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[SMM Hydrogen Cost Daily Review] 20251202

  • Dec 03, 2025, at 9:13 am

I. Hydrogen Production from Coal

The transaction range for coke in Shandong was [1,720-1,720], with the average hydrogen cost at [1.6 yuan/m³].

The transaction range for coke in Hebei was [1,400-1,400], with the average hydrogen cost at [1.4 yuan/m³].

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

The transaction range for coke in Henan was [1,020-1,020], with the average hydrogen cost at [1.08 yuan/m³].

II. Hydrogen Production from Natural Gas

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

The transaction range for natural gas in Guangxi was [4,200-4,510], with the average hydrogen cost at [2.07 yuan/m³].

The transaction range for natural gas in Shanxi was [4,020-4,240], with the average hydrogen cost at [1.99 yuan/m³].

The transaction range for natural gas in Hebei was [4,220-4,460], with the average hydrogen cost at [2.1 yuan/m³].

The transaction range for natural gas in Shandong was [4,430-4,670], with the average hydrogen cost at [1.97 yuan/m³].

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

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

The transaction range for natural gas in Henan was [4,220-4,320], with the average hydrogen cost at [1.85 yuan/m³].

The transaction range for natural gas in Guizhou was [4,260-4,500], with the average hydrogen cost at [1.9 yuan/m³].

The transaction range for natural gas in Sichuan was [4,020-4,360], with the average hydrogen cost at [1.83 yuan/m³].

The transaction range for natural gas in Zhejiang was [4,350-4,740], with the average hydrogen cost at [1.96 yuan/m³].

The transaction range for natural gas in Inner Mongolia was [4,430-4,300], with the average hydrogen cost at [1.81 yuan/m³].

The transaction range for natural gas in Heilongjiang was [4,340-4,570], with the average hydrogen cost at [1.94 yuan/m³].

III. Hydrogen Production from Propane

The transaction range for propylene oxide in northeast China was [3,950-4,510], with the average hydrogen cost at [2.57 yuan/m³].

The transaction range for propylene oxide in east China was [4,500-4,600], with the average hydrogen cost at [2.73 yuan/m³].

The transaction range for propylene oxide in Shandong was [4,560-4,810], with the average hydrogen cost at [2.81 yuan/m³].

The transaction range for propylene oxide in south China was [4,770-4,810], with the average hydrogen cost at [2.84 yuan/m³].

IV. Hydrogen Production from Methanol

In Northeast China, the methanol transaction range was [2,420-2,440] yuan, with an average hydrogen cost of [2.21 yuan/m³].

In East China, the methanol transaction range was [2,140-2,340] yuan, with an average hydrogen cost of [2.1 yuan/m³].

In Central China, the methanol transaction range was [2,140-2,270] yuan, with an average hydrogen cost of [2.11 yuan/m³].

In North China, the methanol transaction range was [2,050-2,140] yuan, with an average hydrogen cost of [1.97 yuan/m³].

In South China, the methanol transaction range was [2,120-2,140] yuan, with an average hydrogen cost of [1.59 yuan/m³].

In Northwest China, the methanol transaction range was [1,550-2,080] yuan, with an average hydrogen cost of [1.38 yuan/m³].

In Southwest China, the methanol transaction range was [1,870-2,180] yuan, with an average hydrogen cost of [1.52 yuan/m³].

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