[SMM Hydrogen Cost Daily Review] July 22, 2026

I. Coal to Hydrogen

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

Hebei coke transaction range [1660-1660], average hydrogen cost is [1.56 yuan/m³]

Shanxi coke transaction range [1180-1180], average hydrogen cost is [1.27 yuan/m³]

Henan coke transaction range [1230-1230], average hydrogen cost is [1.26 yuan/m³]

II. Natural Gas to Hydrogen

East Guangdong natural gas transaction range [6080-6080], average hydrogen cost is [2.79 yuan/m³]

Guangxi natural gas transaction range [5850-6380], average hydrogen cost is [2.79 yuan/m³]

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

Hebei natural gas transaction range [5498-5925], average hydrogen cost is [2.66 yuan/m³]

Shandong natural gas transaction range [5665-6240], average hydrogen cost is [2.77 yuan/m³]

Pearl River Delta natural gas transaction range [6090-6090], average hydrogen cost is [2.83 yuan/m³]

Hubei natural gas transaction range [5750-5870], average hydrogen cost is [2.71 yuan/m³]

Henan natural gas transaction range [5560-5770], average hydrogen cost is [2.66 yuan/m³]

Guizhou natural gas transaction range [5770-5950], average hydrogen cost is [2.72 yuan/m³]

Sichuan natural gas transaction range [5485-5710], average hydrogen cost is [2.63 yuan/m³]

Zhejiang natural gas transaction range [6180-6600], average hydrogen cost is [2.93 yuan/m³]

Inner Mongolia natural gas transaction range [5460-5760], average hydrogen cost is [2.56 yuan/m³]

Heilongjiang natural gas transaction range [5560-5900], average hydrogen cost is [2.66 yuan/m³]

III. Propane to Hydrogen

Northeast propane transaction range [5010-5400], average hydrogen cost is [3.05 yuan/m³]

East China propane transaction range [5680-6190], average hydrogen cost is [3.42 yuan/m³]

Shandong propane transaction range [6142-6182], average hydrogen cost is [3.55 yuan/m³]

South China propane transaction range [5990-6200], average hydrogen cost is [3.49 yuan/m³]

IV. Methanol to Hydrogen

Northeast methanol transaction range [2630-2680], average hydrogen cost is [2.36 yuan/m³]

East China methanol transaction range [2580-2815], average hydrogen cost is [2.39 yuan/m³]

Central China methanol transaction range [2450-2760], average hydrogen cost is [2.36 yuan/m³]

North China methanol transaction range [2360-2600], average hydrogen cost is [2.21 yuan/m³]

South China methanol transaction range [2720-2730], average hydrogen cost is [2.40 yuan/m³]

Northwest methanol transaction range [2020-2380], average hydrogen cost is [2.02 yuan/m³]

Southwest methanol transaction range [2530-2760], average hydrogen cost is [2.39 yuan/m³]