[SMM Daily Review of Hydrogen Cost] 20250603

I. Hydrogen Production from Coal

In Shandong, the coke transaction range was [1,140-1,170 yuan], with an average hydrogen cost of [1.2 yuan/m³].

In Hebei, the coke transaction range was [1,210-1,250 yuan], with an average hydrogen cost of [1.35 yuan/m³].

In Shanxi, the coke transaction range was [1,320-1,490 yuan], with an average hydrogen cost of [1.41 yuan/m³].

In Henan, the coke transaction range was [1,330-1,370 yuan], with an average hydrogen cost of [1.34 yuan/m³].

II. Hydrogen Production from Natural Gas

In eastern Guangdong, the natural gas transaction range was [4,910-4,910 yuan], with an average hydrogen cost of [2.31 yuan/m³].

In Guangxi, the natural gas transaction range was [4,710-5,020 yuan], with an average hydrogen cost of [2.28 yuan/m³].

In Shanxi, the natural gas transaction range was [3,980-4,330 yuan], with an average hydrogen cost of [2 yuan/m³].

In Hebei, the natural gas transaction range was [4,226-4,515 yuan], with an average hydrogen cost of [2.11 yuan/m³].

In Shandong, the natural gas transaction range was [4,420-4,560 yuan], with an average hydrogen cost of [1.94 yuan/m³].

In the Pearl River Delta, the natural gas transaction range was [4,890-4,920 yuan], with an average hydrogen cost of [2.11 yuan/m³].

In Hubei, the natural gas transaction range was [4,550-4,730 yuan], with an average hydrogen cost of [2 yuan/m³].

In Henan, the natural gas transaction range was [4,200-4,350 yuan], with an average hydrogen cost of [1.85 yuan/m³].

In Guizhou, the natural gas transaction range was [4,470-4,720 yuan], with an average hydrogen cost of [1.98 yuan/m³].

In Sichuan, the natural gas transaction range was [4,390-4,540 yuan], with an average hydrogen cost of [1.93 yuan/m³].

In Zhejiang, the natural gas transaction range was [4,480-4,820 yuan], with an average hydrogen cost of [2 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [4,190-4,190 yuan], with an average hydrogen cost of [1.87 yuan/m³].

In Heilongjiang, the natural gas transaction range was [4,620-4,820 yuan], with an average hydrogen cost of [2.04 yuan/m³].

III. Hydrogen Production from Propane

In north-east China, the propylene oxide transaction range was [7,470-7,500 yuan], with an average hydrogen cost of [4.19 yuan/m³].

In east China, the propylene oxide transaction range was [7,380-7,400 yuan], with an average hydrogen cost of [4.09 yuan/m³].

In Shandong, the propylene oxide transaction range was [7,260-7,320 yuan], with an average hydrogen cost of [4.11 yuan/m³].

In south China, the propylene oxide transaction range was [7,680-7,820 yuan], with an average hydrogen cost of [4.25 yuan/m³].

IV. Hydrogen production from methanol

The methanol transaction range in north-east China was [2,180-2,180 yuan/ton], with an average hydrogen cost of [2.05 yuan/m³]

The methanol transaction range in east China was [2,130-2,290 yuan/ton], with an average hydrogen cost of [2.08 yuan/m³]

The methanol transaction range in central China was [2,095-2,380 yuan/ton], with an average hydrogen cost of [2.13 yuan/m³]

The methanol transaction range in north China was [1,970-2,050 yuan/ton], with an average hydrogen cost of [1.91 yuan/m³]

The methanol transaction range in south China was [2,290-2,320 yuan/ton], with an average hydrogen cost of [1.7 yuan/m³]

The methanol transaction range in north-west China was [1,645-1,870 yuan/ton], with an average hydrogen cost of [1.35 yuan/m³]

The methanol transaction range in south-west China was [2,150-2,440 yuan/ton], with an average hydrogen cost of [1.69 yuan/m³]