[SMM Hydrogen Cost] 20260311

Published: Mar 11, 2026 09:25

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]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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[SMM Hydrogen Cost] 20260311 - Shanghai Metals Market (SMM)