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[SMM Hydrogen Cost Daily Review] 20251027

  • Oct 28, 2025, at 5:15 pm

I. Coal-Based Hydrogen Production

The transaction range for Shandong anthracite was [1,640-1,640] yuan, with an average hydrogen cost of [1.55 yuan/m³].

The transaction range for Hebei anthracite was [1,380-1,380] yuan, with an average hydrogen cost of [1.41 yuan/m³].

The transaction range for Shanxi anthracite was [900-900] yuan, with an average hydrogen cost of [0.97 yuan/m³].

The transaction range for Henan anthracite was [940-940] yuan, with an average hydrogen cost of [1.04 yuan/m³].

II. Natural Gas-Based Hydrogen Production

The transaction range for natural gas in eastern Guangdong was [4,190-4,220] yuan, with an average hydrogen cost of [2.03 yuan/m³].

The transaction range for natural gas in Guangxi was [4,170-4,420] yuan, with an average hydrogen cost of [2.05 yuan/m³].

The transaction range for natural gas in Shanxi was [4,490-4,560] yuan, with an average hydrogen cost of [2.15 yuan/m³].

The transaction range for natural gas in Hebei was [4,260-4,615] yuan, with an average hydrogen cost of [2.14 yuan/m³].

The transaction range for natural gas in Shandong was [4,610-4,680] yuan, with an average hydrogen cost of [2.00 yuan/m³].

The transaction range for natural gas in the Pearl River Delta was [4,220-4,220] yuan, with an average hydrogen cost of [1.83 yuan/m³].

The transaction range for natural gas in Hubei was [4,640-4,960] yuan, with an average hydrogen cost of [2.07 yuan/m³].

The transaction range for natural gas in Henan was [4,500-4,690] yuan, with an average hydrogen cost of [1.98 yuan/m³].

The transaction range for natural gas in Guizhou was [4,610-4,880] yuan, with an average hydrogen cost of [2.05 yuan/m³].

The transaction range for natural gas in Sichuan was [4,310-4,780] yuan, with an average hydrogen cost of [1.96 yuan/m³].

The transaction range for natural gas in Zhejiang was [4,350-4,660] yuan, with an average hydrogen cost of [1.95 yuan/m³].

The transaction range for natural gas in Inner Mongolia was [4,110-4,370] yuan, with an average hydrogen cost of [1.84 yuan/m³].

The transaction range for natural gas in Heilongjiang was [4,280-4,540] yuan, with an average hydrogen cost of [1.91 yuan/m³].

III. Propane-Based Hydrogen Production

The transaction range for propane in the northeast was [4,120-4,660] yuan, with an average hydrogen cost of [2.65 yuan/m³].

The transaction range for propane in east China was [4,540-4,620] yuan, with an average hydrogen cost of [2.74 yuan/m³].

The transaction range for propane in Shandong was [4,510-4,780] yuan, with an average hydrogen cost of [2.79 yuan/m³].

The transaction range for propane in the south was [4,570-4,600] yuan, with an average hydrogen cost of [2.74 yuan/m³].

IV. Hydrogen Production from Methanol

In northeast China, the methanol transaction range was [2,420-2,420], and the average hydrogen cost was [2.21 yuan/m³].

In east China, the methanol transaction range was [2,240-2,350], and the average hydrogen cost was [2.13 yuan/m³].

In central China, the methanol transaction range was [2,120-2,370], and the average hydrogen cost was [2.13 yuan/m³].

In north China, the methanol transaction range was [2,100-2,260], and the average hydrogen cost was [2.02 yuan/m³].

In south China, the methanol transaction range was [2,240-2,260], and the average hydrogen cost was [1.66 yuan/m³].

In northwest China, the methanol transaction range was [1,990-2,090], and the average hydrogen cost was [1.53 yuan/m³].

In southwest China, the methanol transaction range was [2,030-2,300], and the average hydrogen cost was [1.61 yuan/m³].

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