Platts launches CFR Brazil Automotive Grade Urea assessment

Platts, part of S&P Global Commodity Insights, has launched a weekly price assessment for the Brazilian automotive grade urea market, identified by the symbol AGUFF04, effective March 6.

In view of increasing demand for Diesel Exhaust Fluid, or DEF, Platts has launched a weekly spot assessment published on Thursdays of the CFR market for Automotive Grade Urea, or AGU, in Brazil.

The assessment considers market information related to imports of Automotive Grade Urea to the Port of Paranagua, in Parana state, as well as other Brazilian ports, with relevant price information normalized where necessary to a basis location of Paranagua.

The quantity specification for the assessment is 500-2,000 mt, with other volumes normalized where necessary to this point.

The Automotive Grade Urea CFR Brazil assessment is published on an outright basis and considers market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

The assessment appears in the Platts Nitrogen Market Report, and is available via Platts Connect. It is assessed weekly on Thursdays with a 1630 Sao Paulo timestamp and follow s the Sao Paulo publishing calendar.

A summary of the specifications is as follows:

• Assessment Name: Automotive Grade Urea CFR Brazil (AGUFF04)
• Quality: 46.2%-46.3% uncoated prilled urea with a maximum biuret of 0.9%
• Quantity: 500-2,000 mt in containers
• Basis and location: CFR Paranagua, Parana. Other ports in Brazil will be considered and normalized where necessary to Paranagua
• Timing: Deliveries seven to 40 days from the date of publication
• Frequency: Weekly (Thursdays)
• Unit of assessment: US dollars per mt
• Timestamp: 1630 Sao Paulo, following the Sao Paulo publishing calendar

Platts originally proposed the launch of this weekly price assessment for the Brazilian automotive urea market on Jan. 21 in a subscriber note available here. The decision note was published in a subscriber note on Feb. 7, available here.

Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com.

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