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[SMM Hydrogen Cost Daily Review] 20251217

  • Dec 18, 2025, at 9:25 am

 

 

I. Coal-to-Hydrogen
The transaction range for coke in Shandong was [1,720-1,720], and the average hydrogen cost was [1.6 yuan/m³].

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

The transaction range for coke in Shanxi was [920-920], and the average hydrogen cost was [1 yuan/m³].

The transaction range for coke in Henan was [1,020-1,020], and the average hydrogen cost was [1.07 yuan/m³].

II. Natural Gas-to-Hydrogen

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

The transaction range for natural gas in Guangxi was [4,070-4,320], and the average hydrogen cost was [2.01 yuan/m³].

The transaction range for natural gas in Shanxi was [3,680-4,060], and the average hydrogen cost was [1.88 yuan/m³].

The transaction range for natural gas in Hebei was [3,802-4,130], and the average hydrogen cost was [1.95 yuan/m³].

The transaction range for natural gas in Shandong was [4,240-4,420], and the average hydrogen cost was [1.88 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 [3,950-4,220], and the average hydrogen cost was [1.78 yuan/m³].

The transaction range for natural gas in Henan was [3,980-4,200], and the average hydrogen cost was [1.78 yuan/m³].

The transaction range for natural gas in Guizhou was [4,040-4,220], and the average hydrogen cost was [1.79 yuan/m³].

The transaction range for natural gas in Sichuan was [3,680-4,165], and the average hydrogen cost was [1.74 yuan/m³].

The transaction range for natural gas in Zhejiang was [4,180-4,550], and the average hydrogen cost was [1.89 yuan/m³].

The transaction range for natural gas in Inner Mongolia was [4,240-4,010], and the average hydrogen cost was [1.67 yuan/m³].

The transaction range for natural gas in Heilongjiang was [4,340-4,300], and the average hydrogen cost was [1.83 yuan/m³].

III. Propane-to-Hydrogen

The transaction range for propylene oxide in the Northeast was [4,040-4,500], and the average hydrogen cost was [2.59 yuan/m³].

The transaction range for propylene oxide in East China was [4,600-4,670], and the average hydrogen cost was [2.77 yuan/m³].

The transaction range for propylene oxide in Shandong was [4,610-4,880], and the average hydrogen cost was [2.84 yuan/m³].

The transaction range for propylene oxide in South China was [4,580-4,710], and the average hydrogen cost was [2.77 yuan/m³].

IV. Hydrogen Production from Methanol

In northeast China, the methanol transaction range was [2,250-2,270], and the average hydrogen cost was [2.1 yuan/m³]

In east China, the methanol transaction range was [2,140-2,310], and the average hydrogen cost was [2.09 yuan/m³]

In central China, the methanol transaction range was [2,135-2,290], and the average hydrogen cost was [2.11 yuan/m³]

In north China, the methanol transaction range was [2,040-2,190], and the average hydrogen cost was [1.98 yuan/m³]

In south China, the methanol transaction range was [2,110-2,120], and the average hydrogen cost was [1.58 yuan/m³]

In northwest China, the methanol transaction range was [1,920-2,090], and the average hydrogen cost was [1.51 yuan/m³]

In southwest China, the methanol transaction range was [1,980-2,250], and the average hydrogen cost was [1.58 yuan/m³]

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