[SMM Daily Review of Hydrogen Cost] 20250721

I. Coal-to-Hydrogen

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

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

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

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

II. Natural Gas-to-Hydrogen

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

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

The transaction range of natural gas in Shanxi was [4,190-4,560], with an average hydrogen cost of [2.09 yuan/m³]

The transaction range of natural gas in Hebei was [4,280-4,575], with an average hydrogen cost of [2.14 yuan/m³]

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

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

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

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

The transaction range of natural gas in Guizhou was [4,330-4,640], with an average hydrogen cost of [1.93 yuan/m³]

The transaction range of natural gas in Sichuan was [4,253-4,570], with an average hydrogen cost of [1.91 yuan/m³]

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

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

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

III. Propane-to-Hydrogen

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

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

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

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

IV. Hydrogen Production from Methanol

The transaction range of methanol in north-east China was [2290-2380], with an average hydrogen cost of [2.15 yuan/m³]

The transaction range of methanol in east China was [2245-2460], with an average hydrogen cost of [2.17 yuan/m³]

The transaction range of methanol in central China was [2160-2370], with an average hydrogen cost of [2.15 yuan/m³]

The transaction range of methanol in north China was [2110-2220], with an average hydrogen cost of [2.01 yuan/m³]

The transaction range of methanol in south China was [2420-2440], with an average hydrogen cost of [1.78 yuan/m³]

The transaction range of methanol in north-west China was [1655-2100], with an average hydrogen cost of [1.42 yuan/m³]

The transaction range of methanol in south-west China was [2070-2320], with an average hydrogen cost of [1.63 yuan/m³]