[SMM Hydrogen Cost] 20260324

I. Coal-to-Hydrogen

Shandong anthracite transaction range [1,680-1,680], with an average hydrogen cost of [1.61 yuan/m³]

Shanxi anthracite transaction range [910-910], with an average hydrogen cost of [1.05 yuan/m³]

Hebei anthracite transaction range [1,390-1,390], with an average hydrogen cost of [1.39 yuan/m³]

Henan anthracite transaction range [980-980], with an average hydrogen cost of [1.06 yuan/m³]

II. Natural Gas-to-Hydrogen

Pearl River Delta natural gas transaction range [5,520-5,620], with an average hydrogen cost of [2.62 yuan/m³]

Zhejiang natural gas transaction range [5,500-5,850], with an average hydrogen cost of [2.63 yuan/m³]

Guangxi natural gas transaction range [5,180-5,610], with an average hydrogen cost of [2.5 yuan/m³]

Eastern Guangdong natural gas transaction range [5,500-5,590], with an average hydrogen cost of [2.58 yuan/m³]

Henan natural gas transaction range [4,720-4,890], with an average hydrogen cost of [2.31 yuan/m³]

Hebei natural gas transaction range [4,720-5,080], with an average hydrogen cost of [2.33 yuan/m³]

Hubei natural gas transaction range [4,980-5,350], with an average hydrogen cost of [2.44 yuan/m³]

Guizhou natural gas transaction range [4,990-5,720], with an average hydrogen cost of [2.51 yuan/m³]

Sichuan natural gas transaction range [4,825-5,125], with an average hydrogen cost of [2.38 yuan/m³]

Shanxi natural gas transaction range [4,520-4,880], with an average hydrogen cost of [2.22 yuan/m³]

Shandong natural gas transaction range [5,040-5,250], with an average hydrogen cost of [2.44 yuan/m³]

Heilongjiang natural gas transaction range [4,810-5,060], with an average hydrogen cost of [2.34 yuan/m³]

Inner Mongolia natural gas transaction range [4,560-4,800], with an average hydrogen cost of [2.18 yuan/m³]

III. Propane-to-Hydrogen

South China propylene oxide transaction range [7,280-7,370], with an average hydrogen cost of [4.11 yuan/m³]

East China propylene oxide transaction range [7,100-7,310], with an average hydrogen cost of [4.05 yuan/m³]

Northeast China propylene oxide transaction range [5,890-6,310], with an average hydrogen cost of [3.5 yuan/m³]

Shandong propylene oxide transaction range [6,960-7,300], with an average hydrogen cost of [4.03 yuan/m³]

IV. Hydrogen Production from Methanol

The methanol transaction range in east China was [2,800-3,290], and the average hydrogen cost was [2.61 yuan/m³].

The methanol transaction range in central China was [2,780-2,990], and the average hydrogen cost was [2.54 yuan/m³].

The methanol transaction range in north China was [2,360-2,830], and the average hydrogen cost was [2.29 yuan/m³].

The methanol transaction range in south China was [3,310-3,390], and the average hydrogen cost was [2.8 yuan/m³].

The methanol transaction range in northwest China was [1,630-2,630], and the average hydrogen cost was [1.97 yuan/m³].

The methanol transaction range in southwest China was [2,770-3,020], and the average hydrogen cost was [2.55 yuan/m³].

The methanol transaction range in northeast China was [2,770-2,790], and the average hydrogen cost was [2.44 yuan/m³].