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[SMM Hydrogen Cost Daily Review] 20260105

  • Jan 06, 2026, at 9:11 am

I. Coal-to-Hydrogen

In Shandong, the coke transaction range was [1,690-1,690], and the average hydrogen cost was [1.58 yuan/m³].

In Hebei, the coke transaction range was [1,370-1,370], and the average hydrogen cost was [1.33 yuan/m³].

In Shanxi, the coke transaction range was [890-890], and the average hydrogen cost was [0.95 yuan/m³].

In Henan, the coke transaction range was [990-990], and the average hydrogen cost was [1.04 yuan/m³].

II. Natural Gas-to-Hydrogen

In east Guangdong, the natural gas transaction range was [4,000-4,010], and the average hydrogen cost was [1.95 yuan/m³].

In Guangxi, the natural gas transaction range was [3,920-4,490], and the average hydrogen cost was [2.01 yuan/m³].

In Shanxi, the natural gas transaction range was [3,390-3,830], and the average hydrogen cost was [1.78 yuan/m³].

In Hebei, the natural gas transaction range was [3,502-3,845], and the average hydrogen cost was [1.83 yuan/m³].

In Shandong, the natural gas transaction range was [3,840-4,020], and the average hydrogen cost was [1.71 yuan/m³].

In the Pearl River Delta, the natural gas transaction range was [3,990-4,010], and the average hydrogen cost was [1.74 yuan/m³].

In Hubei, the natural gas transaction range was [3,790-4,000], and the average hydrogen cost was [1.70 yuan/m³].

In Henan, the natural gas transaction range was [3,790-4,050], and the average hydrogen cost was [1.71 yuan/m³].

In Guizhou, the natural gas transaction range was [3,700-4,220], and the average hydrogen cost was [1.73 yuan/m³].

In Sichuan, the natural gas transaction range was [3,390-4,105], and the average hydrogen cost was [1.70 yuan/m³].

In Zhejiang, the natural gas transaction range was [4,030-4,270], and the average hydrogen cost was [1.80 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [3,840-3,710], and the average hydrogen cost was [1.55 yuan/m³].

In Heilongjiang, the natural gas transaction range was [3,990-4,300], and the average hydrogen cost was [1.80 yuan/m³].

III. Propane-to-Hydrogen

In northeast China, the propylene oxide transaction range was [4,090-4,500], and the average hydrogen cost was [2.60 yuan/m³].

In east China, the propylene oxide transaction range was [4,690-4,860], and the average hydrogen cost was [2.84 yuan/m³].

In Shandong, the propylene oxide transaction range was [4,810-5,040], and the average hydrogen cost was [2.93 yuan/m³].

In south China, the propylene oxide transaction range was [5,020-5,100], and the average hydrogen cost was [2.98 yuan/m³].

IV. Hydrogen Production from Methanol

In Northeast China, the methanol transaction range was [2,200-2,220], and the average hydrogen cost was [2.07 yuan/m³].

In East China, the methanol transaction range was [2,200-2,300], and the average hydrogen cost was [2.11 yuan/m³].

In Central China, the methanol transaction range was [2,065-2,270], and the average hydrogen cost was [2.08 yuan/m³].

In North China, the methanol transaction range was [1,960-2,120], and the average hydrogen cost was [1.93 yuan/m³].

In South China, the methanol transaction range was [2,210-2,250], and the average hydrogen cost was [2.08 yuan/m³].

In Northwest China, the methanol transaction range was [1,390-1,850], and the average hydrogen cost was [1.64 yuan/m³].

In Southwest China, the methanol transaction range was [1,980-2,390], and the average hydrogen cost was [2.1 yuan/m³].

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