[SMM Daily Review of Hydrogen Cost] 20250603

Published: Jun 5, 2025 18:13

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]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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[SMM Daily Review of Hydrogen Cost] 20250603 - Shanghai Metals Market (SMM)