Platts proposes to launch monthly averages for existing daily, weekly ammonia assessments

Platts, part of S&P Global Commodity Insights, is proposing to launch monthly averages for its existing daily and weekly ammonia price assessments, effective May 16, 2024.

The monthly average of the daily prices would be calculated as the mean of the daily assessments published during any given calendar month.

For the weekly assessments, which are published in the form of a "low/high" range, three numbers would be calculated: the monthly average of the weekly highs, the monthly average of the weekly lows, and the monthly average of the weekly midpoints between the lows and highs.

This proposal follows feedback that the publication of monthly averages would be complementary to market practice of employing averages for contract settlement.

The monthly averages would appear on Platts Connect, and in the weekly Ammonia Market Report.

Please send any feedback, questions and comments to Fertilizer@spglobal.com, and PriceGroup@spglobal.com by April 17, 2024.

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.