[SMM Hydrogen Cost Daily Review] July 17, 2026

I. Hydrogen from Coal

Shandong anthracite transaction range [1930-1930], average hydrogen production cost [1.76 yuan/m³]

Hebei coke transaction range [1660-1660], average hydrogen production cost [1.58 yuan/m³]

Shanxi coke transaction range [1180-1180], average hydrogen production cost [1.25 yuan/m³]

Henan coke transaction range [1230-1230], average hydrogen production cost [1.25 yuan/m³]

II. Hydrogen from Natural Gas

Guangdong Yuedong natural gas transaction range [6600-6610], average hydrogen production cost [3.01 yuan/m³]

Guangxi natural gas transaction range [6120-6570], average hydrogen production cost [2.89 yuan/m³]

Shanxi natural gas transaction range [5360-5570], average hydrogen production cost [2.53 yuan/m³]

Hebei natural gas transaction range [5518-5965], average hydrogen production cost [2.27 yuan/m³]

Shandong natural gas transaction range [5665-6230], average hydrogen production cost [2.54 yuan/m³]

Pearl River Delta natural gas transaction range [6590-6600], average hydrogen production cost [2.80 yuan/m³]

Hubei natural gas transaction range [5860-6040], average hydrogen production cost [2.54 yuan/m³]

Henan natural gas transaction range [5560-5770], average hydrogen production cost [2.42 yuan/m³]

Guizhou natural gas transaction range [5830-6030], average hydrogen production cost [2.53 yuan/m³]

Sichuan natural gas transaction range [5720-5970], average hydrogen production cost [2.49 yuan/m³]

Zhejiang natural gas transaction range [6180-6600], average hydrogen production cost [2.72 yuan/m³]

Inner Mongolia natural gas transaction range [5460-5810], average hydrogen production cost [2.41 yuan/m³]

Heilongjiang natural gas transaction range [5560-5900], average hydrogen production cost [2.45 yuan/m³]

III. Hydrogen from Propane

Northeast propane transaction range [4970-5310], average hydrogen production cost [3.02 yuan/m³]

East China propane transaction range [5350-5650], average hydrogen production cost [3.20 yuan/m³]

Shandong propane transaction range [5659-5679], average hydrogen production cost [3.30 yuan/m³]

South China propane transaction range [5650-5750], average hydrogen production cost [3.30 yuan/m³]

IV. Hydrogen from Methanol

Northeast methanol transaction range [2580-2590], average hydrogen production cost [2.31 yuan/m³]

East China methanol transaction range [2510-2760], average hydrogen production cost [2.35 yuan/m³]

Central China methanol transaction range [2430-2670], average hydrogen production cost [2.33 yuan/m³]

North China methanol transaction range [2330-2370], average hydrogen production cost [2.13 yuan/m³]

South China methanol transaction range [2660-2700], average hydrogen production cost [1.94 yuan/m³]

Northwest methanol transaction range [1960-2280], average hydrogen production cost [1.58 yuan/m³]

Southwest methanol transaction range [2410-2680], average hydrogen production cost [1.85 yuan/m³]