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[SMM Hydrogen Cost Daily Review] 20251020

  • Oct 21, 2025, at 5:15 pm

I. Coal-Based Hydrogen Production

In Shandong, the transaction range for anthracite was [1,640-1,640] yuan, and the average hydrogen cost was [1.54 yuan/m³].

In Hebei, the transaction range for anthracite was [1,380-1,380] yuan, and the average hydrogen cost was [1.41 yuan/m³].

In Shanxi, the transaction range for anthracite was [900-900] yuan, and the average hydrogen cost was [0.97 yuan/m³].

In Henan, the transaction range for anthracite was [940-940] yuan, and the average hydrogen cost was [1.04 yuan/m³].

II. Natural Gas-Based Hydrogen Production

In eastern Guangdong, the transaction range for natural gas was [4,090-4,100] yuan, and the average hydrogen cost was [1.98 yuan/m³].

In Guangxi, the transaction range for natural gas was [3,980-4,320] yuan, and the average hydrogen cost was [1.99 yuan/m³].

In Shanxi, the transaction range for natural gas was [3,790-4,060] yuan, and the average hydrogen cost was [1.91 yuan/m³].

In Hebei, the transaction range for natural gas was [3,976-4,210] yuan, and the average hydrogen cost was [2 yuan/m³].

In Shandong, the transaction range for natural gas was [4,170-4,260] yuan, and the average hydrogen cost was [1.83 yuan/m³].

In the Pearl River Delta, the transaction range for natural gas was [4,110-4,120] yuan, and the average hydrogen cost was [1.79 yuan/m³].

In Hubei, the transaction range for natural gas was [4,020-4,270] yuan, and the average hydrogen cost was [1.8 yuan/m³].

In Henan, the transaction range for natural gas was [4,060-4,200] yuan, and the average hydrogen cost was [1.79 yuan/m³].

In Guizhou, the transaction range for natural gas was [3,970-4,220] yuan, and the average hydrogen cost was [1.78 yuan/m³].

In Sichuan, the transaction range for natural gas was [3,780-4,104] yuan, and the average hydrogen cost was [1.72 yuan/m³].

In Zhejiang, the transaction range for natural gas was [4,210-4,500] yuan, and the average hydrogen cost was [1.89 yuan/m³].

In Inner Mongolia, the transaction range for natural gas was [3,910-4,120] yuan, and the average hydrogen cost was [1.75 yuan/m³].

In Heilongjiang, the transaction range for natural gas was [4,240-4,500] yuan, and the average hydrogen cost was [1.89 yuan/m³].

III. Propane-Based Hydrogen Production

In northeast China, the transaction range for propane was [4,420-4,660] yuan, and the average hydrogen cost was [2.72 yuan/m³].

In east China, the transaction range for propane was [4,540-4,620] yuan, and the average hydrogen cost was [2.74 yuan/m³].

In Shandong, the transaction range for propane was [4,420-4,620] yuan, and the average hydrogen cost was [2.73 yuan/m³].

In south China, the transaction range for propane was [4,560-4,600] yuan, and the average hydrogen cost was [2.74 yuan/m³].

IV. Hydrogen Production from Methanol

In Northeast China, the methanol transaction range was [2,460-2,480 yuan], with an average hydrogen cost of [2.24 yuan/m³].

In East China, the methanol transaction range was [2,280-2,310 yuan], with an average hydrogen cost of [2.13 yuan/m³].

In Central China, the methanol transaction range was [2,170-2,420 yuan], with an average hydrogen cost of [2.16 yuan/m³].

In North China, the methanol transaction range was [2,110-2,260 yuan], with an average hydrogen cost of [2.03 yuan/m³].

In South China, the methanol transaction range was [2,280-2,280 yuan], with an average hydrogen cost of [1.68 yuan/m³].

In Northwest China, the methanol transaction range was [1,640-2,090 yuan], with an average hydrogen cost of [1.42 yuan/m³].

In Southwest China, the methanol transaction range was [2,030-2,320 yuan], with an average hydrogen cost of [1.61 yuan/m³].

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