[SMM Hydrogen Cost Daily Review] 20251212

I. Coal-to-Hydrogen

The transaction range for coke in Shandong was [1,720-1,720], and the average hydrogen cost was [1.6 yuan/m³].

The transaction range for coke in Hebei was [1,400-1,400], and the average hydrogen cost was [1.39 yuan/m³].

The transaction range for coke in Shanxi was [920-920], and the average hydrogen cost was [0.99 yuan/m³].

The transaction range for coke in Henan was [1,020-1,020], and the average hydrogen cost was [1.08 yuan/m³].

II. Natural Gas-to-Hydrogen

The transaction range for natural gas in eastern Guangdong was [4,330-4,340], and the average hydrogen cost was [2.08 yuan/m³].

The transaction range for natural gas in Guangxi was [4,190-4,470], and the average hydrogen cost was [2.06 yuan/m³].

The transaction range for natural gas in Shanxi was [3,820-4,140], and the average hydrogen cost was [1.93 yuan/m³].

The transaction range for natural gas in Hebei was [4,032-4,345], and the average hydrogen cost was [2.04 yuan/m³].

The transaction range for natural gas in Shandong was [4,330-4,520], and the average hydrogen cost was [1.91 yuan/m³].

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

The transaction range for natural gas in Hubei was [4,090-4,280], and the average hydrogen cost was [1.82 yuan/m³].

The transaction range for natural gas in Henan was [4,150-4,300], and the average hydrogen cost was [1.83 yuan/m³].

The transaction range for natural gas in Guizhou was [4,160-4,290], and the average hydrogen cost was [1.83 yuan/m³].

The transaction range for natural gas in Sichuan was [3,820-4,245], and the average hydrogen cost was [1.78 yuan/m³].

The transaction range for natural gas in Zhejiang was [4,300-4,620], and the average hydrogen cost was [1.93 yuan/m³].

The transaction range for natural gas in Inner Mongolia was [4,330-4,190], and the average hydrogen cost was [1.77 yuan/m³].

The transaction range for natural gas in Heilongjiang was [4,340-4,520], and the average hydrogen cost was [1.91 yuan/m³].

III. Propane-to-Hydrogen

The transaction range for propylene oxide in northeast China was [3,990-4,480], and the average hydrogen cost was [2.57 yuan/m³].

The transaction range for propylene oxide in east China was [4,600-4,670], and the average hydrogen cost was [2.77 yuan/m³].

The transaction range for propylene oxide in Shandong was [4,610-4,850], and the average hydrogen cost was [2.83 yuan/m³].

The transaction range for propylene oxide in south China was [4,530-4,630], and the average hydrogen cost was [2.74 yuan/m³].

IV. Hydrogen Production from Methanol

In northeast China, the methanol transaction range was [2,230-2,250 yuan], and the average hydrogen cost was [2.09 yuan/m³].

In east China, the methanol transaction range was [2,120-2,310 yuan], and the average hydrogen cost was [2.08 yuan/m³].

In central China, the methanol transaction range was [2,120-2,290 yuan], and the average hydrogen cost was [2.11 yuan/m³].

In north China, the methanol transaction range was [2,040-2,190 yuan], and the average hydrogen cost was [1.98 yuan/m³].

In south China, the methanol transaction range was [2,095-2,110 yuan], and the average hydrogen cost was [1.57 yuan/m³].

In northwest China, the methanol transaction range was [1,930-2,080 yuan], and the average hydrogen cost was [1.51 yuan/m³].

In southwest China, the methanol transaction range was [2,000-2,250 yuan], and the average hydrogen cost was [1.58 yuan/m³].