[SMM Hydrogen Cost Daily Review] 20250718

I. Coal-to-Hydrogen

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

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

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

The coke transaction range in Henan was [1,215-1,225 yuan], 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 yuan], with an average hydrogen cost of [2.32 yuan/m³].

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

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

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

The natural gas transaction range in Shandong was [4,520-4,670 yuan], with an average hydrogen cost of [1.98 yuan/m³].

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

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

The natural gas transaction range in Henan was [4,340-4,450 yuan], with an average hydrogen cost of [1.9 yuan/m³].

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

The natural gas transaction range in Sichuan was [4,213-4,596 yuan], with an average hydrogen cost of [1.91 yuan/m³].

The natural gas transaction range in Zhejiang was [4,530-4,730 yuan], with an average hydrogen cost of [2.00 yuan/m³].

The natural gas transaction range in Inner Mongolia was [4,270-4,440 yuan], with an average hydrogen cost of [1.87 yuan/m³].

The natural gas transaction range in Heilongjiang was [4,400-4,710 yuan], 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 yuan], with an average hydrogen cost of [4.17 yuan/m³].

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

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

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

IV. Hydrogen Production from Methanol

In north-east China, the methanol transaction range was [2,290-2,430 yuan], with an average hydrogen cost of [2.17 yuan/m³]

In east China, the methanol transaction range was [2,240-2,420 yuan], with an average hydrogen cost of [2.16 yuan/m³]

In central China, the methanol transaction range was [2,160-2,370 yuan], with an average hydrogen cost of [2.15 yuan/m³]

In north China, the methanol transaction range was [2,090-2,220 yuan], with an average hydrogen cost of [2.01 yuan/m³]

In south China, the methanol transaction range was [2,405-2,430 yuan], with an average hydrogen cost of [1.77 yuan/m³]

In north-west China, the methanol transaction range was [1,645-2,090 yuan], with an average hydrogen cost of [1.42 yuan/m³]

In south-west China, the methanol transaction range was [2,060-2,320 yuan], with an average hydrogen cost of [1.62 yuan/m³]