Fertilizers

February 27, 2025

Platts moves MOC timestamp for FOB Australia phosphate assessment

Platts, part of S&P Global Commodity Insights, has changed the timestamp of the weekly FOB Australia phosphate assessment to 1630 Penang time from 1630 London time, effective Feb. 27.

The said change has been initiated in order to better represent trading activity in the Asian fertilizer markets.

The proposal was first published Jan. 15, followed by the decision published on Jan. 30 and subsequently amended on Feb. 14.

The change applies to the following weekly assessment:

Diammonium Phosphate FOB Australia $/mt Wkly (FDPBI04)

The assessment appears in the Phosphate Market Report and is available via Platts Connect with a 1630 Thursday Penang timestamp.

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

As part of this decision, the assessment now follows a Penang publication calendar, moving from a London publication calendar. Further information on Platts pricing publication schedule can be found here.

As of Feb. 27, bids, offers, trades, and indicative values are considered for the assessment if received before the 1630 Penang time cut-off.

If the weekly publication day falls on public holidays in Penang, the Asia assessments will be published the preceding working day.

For example, the Phosphate Market Report is published on Thursdays.

As May 1, 2025, is a Thursday and a public holiday in Penang, the Australia phosphate assessment and commentary will be produced and published on Platts Connect and the Connect Data Browser on April 30.

They would appear in the weekly Phosphate Market Report, published on May 1, alongside EMEA and Americas content generated on May 1.

Please send any feedback, 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.