[SMM Hydrogen Cost Daily Review] 20250722

I. Coal-to-Hydrogen

The transaction range of anthracite in Shandong was [900-900], with an average hydrogen cost of [1.07 yuan/m³]

The transaction range of anthracite in Hebei was [900-900], with an average hydrogen cost of [1.15 yuan/m³]

The transaction range of anthracite in Shanxi was [900-900], with an average hydrogen cost of [1.03 yuan/m³]

The transaction range of anthracite in Henan was [910-910], with an average hydrogen cost of [1.11 yuan/m³]

II. Natural Gas-to-Hydrogen

The transaction range of natural gas in east Guangdong was [4910-4910], with an average hydrogen cost of [2.32 yuan/m³]

The transaction range of natural gas in Guangxi was [4610-4860], with an average hydrogen cost of [2.23 yuan/m³]

The transaction range of natural gas in Shanxi was [4190-4560], with an average hydrogen cost of [2.09 yuan/m³]

The transaction range of natural gas in Hebei was [4370-4595], with an average hydrogen cost of [2.16 yuan/m³]

The transaction range of natural gas in Shandong was [4520-4670], with an average hydrogen cost of [1.98 yuan/m³]

The transaction range of natural gas in the Pearl River Delta was [4890-4920], with an average hydrogen cost of [2.11 yuan/m³]

The transaction range of natural gas in Hubei was [4470-4710], with an average hydrogen cost of [1.98 yuan/m³]

The transaction range of natural gas in Henan was [4330-4510], with an average hydrogen cost of [1.91 yuan/m³]

The transaction range of natural gas in Guizhou was [4370-4710], with an average hydrogen cost of [1.96 yuan/m³]

The transaction range of natural gas in Sichuan was [4430-4670], with an average hydrogen cost of [1.97 yuan/m³]

The transaction range of natural gas in Zhejiang was [4530-4730], with an average hydrogen cost of [2.00 yuan/m³]

The transaction range of natural gas in Inner Mongolia was [4270-4440], with an average hydrogen cost of [1.87 yuan/m³]

The transaction range of natural gas in Heilongjiang was [4400-4710], with an average hydrogen cost of [1.97 yuan/m³]

III. Propane-to-Hydrogen

The transaction range of propane in north-east China was [4160-4650], with an average hydrogen cost of [2.65 yuan/m³]

The transaction range of propane in east China was [4460-4660], with an average hydrogen cost of [2.73 yuan/m³]

The transaction range of propane in Shandong was [4600-4930], with an average hydrogen cost of [2.85 yuan/m³]

The transaction range of propane in south China was [4650-4720], with an average hydrogen cost of [2.79 yuan/m³]

IV. Hydrogen Production from Methanol

In north-east China, the methanol transaction range was [2,300-2,380], with an average hydrogen cost of [2.16 yuan/m³]

In east China, the methanol transaction range was [2,265-2,430], with an average hydrogen cost of [2.17 yuan/m³]

In central China, the methanol transaction range was [2,200-2,410], with an average hydrogen cost of [2.17 yuan/m³]

In north China, the methanol transaction range was [2,110-2,210], with an average hydrogen cost of [2.01 yuan/m³]

In south China, the methanol transaction range was [2,420-2,430], with an average hydrogen cost of [1.77 yuan/m³]

In north-west China, the methanol transaction range was [1,655-2,100], with an average hydrogen cost of [1.42 yuan/m³]

In south-west China, the methanol transaction range was [2,080-2,340], with an average hydrogen cost of [1.64 yuan/m³]