[SMM hydrogen cost daily review] August 11, 2025

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 [1.42 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 [1.1 yuan/m³]

II. Natural Gas-Based Hydrogen Production

The transaction range of natural gas in eastern Guangdong was [4,440-4,450], with an average hydrogen cost of [2.13 yuan/m³]

The transaction range of Guangxi natural gas was [4,320-4,460], with an average hydrogen cost of [2.09 yuan/m³]

The transaction range of Shanxi natural gas was [3,950-4,250], with an average hydrogen cost of [1.98 yuan/m³]

The transaction range of Hebei natural gas was [4,110-4,295], with an average hydrogen cost of [2.05 yuan/m³]

The transaction range of Shandong natural gas was [4,200-4,670], with an average hydrogen cost of [1.92 yuan/m³]

The transaction range of Pearl River Delta natural gas was [4,450-4,460], with an average hydrogen cost of [1.93 yuan/m³]

The transaction range of Hubei natural gas was [4,360-4,570], with an average hydrogen cost of [1.93 yuan/m³]

The transaction range of Henan natural gas was [4,180-4,370], with an average hydrogen cost of [1.85 yuan/m³]

The transaction range of Guizhou natural gas was [4,310-4,650], with an average hydrogen cost of [1.94 yuan/m³]

The transaction range of Sichuan natural gas was [4,350-4,606], with an average hydrogen cost of [1.94 yuan/m³]

The transaction range of Zhejiang natural gas was [4,190-4,520], with an average hydrogen cost of [1.89 yuan/m³]

The transaction range of Inner Mongolia natural gas was [4,200-4,380], with an average hydrogen cost of [1.86 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 north-east China propane was [4,200-4,720], with an average hydrogen cost of [2.68 yuan/m³]

The transaction range of east China propane was [4,450-4,560], with an average hydrogen cost of [2.7 yuan/m³]

The transaction range of Shandong propane was [4,530-4,860], with an average hydrogen cost of [2.81 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 [2,350-2,370], with an average hydrogen cost of [2.17 yuan/m³]

In east China, the methanol transaction range was [2,330-2,440], with an average hydrogen cost of [2.2 yuan/m³]

In central China, the methanol transaction range was [2,260-2,420], with an average hydrogen cost of [2.19 yuan/m³]

In north China, the methanol transaction range was [2,180-2,250], with an average hydrogen cost of [2.04 yuan/m³]

In south China, the methanol transaction range was [2,400-2,420], with an average hydrogen cost of [1.77 yuan/m³]

In north-west China, the methanol transaction range was [1,755-2,160], with an average hydrogen cost of [1.48 yuan/m³]

In south-west China, the methanol transaction range was [2,140-2,380], with an average hydrogen cost of [1.67 yuan/m³]