[SMM Hydrogen Cost] 20260311

I. Coal-to-Hydrogen

Shandong anthracite transaction range [1,710-1,710], average hydrogen cost [1.58 yuan/m³]

Shanxi anthracite transaction range [910-910], average hydrogen cost [0.96 yuan/m³]

Hebei anthracite transaction range [1,390-1,390], average hydrogen cost [1.33 yuan/m³]

Henan anthracite transaction range [1,010-1,010], average hydrogen cost [1.05 yuan/m³]

II. Natural Gas-to-Hydrogen

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

Zhejiang natural gas transaction range [5,470-5,800], average hydrogen cost [2.62 yuan/m³]

Guangxi natural gas transaction range [5,570-5,990], average hydrogen cost [2.65 yuan/m³]

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

Henan natural gas transaction range [4,540-4,780], average hydrogen cost [2.25 yuan/m³]

Hebei natural gas transaction range [4,610-5,405], average hydrogen cost [2.37 yuan/m³]

Hubei natural gas transaction range [5,060-5,910], average hydrogen cost [2.57 yuan/m³]

Guizhou natural gas transaction range [5,080-5,660], average hydrogen cost [2.52 yuan/m³]

Sichuan natural gas transaction range [5,025-5,325], average hydrogen cost [2.46 yuan/m³]

Shanxi natural gas transaction range [4,500-4,700], average hydrogen cost [2.18 yuan/m³]

Shandong natural gas transaction range [4,840-5,460], average hydrogen cost [2.45 yuan/m³]

Heilongjiang natural gas transaction range [5,990-6,300], average hydrogen cost [2.83 yuan/m³]

Inner Mongolia natural gas transaction range [4,620-4,890], average hydrogen cost [2.21 yuan/m³]

III. Propane-to-Hydrogen

South China propylene oxide transaction range [6,280-6,410], average hydrogen cost [3.62 yuan/m³]

east China propylene oxide transaction range [6,390-7,190], average hydrogen cost [3.84 yuan/m³]

Northeast China propylene oxide transaction range [6,170-6,720], average hydrogen cost [3.67 yuan/m³]

Shandong propylene oxide transaction range [6,790-7,220], average hydrogen cost [3.97 yuan/m³]

IV. Hydrogen Production from Methanol

Methanol transaction range in east China [2,430-2,740], average hydrogen cost [2.32 yuan/m³]

Methanol transaction range in central China [2,300-2,720], average hydrogen cost [2.3 yuan/m³]

Methanol transaction range in north China [2,080-2,680], average hydrogen cost [2.15 yuan/m³]

Methanol transaction range in south China [2,530-2,590], average hydrogen cost [2.29 yuan/m³]

Methanol transaction range in northwest China [2,120-2,370], average hydrogen cost [2.04 yuan/m³]

Methanol transaction range in southwest China [2,240-2,800], average hydrogen cost [2.31 yuan/m³]

Methanol transaction range in northeast China [2,630-2,650], average hydrogen cost [2.35 yuan/m³]