[SMM Hydrogen Cost Daily Review] 20251028

I. Coal-Based Hydrogen Production

The transaction range for Shandong anthracite was [1,640-1,640] yuan, with an average hydrogen cost of [1.55 yuan/m³].

The transaction range for Hebei anthracite was [1,380-1,380] yuan, with an average hydrogen cost of [1.41 yuan/m³].

The transaction range for Shanxi anthracite was [900-900] yuan, with an average hydrogen cost of [0.97 yuan/m³].

The transaction range for Henan anthracite was [940-940] yuan, with an average hydrogen cost of [1.04 yuan/m³].

II. Natural Gas-Based Hydrogen Production

The transaction range for natural gas in eastern Guangdong was [4,190-4,220] yuan, with an average hydrogen cost of [2.03 yuan/m³].

The transaction range for Guangxi natural gas was [4,170-4,420] yuan, with an average hydrogen cost of [2.05 yuan/m³].

The transaction range for Shanxi natural gas was [4,490-4,560] yuan, with an average hydrogen cost of [2.15 yuan/m³].

The transaction range for Hebei natural gas was [4,520-4,740] yuan, with an average hydrogen cost of [2.22 yuan/m³].

The transaction range for Shandong natural gas was [4,610-4,680] yuan, with an average hydrogen cost of [2 yuan/m³].

The transaction range for Pearl River Delta natural gas was [4,220-4,220] yuan, with an average hydrogen cost of [1.83 yuan/m³].

The transaction range for Hubei natural gas was [4,610-4,890] yuan, with an average hydrogen cost of [2.05 yuan/m³].

The transaction range for Henan natural gas was [4,470-4,670] yuan, with an average hydrogen cost of [1.97 yuan/m³].

The transaction range for Guizhou natural gas was [4,530-4,840] yuan, with an average hydrogen cost of [2.02 yuan/m³].

The transaction range for Sichuan natural gas was [4,386-4,660] yuan, with an average hydrogen cost of [1.95 yuan/m³].

The transaction range for Zhejiang natural gas was [4,350-4,660] yuan, with an average hydrogen cost of [1.95 yuan/m³].

The transaction range for Inner Mongolia natural gas was [4,380-4,570] yuan, with an average hydrogen cost of [1.94 yuan/m³].

The transaction range for Heilongjiang natural gas was [4,280-4,540] yuan, with an average hydrogen cost of [1.91 yuan/m³].

III. Propane-Based Hydrogen Production

The transaction range for northeast China propane was [4,120-4,660] yuan, with an average hydrogen cost of [2.65 yuan/m³].

The transaction range for east China propane was [4,480-4,540] yuan, with an average hydrogen cost of [2.71 yuan/m³].

The transaction range for Shandong propane was [4,530-4,700] yuan, with an average hydrogen cost of [2.78 yuan/m³].

The transaction range for south China propane was [4,570-4,600] yuan, with an average hydrogen cost of [2.74 yuan/m³].

IV. Hydrogen Production from Methanol

In northeast China, the methanol transaction range was [2,400-2,430 yuan], with an average hydrogen cost of [2.2 yuan/m³]

In east China, the methanol transaction range was [2,220-2,330 yuan], with an average hydrogen cost of [2.12 yuan/m³]

In central China, the methanol transaction range was [2,100-2,370 yuan], with an average hydrogen cost of [2.13 yuan/m³]

In north China, the methanol transaction range was [2,080-2,250 yuan], with an average hydrogen cost of [2.01 yuan/m³]

In south China, the methanol transaction range was [2,230-2,230 yuan], with an average hydrogen cost of [1.65 yuan/m³]

In northwest China, the methanol transaction range was [1,610-2,080 yuan], with an average hydrogen cost of [1.4 yuan/m³]

In southwest China, the methanol transaction range was [2,050-2,300 yuan], with an average hydrogen cost of [1.61 yuan/m³]