[SMM Hydrogen Cost] 20260414

I. Coal-to-Hydrogen

Shandong anthracite transaction range [1,680-1,680], average hydrogen cost [1.64 yuan/m³]

Shanxi anthracite transaction range [910-910], average hydrogen cost [1.06 yuan/m³]

Hebei anthracite transaction range [1,390-1,390], average hydrogen cost [1.44 yuan/m³]

Henan anthracite transaction range [980-980], average hydrogen cost [1.12 yuan/m³]

II. Natural Gas-to-Hydrogen

Pearl River Delta natural gas transaction range [5,680-5,700], average hydrogen cost [2.67 yuan/m³]

Zhejiang natural gas transaction range [5,620-5,840], average hydrogen cost [2.66 yuan/m³]

Guangxi natural gas transaction range [5,560-6,000], average hydrogen cost [2.65 yuan/m³]

Eastern Guangdong natural gas transaction range [5,680-5,710], average hydrogen cost [2.64 yuan/m³]

Henan natural gas transaction range [4,900-5,190], average hydrogen cost [2.41 yuan/m³]

Hebei natural gas transaction range [4,910-5,335], average hydrogen cost [2.42 yuan/m³]

Hubei natural gas transaction range [5,340-5,620], average hydrogen cost [2.57 yuan/m³]

Guizhou natural gas transaction range [5,190-5,890], average hydrogen cost [2.59 yuan/m³]

Sichuan natural gas transaction range [5,015-5,425], average hydrogen cost [2.48 yuan/m³]

Shanxi natural gas transaction range [4,840-5,060], average hydrogen cost [2.32 yuan/m³]

Shandong natural gas transaction range [5,140-5,520], average hydrogen cost [2.52 yuan/m³]

Heilongjiang natural gas transaction range [4,880-5,090], average hydrogen cost [2.36 yuan/m³]

Inner Mongolia natural gas transaction range [4,900-5,190], average hydrogen cost [2.33 yuan/m³]

III. Propane-to-Hydrogen

South China propylene oxide transaction range [7,520-7,560], average hydrogen cost [4.21 yuan/m³]

East China propylene oxide transaction range [6,450-7,190], average hydrogen cost [3.86 yuan/m³]

Northeast China propylene oxide transaction range [6,320-6,750], average hydrogen cost [3.71 yuan/m³]

Shandong propylene oxide transaction range [6,920-7,500], average hydrogen cost [4.07 yuan/m³]

IV. Methanol-to-Hydrogen

East China methanol transaction range [2,970-3,360], average hydrogen cost [2.69 yuan/m³]

Central China methanol transaction range [2,910-3,230], average hydrogen cost [2.66 yuan/m³]

North China methanol transaction range [2,740-2,870], average hydrogen cost [2.42 yuan/m³]

South China methanol transaction range [3,290-3,320], average hydrogen cost [2.77 yuan/m³]

Northwest China methanol transaction range [2,640-2,830], average hydrogen cost [2.36 yuan/m³]

Southwest China methanol transaction range [2,910-3,260], average hydrogen cost [2.67 yuan/m³]

Northeast China methanol transaction range [3,020-3,040], average hydrogen cost [2.6 yuan/m³]