[SMM hydrogen cost daily review] 20250728

I. Coal-to-Hydrogen

The transaction range of Shandong anthracite was [1,610-1,610], with an average hydrogen cost of [1.55 yuan/m³]

The transaction range of Hebei anthracite was [1,300-1,300], with an average hydrogen cost of [1.41 yuan/m³]

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

The transaction range of Henan anthracite was [910-910], with an average hydrogen cost of [1.1 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 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 [4,180-4,440], with an average hydrogen cost of [2.06 yuan/m³]

The transaction range of Hebei natural gas was [4,338-4,625], with an average hydrogen cost of [2.16 yuan/m³]

The transaction range of Shandong natural gas was [4,500-4,660], 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 [4,420-4,570], with an average hydrogen cost of [1.94 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 [4,363-4,646], with an average hydrogen cost of [1.95 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-to-Hydrogen

The transaction range of north-east China propane was [4,170-4,660], with an average hydrogen cost of [2.66 yuan/m³]

The transaction range of east China propane was [4,430-4,610], with an average hydrogen cost of [2.71 yuan/m³]

The transaction range of Shandong propane was [4,600-4,860], with an average hydrogen cost of [2.82 yuan/m³]

The transaction range of south China propane was [4,550-4,570], with an average hydrogen cost of [2.73 yuan/m³]

IV. Hydrogen production from methanol

In north-east China, the methanol transaction range was [2,310-2,640], with an average hydrogen cost of [2.24 yuan/m³]

In east China, the methanol transaction range was [2,350-2,450], with an average hydrogen cost of [2.2 yuan/m³]

In central China, the methanol transaction range was [2,210-2,400], with an average hydrogen cost of [2.17 yuan/m³]

In north China, the methanol transaction range was [2,130-2,270], with an average hydrogen cost of [2.03 yuan/m³]

In south China, the methanol transaction range was [2,420-2,450], with an average hydrogen cost of [1.78 yuan/m³]

In north-west China, the methanol transaction range was [1,645-2,140], with an average hydrogen cost of [1.43 yuan/m³]

In south-west China, the methanol transaction range was [2,080-2,320], with an average hydrogen cost of [1.63 yuan/m³]