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[SMM Hydrogen Cost Daily Review] 20251107

  • Nov 10, 2025, at 5:15 pm

I. Coal-Based Hydrogen Production

The transaction range for Shandong anthracite was [1,640-1,640], with an average hydrogen cost of [1.55 yuan/m³].

The transaction range for Hebei anthracite was [1,380-1,380], with an average hydrogen cost of [1.42 yuan/m³].

The transaction range for Shanxi anthracite was [900-900], with an average hydrogen cost of [0.97 yuan/m³].

The transaction range for Henan anthracite was [940-940], with an average hydrogen cost of [1.04 yuan/m³].

II. Natural Gas-Based Hydrogen Production

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

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

The transaction range for natural gas in Shanxi was [4,330-4,430], with an average hydrogen cost of [2.09 yuan/m³].

The transaction range for natural gas in Hebei was [4,458-4,705], with an average hydrogen cost of [2.20 yuan/m³].

The transaction range for natural gas in Shandong was [4,540-4,720], with an average hydrogen cost of [2.00 yuan/m³].

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

The transaction range for natural gas in Hubei was [4,260-4,530], with an average hydrogen cost of [1.90 yuan/m³].

The transaction range for natural gas in Henan was [4,390-4,560], with an average hydrogen cost of [1.94 yuan/m³].

The transaction range for natural gas in Guizhou was [4,230-4,420], with an average hydrogen cost of [1.87 yuan/m³].

The transaction range for natural gas in Sichuan was [4,040-4,396], with an average hydrogen cost of [1.83 yuan/m³].

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

The transaction range for natural gas in Inner Mongolia was [4,280-4,610], with an average hydrogen cost of [1.92 yuan/m³].

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

III. Propane-Based Hydrogen Production

The transaction range for propane in northeast China was [4,030-4,460], with an average hydrogen cost of [2.57 yuan/m³].

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

The transaction range for propane in Shandong was [4,540-4,750], with an average hydrogen cost of [2.79 yuan/m³].

The transaction range for propane in south China was [4,600-4,650], with an average hydrogen cost of [2.76 yuan/m³].

IV. Hydrogen Production from Methanol

In Northeast China, the methanol transaction range was [2,360-2,420], and the average hydrogen cost was [2.19 yuan/m³]

In East China, the methanol transaction range was [2,095-2,260], and the average hydrogen cost was [2.06 yuan/m³]

In Central China, the methanol transaction range was [2,040-2,290], and the average hydrogen cost was [2.08 yuan/m³]

In North China, the methanol transaction range was [2,000-2,230], and the average hydrogen cost was [1.98 yuan/m³]

In South China, the methanol transaction range was [2,090-2,110], and the average hydrogen cost was [2 yuan/m³]

In Northwest China, the methanol transaction range was [1,580-2,090], and the average hydrogen cost was [1.78 yuan/m³]

In Southwest China, the methanol transaction range was [1,870-2,230], and the average hydrogen cost was [2.01 yuan/m³]

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