Platts changes MOC timestamp for several Asia fertilizer assessments

Platts, part of S&P Global Commodity Insights, has changed the timestamps of several of its Asia fertilizer assessments to 4:30 pm Penang time (0830 GMT), from the previous 4:30 pm London time, effective Feb. 22, 2024.

This change is intended to better capture the concentration of trading activity in the Asian fertilizer market.

Details of the changes are as follows:

Fertecon Sulphur assessments

- All Asian assessments will move from 4:30 pm London time to 4:30 pm Penang time

- All Middle Eastern, African, and European assessments will remain at 4:30 pm London time

Fertecon Potash assessments

- All Asia assessments will move from 4:30 pm London time to 4:30 pm Penang time

- All other assessments will remain at 4:30 pm London time

Fertecon Sulphuric Acid assessments

- All Asian assessments will move from 4:30 pm London time to 4:30 pm Penang time

- All Middle Eastern, African, and European assessments will remain at 4:30 pm London time

Fertecon Urea assessments

- All Asian assessments will move from 4:30 pm London time to 4:30 pm Penang time

- All other assessments will remain at 4:30 pm London time

Fertecon Nitrates assessments

- All Asian assessments will move from 4:30 pm London time to 4.30 pm Penang time

- All other assessments will remain at 4:30 pm London time

Fertecon Phosphate assessments

- China assessments will move from 4:30 pm London time to 4:30 pm Penang time

- All other assessments will remain at 4:30 pm London time

Full details of Platts Fertilizer coverage can be found in the Specifications Guide available here:

/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/Fertecon_Specifications.pdf .

This change follows a proposal note published Jan. 10: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/011024-platts-proposes-to-move-moc-timestamp-for-several-asia-fertilizer-assessments .

A decision on the change was published on Jan. 25 in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/012524-platts-to-move-moc-timestamp-for-several-asia-fertilizer-assessments .

As part of this change, Platts Asia fertilizer assessments will also follow a Penang holiday calendar, moving from a London holiday calendar at present. Further information on Platts pricing holiday schedules can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/holiday .

As of Feb. 22, bids, offers, trades and indicative values will only be considered for the assessment if received before the 4:30 pm Penang time cut-off. If the weekly publication day falls on a public holiday in Penang, as defined by the Platts pricing holiday schedule, then the Asia assessments will be published the preceding working day.

For example, the Sulphuric Acid report is published on Wednesdays. As May 1, 2024 is a Wednesday, and a public holiday in Penang, all Asia Sulphuric Acid assessments, commentary and line-ups will be produced and published on Platts Connect and the Connect Data Browser on Tuesday, April 30. They will appear in the weekly Sulphuric Acid report published on Wednesday May 1, alongside EMEA and Americas content generated on Wednesday.

Please send any further questions and comments to Fertilizer@spglobal.com and PriceGroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.