[SMM hydrogen cost daily review] 20250724

I. Coal-Based Hydrogen Production

The transaction range of Shandong anthracite was [1,610-1,610], with an average hydrogen cost of [1.6 yuan/m³].

The transaction range of Hebei anthracite was [1,300-1,300], with an average hydrogen cost of [1.45 yuan/m³].

The transaction range of Shanxi anthracite was [900-900], with an average hydrogen cost of [1.04 yuan/m³].

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

II. Natural Gas-Based Hydrogen Production

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

The transaction range of Shanxi natural gas was [4,180-4,500], with an average hydrogen cost of [2.08 yuan/m³].

The transaction range of Hebei natural gas was [4,350-4,605], with an average hydrogen cost of [2.16 yuan/m³].

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

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

The transaction range of Hubei natural gas was [4,440-4,760], with an average hydrogen cost of [1.99 yuan/m³].

The transaction range of Henan natural gas was [4,370-4,710], with an average hydrogen cost of [1.91 yuan/m³].

The transaction range of Guizhou natural gas was [4,370-4,710], with an average hydrogen cost of [1.96 yuan/m³].

The transaction range of Sichuan natural gas was [4,430-4,670], with an average hydrogen cost of [1.97 yuan/m³].

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

The transaction range of Inner Mongolia natural gas was [4,270-4,440], with an average hydrogen cost of [1.89 yuan/m³].

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

III. Propane-Based Hydrogen Production

The transaction range of propane in north-east China was [4,200-4,630], with an average hydrogen cost of [2.66 yuan/m³].

The transaction range of east China propane was [4,460-4,660], with an average hydrogen cost of [2.73 yuan/m³].

The transaction range of Shandong propane was [4,560-4,890], with an average hydrogen cost of [2.83 yuan/m³].

The transaction range of south China propane was [4,650-4,720], with an average hydrogen cost of [2.79 yuan/m³].

IV. Hydrogen Production from Methanol

In north-east China, the methanol transaction range was [2,320-2,530 yuan], with an average hydrogen cost of [2.21 yuan/m³]

In east China, the methanol transaction range was [2,310-2,500 yuan], with an average hydrogen cost of [2.2 yuan/m³]

In central China, the methanol transaction range was [2,230-2,410 yuan], with an average hydrogen cost of [2.18 yuan/m³]

In north China, the methanol transaction range was [2,130-2,235 yuan], with an average hydrogen cost of [2.02 yuan/m³]

In south China, the methanol transaction range was [2,440-2,500 yuan], with an average hydrogen cost of [1.8 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 [2,080-2,340 yuan], with an average hydrogen cost of [1.64 yuan/m³]