[SMM Daily Review of Hydrogen Cost] July 8, 2025

I. Hydrogen Production via Coal Gasification

Shandong coke transaction range [1030-1050], average hydrogen cost [1.16 yuan/m³]

Hebei coke transaction range [1090-1160], average hydrogen cost [1.29 yuan/m³]

Shanxi coke transaction range [1185-1380], average hydrogen cost [1.32 yuan/m³]

Henan coke transaction range [1215-1225], average hydrogen cost [1.30 yuan/m³]

II. Hydrogen Production via Natural Gas

Guangdong East natural gas transaction range [4910-4910], average hydrogen cost [2.32 yuan/m³]

Guangxi natural gas transaction range [4630-4840], average hydrogen cost [2.23 yuan/m³]

Shanxi natural gas transaction range [4090-4390], average hydrogen cost [2.03 yuan/m³Z10/>Hebei natural gas transaction range [4206-4500], average hydrogen cost [2.11 yuan/m³]

Shandong natural gas transaction range [4480-4660], average hydrogen cost [1.97 yuan/m³]

Pearl River Delta natural gas transaction range [4890-4920], average hydrogen cost [2.11 yuan/m³]

Hubei natural gas transaction range [4410-4690], average hydrogen cost [1.97 yuan/m³]

Henan natural gas transaction range [4230-4410], average hydrogen cost [1.87 yuan/m³]

Guizhou natural gas transaction range [4410-4600], average hydrogen cost [1.95 yuan/m³]

Sichuan natural gas transaction range [4350-4460], average hydrogen cost [1.91 yuan/m³]

Zhejiang natural gas transaction range [4560-4760], average hydrogen cost [2.01 yuan/m³]

Inner Mongolia natural gas transaction range [4110-4430], average hydrogen cost [1.85 yuan/m³]

Heilongjiang natural gas transaction range [4400-4710], average hydrogen cost [1.97 yuan/m³]

III. Hydrogen Production via Propane

North-east China propylene oxide transaction range [7340-7420], average hydrogen cost [4.13 yuan/m³]

East China propylene oxide transaction range [7400-7420], average hydrogen cost [4.15 yuan/m³]

Shandong propylene oxide transaction range [7190-7210], average hydrogen cost [4.06 yuan/m³]

South China propylene oxide transaction range [7680-7690], average hydrogen cost [4.28 yuan/m³]

IV. Hydrogen production from methanol

north-east China methanol transaction range [2290-2640], with an average hydrogen cost of [2.24 yuan/m³]

east China methanol transaction range [2270-2460], with an average hydrogen cost of [2.18 yuan/m³]

central China methanol transaction range [2190-2490], with an average hydrogen cost of [2.19 yuan/m³]

north China methanol transaction range [2080-2280], with an average hydrogen cost of [2.02 yuan/m³]

south China methanol transaction range [2420-2470], with an average hydrogen cost of [1.79 yuan/m³]Z31/>north-west China methanol transaction range [1655-2100], with an average hydrogen cost of [1.42 yuan/m³]Z32/>south-west China methanol transaction range [2070-2480], with an average hydrogen cost of [1.68 yuan/m³]Z33/>