Platts proposes changes to CFR India sulfur assessments from May 8

Platts, part of S&P Global Commodity Insights, is proposing a suite of changes to the CFR India sulfur assessments, effective May 8.

The changes would refine the methodology and add granularity to the Platts sulfur coverage in India and are summarized below:

1. Launch of CFR India West Coast and CFR India East Coast sulfur assessments
2. Change in the methodology for the CFR India weekly assessment (FSSIA04)

Launch of CFR India West Coast, CFR India East Coast sulfur assessments

Platts is proposing to launch two single-number sulfur assessments -- CFR India West Coast sulfur and CFR India East Coast sulfur -- effective May 8.

The detailed specifications for the proposed assessments are as follows:

Information regarding different locations, cargo sizes and timing may be considered and normalized, where necessary, to align with the standard specifications listed above.

Change in methodology for CFR India weekly assessment (FSSIA04)

Simultaneously, Platts would change the methodology for its existing granular sulfur CFR India weekly range assessment, effective May 8.

The assessment would reflect the granular sulfur CFR India price, with the range derived from the two new assessments outlined above rather than being assessed in its own right. No other market information would be taken into account.

For example, if CFR India West Coast is assessed at $100/mt and CFR India East Coast at $110/mt, then sulfur CFR India would be calculated as a range of $100-$110/mt.

Please submit any feedback, comments or questions to fertilizer@spglobal.com and pricegroup@spglobal.com by April 2.

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