Our Price Explained
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What are Platts Low Carbon Ammonia Price Assessments?
What are Platts Low Carbon Ammonia Price Assessments?
From low-carbon production pathways, ammonia is a crucial component of the energy transition, both as a carrier of hydrogen and as a low-carbon fuel for in power generation or bunkering. The Japanese and Korean markets are expected to emerge as a key region for importers of green ammonia following the introduction of Contract for Difference (CFD) schemes in Korea in 2023 and Japan in 2024. The Japan-Korea Low-carbon ammonia price assessment (JKAP) covers low-carbon ammonia shipments below 40g CO2eq/MJ ammonia, while our carbon intensity escalators for Korea and Japan can be used to normalize bids, offers and trades of ammonia with a CI below the 40gCO2e/MJ JKAP threshold.
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How do we assess Platts Low Carbon Ammonia Price?
How do we assess Platts Low Carbon Ammonia Price?
S&P Global Commodity Insights assesses Low-Carbon Ammonia Assessments following a thorough methodology.
The assessments are compiled using market data collected from active market participants (including traders, brokers, utilities etc.) contacted on a daily basis. This information is then published as 'market heards' via our real-time services. These market heards contain as many details as possible about the bids, offers and trades but also any other type of market information that might interest the market. These market heards are published in order to ensure market participants can react to, and scrutinize, market information being considered in the assessment process.
For more details about our JKAP standards please refer to the Fertecon Specifications Guide.