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[SMM Hydrogen Cost Daily Review] 20251111

  • Nov 12, 2025, at 10:00 am

I. Coal-Based Hydrogen Production

The transaction range for anthracite in Shandong was [1,720-1,720], and the average hydrogen cost was [1.62 yuan/m³].

The transaction range for anthracite in Hebei was [1,400-1,400], and the average hydrogen cost was [1.46 yuan/m³].

The transaction range for anthracite in Shanxi was [920-920], and the average hydrogen cost was [0.97 yuan/m³].

The transaction range for anthracite in Henan was [1,020-1,020], and the average hydrogen cost was [1.1 yuan/m³].

II. Natural Gas-Based Hydrogen Production

The transaction range for natural gas in eastern Guangdong was [4,330-4,340], and the average hydrogen cost was [2.08 yuan/m³].

The transaction range for natural gas in Guangxi was [4,120-4,380], and the average hydrogen cost was [2.03 yuan/m³].

The transaction range for natural gas in Shanxi was [4,210-4,280], and the average hydrogen cost was [2.04 yuan/m³].

The transaction range for natural gas in Hebei was [4,360-4,655], and the average hydrogen cost was [2.17 yuan/m³].

The transaction range for natural gas in Shandong was [4,540-4,720], and the average hydrogen cost was [2 yuan/m³].

The transaction range for natural gas in the Pearl River Delta was [4,340-4,370], and the average hydrogen cost was [1.89 yuan/m³].

The transaction range for natural gas in Hubei was [4,250-4,540], and the average hydrogen cost was [1.9 yuan/m³].

The transaction range for natural gas in Henan was [4,260-4,390], and the average hydrogen cost was [1.87 yuan/m³].

The transaction range for natural gas in Guizhou was [4,270-4,460], and the average hydrogen cost was [1.89 yuan/m³].

The transaction range for natural gas in Sichuan was [4,040-4,400], and the average hydrogen cost was [1.83 yuan/m³].

The transaction range for natural gas in Zhejiang was [4,470-4,700], and the average hydrogen cost was [1.98 yuan/m³].

The transaction range for natural gas in Inner Mongolia was [4,210-4,480], and the average hydrogen cost was [1.88 yuan/m³].

The transaction range for natural gas in Heilongjiang was [4,490-4,590], and the average hydrogen cost was [1.96 yuan/m³].

III. Propane-Based Hydrogen Production

The transaction range for propane in northeast China was [4,000-4,410], and the average hydrogen cost was [2.55 yuan/m³].

The transaction range for propane in east China was [4,480-4,540], and the average hydrogen cost was [2.71 yuan/m³].

The transaction range for propane in Shandong was [4,540-4,680], and the average hydrogen cost was [2.77 yuan/m³].

The transaction range for propane in south China was [4,640-4,680], and the average hydrogen cost was [2.78 yuan/m³].

IV. Hydrogen Production from Methanol

In northeast China, the methanol transaction range was [2,330-2,430 yuan], and the average hydrogen cost was [2.18 yuan/m³].

In east China, the methanol transaction range was [2,075-2,240 yuan], and the average hydrogen cost was [2.05 yuan/m³].

In central China, the methanol transaction range was [2,060-2,260 yuan], and the average hydrogen cost was [2.08 yuan/m³].

In north China, the methanol transaction range was [1,980-2,210 yuan], and the average hydrogen cost was [1.94 yuan/m³].

In south China, the methanol transaction range was [2,070-2,080 yuan], and the average hydrogen cost was [1.55 yuan/m³].

In northwest China, the methanol transaction range was [1,640-2,015 yuan], and the average hydrogen cost was [1.39 yuan/m³].

In southwest China, the methanol transaction range was [1,870-2,230 yuan], and the average hydrogen cost was [1.53 yuan/m³].

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