[SMM Hydrogen Cost Daily Review] 20251124

I. Coal-Based Hydrogen Production

The transaction range for anthracite in Shandong was [1,720-1,720] yuan, with an average hydrogen cost of [1.61 yuan/m³].

The transaction range for anthracite in Hebei was [1,400-1,400] yuan, with an average hydrogen cost of [1.42 yuan/m³].

The transaction range for anthracite in Shanxi was [920-920] yuan, with an average hydrogen cost of [0.98 yuan/m³].

The transaction range for anthracite in Henan was [1,020-1,020] yuan, with an average hydrogen cost of [1.10 yuan/m³].

II. Natural Gas-Based Hydrogen Production

The transaction range for natural gas in Eastern Guangdong was [4,330-4,340] yuan, with an average hydrogen cost of [2.08 yuan/m³].

The transaction range for natural gas in Guangxi was [4,200-4,510] yuan, with an average hydrogen cost of [2.07 yuan/m³].

The transaction range for natural gas in Shanxi was [4,290-4,330] yuan, with an average hydrogen cost of [2.06 yuan/m³].

The transaction range for natural gas in Hebei was [4,368-4,585] yuan, with an average hydrogen cost of [2.16 yuan/m³].

The transaction range for natural gas in Shandong was [4,480-4,720] yuan, with an average hydrogen cost of [1.99 yuan/m³].

The transaction range for natural gas in the Pearl River Delta was [4,340-4,370] yuan, with an average hydrogen cost of [1.89 yuan/m³].

The transaction range for natural gas in Hubei was [4,200-4,500] yuan, with an average hydrogen cost of [1.88 yuan/m³].

The transaction range for natural gas in Henan was [4,300-4,420] yuan, with an average hydrogen cost of [1.89 yuan/m³].

The transaction range for natural gas in Guizhou was [4,210-4,470] yuan, with an average hydrogen cost of [1.88 yuan/m³].

The transaction range for natural gas in Sichuan was [4,090-4,420] yuan, with an average hydrogen cost of [1.85 yuan/m³].

The transaction range for natural gas in Zhejiang was [4,450-4,730] yuan, with an average hydrogen cost of [1.98 yuan/m³].

The transaction range for natural gas in Inner Mongolia was [4,210-4,480] yuan, with an average hydrogen cost of [1.88 yuan/m³].

The transaction range for natural gas in Heilongjiang was [4,460-4,620] yuan, with an average hydrogen cost of [1.96 yuan/m³].

III. Propane-to-hydrogen production

Northeast propane transaction range [4030-4510], average hydrogen cost was [2.59 yuan/m³]

East China propane transaction range [4490-4530], average hydrogen cost was [2.71 yuan/m³]

Shandong propane transaction range [4520-4730], average hydrogen cost was [2.78 yuan/m³]

South China propane transaction range [4510-4590], average hydrogen cost was [2.72 yuan/m³]

Four. Methanol-to-hydrogen production

Northeast methanol transaction range [2400-2420], average hydrogen cost was [2.20 yuan/m³]

East China methanol transaction range [2060-2240], average hydrogen cost was [2.04 yuan/m³]

Central China methanol transaction range [2050-2200], average hydrogen cost was [2.06 yuan/m³]

North China methanol transaction range [1960-2120], average hydrogen cost was [1.93 yuan/m³]

South China methanol transaction range [2030-2050], average hydrogen cost was [1.53 yuan/m³]

Northwest China methanol transaction range [1550-2090], average hydrogen cost was [1.39 yuan/m³]

Southwest China methanol transaction range [1820-2130], average hydrogen cost was [1.49 yuan/m³]