[SMM Daily Review of Hydrogen Cost] July 17, 2025

Published: Jul 18, 2025 09:01

I. Coal-to-Hydrogen

The coke transaction range in Shandong was [1,030-1,050], with an average hydrogen cost of [1.16 yuan/m³]

The coke transaction range in Hebei was [1,090-1,160], with an average hydrogen cost of [1.28 yuan/m³]

The coke transaction range in Shanxi was [1,185-1,380], with an average hydrogen cost of [1.32 yuan/m³]

The coke transaction range in Henan was [1,215-1,225], with an average hydrogen cost of [1.33 yuan/m³]

 

II. Natural Gas-to-Hydrogen

The natural gas transaction range in eastern Guangdong was [4,910-4,910], with an average hydrogen cost of [2.32 yuan/m³]

The natural gas transaction range in Guangxi was [4,610-4,860], with an average hydrogen cost of [2.23 yuan/m³]

The natural gas transaction range in Shanxi was [4,200-4,500], with an average hydrogen cost of [2.08 yuan/m³]

The natural gas transaction range in Hebei was [4,280-4,600], with an average hydrogen cost of [2.14 yuan/m³]

The natural gas transaction range in Shandong was [4,560-4,660], with an average hydrogen cost of [1.99 yuan/m³]

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

The natural gas transaction range in Hubei was [4,410-4,690], with an average hydrogen cost of [1.97 yuan/m³]

The natural gas transaction range in Henan was [4,300-4,430], with an average hydrogen cost of [1.89 yuan/m³]

The natural gas transaction range in Guizhou was [4,350-4,640], with an average hydrogen cost of [1.94 yuan/m³]

The natural gas transaction range in Sichuan was [4,243-4,530], with an average hydrogen cost of [1.9 yuan/m³]

The natural gas transaction range in Zhejiang was [4,530-4,730], with an average hydrogen cost of [2 yuan/m³]

The natural gas transaction range in Inner Mongolia was [4,210-4,430], with an average hydrogen cost of [1.87 yuan/m³]

The natural gas transaction range in Heilongjiang was [4,400-4,710], with an average hydrogen cost of [1.97 yuan/m³]

 

III. Propane-to-Hydrogen

The propylene oxide transaction range in north-east China was [7,440-7,480], with an average hydrogen cost of [4.17 yuan/m³]

The propylene oxide transaction range in east China was [7,490-7,510], with an average hydrogen cost of [4.19 yuan/m³]

The propylene oxide transaction range in Shandong was [7,260-7,310], with an average hydrogen cost of [4.11 yuan/m³]

The propylene oxide transaction range in south China was [7,780-7,790], with an average hydrogen cost of [4.33 yuan/m³]

IV. Hydrogen Production from Methanol

In north-east China, the methanol transaction range was [2,280-2,430], with an average hydrogen cost of [2.17 yuan/m³]

In east China, the methanol transaction range was [2,235-2,440], with an average hydrogen cost of [2.16 yuan/m³]

In central China, the methanol transaction range was [2,170-2,380], with an average hydrogen cost of [2.15 yuan/m³]

In north China, the methanol transaction range was [2,100-2,220], with an average hydrogen cost of [2.01 yuan/m³]

In south China, the methanol transaction range was [2,410-2,420], with an average hydrogen cost of [1.77 yuan/m³]

In north-west China, the methanol transaction range was [1,635-2,090], with an average hydrogen cost of [1.41 yuan/m³]

In south-west China, the methanol transaction range was [2,080-2,300], with an average hydrogen cost of [1.62 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] July 17, 2025 - Shanghai Metals Market (SMM)