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[SMM Hydrogen Cost Daily Review] 20251231

  • Jan 05, 2026, at 9:11 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 [1,430-1,430], and the average hydrogen cost was [1.37 yuan/m³].
The transaction range for coke in Shanxi was [950-950], and the average hydrogen cost was [0.99 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 East Guangdong was [4,130-4,160], and the average hydrogen cost was [2 yuan/m³].
The transaction range for natural gas in Guangxi was [3,820-4,390], and the average hydrogen cost was [1.97 yuan/m³].
The transaction range for natural gas in Shanxi was [3,390-3,830], and the average hydrogen cost was [1.78 yuan/m³].
The transaction range for natural gas in Hebei was [3,560-3,800], and the average hydrogen cost was [1.83 yuan/m³].
The transaction range for natural gas in Shandong was [3,740-3,980], and the average hydrogen cost was [1.68 yuan/m³].
The transaction range for natural gas in the Pearl River Delta was [4,150-4,150], and the average hydrogen cost was [1.8 yuan/m³].
The transaction range for natural gas in Hubei was [3,890-4,190], and the average hydrogen cost was [1.76 yuan/m³].
The transaction range for natural gas in Henan was [3,720-4,030], and the average hydrogen cost was [1.69 yuan/m³].
The transaction range for natural gas in Guizhou was [3,880-4,290], and the average hydrogen cost was [1.78 yuan/m³].
The transaction range for natural gas in Sichuan was [3,390-4,215], and the average hydrogen cost was [1.76 yuan/m³].
The transaction range for natural gas in Zhejiang was [4,030-4,270], and the average hydrogen cost was [1.8 yuan/m³].
The transaction range for natural gas in Inner Mongolia was [3,740-3,800], and the average hydrogen cost was [1.57 yuan/m³].
The transaction range for natural gas in Heilongjiang was [4,150-4,300], and the average hydrogen cost was [1.8 yuan/m³].

III. Propane-to-Hydrogen
The transaction range for propylene oxide in Northeast China was [4,030-4,450], and the average hydrogen cost was [2.57 yuan/m³].
The transaction range for propylene oxide in East China was [4,590-4,710], and the average hydrogen cost was [2.78 yuan/m³].
The transaction range for propylene oxide in Shandong was [4,600-4,930], and the average hydrogen cost was [2.85 yuan/m³].
The transaction range for propylene oxide in South China was [4,720-4,820], and the average hydrogen cost was [2.83 yuan/m³].

IV. Methanol-to-Hydrogen
The transaction range for methanol in Northeast China was [2,230-2,250], with the average hydrogen cost at [2.09 yuan/m³]
The transaction range for methanol in East China was [2,190-2,260], with the average hydrogen cost at [2.09 yuan/m³]
The transaction range for methanol in Central China was [2,065-2,270], with the average hydrogen cost at [2.08 yuan/m³]
The transaction range for methanol in North China was [1,940-2,130], with the average hydrogen cost at [1.93 yuan/m³]
The transaction range for methanol in South China was [2,190-2,230], with the average hydrogen cost at [1.64 yuan/m³]
The transaction range for methanol in Northwest China was [1,470-2,000], with the average hydrogen cost at [1.33 yuan/m³]
The transaction range for methanol in Southwest China was [1,970-2,270], with the average hydrogen cost at [1.58 yuan/m³]

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