Platts proposes to launch four sulphuric acid freight assessments

Platts, part of S&P Global Commodity Insights, proposes to launch four new weekly sulphuric acid freight assessments, effective May 22, 2024.

Freight rates can make up a significant portion of CFR sulphuric acid prices. These proposed assessments cover four common trade routes and will provide greater transparency to market freight rates.

The assessments would cover the following routes:

Northeast Asia-Southeast Asia

Northeast Asia- Chile

West Europe-Brazil

West Europe-North Africa

Details of the proposed Northeast Asia-Southeast Asia sulphuric acid freight assessment are as follows:

Sulphuric Acid Northeast Asia -Southeast Asia 10kt $/ mt

Cargo Size: 10,000 – 20,000 mt; basis 10,000 mt

Load port : Basis Zhangjiagang port. Cargoes loading at other Northeast Asia ports, including Fangcheng , Qinzhou, Putian , Longkou, Lanshan , Laizhou, Nantong, Sagonoseki , Niihama, Hibi, Onahama , Ulsan and Onsan will also be considered and normalized to Zhangjiagang port basis for assessment purposes.

Disport: Basis Bahodopi port. Cargo arriving at other Southeast Asian ports, including Obi Island, Weda Bay, Haiphong, Phumy, Kuantan, Kemaman, Map Ta Phut, Rio Tuba and Surigao will also be considered and normalized to Bahodopi port for assessment purposes.

Timing: Product to be loaded between two to four weeks forward

Frequency: Weekly

Appears in: Fertecon Sulphuric Acid Market Report

Unit of assessment: USD per mt

Timestamp: 1630 Penang close, follows the Penang publishing calendar

Details of the proposed Northeast Asia – Chile sulphuric acid freight assessment are as follows:

Sulphuric Acid Northeast Asia – Chile 30 kt $/ mt

Cargo Size: 20,000-30,000 mt; basis 30,000 mt

Load port : Basis Zhangjiagang port. Cargoes loading at other Northeast Asia ports, including Fangcheng, Qinzhou, Putian, Longkou, Lanshan, Laizhou, Nantong, Sagonoseki , Niihama, Hibi, Onahama, Ulsan and Onsan will also be considered and normalized to Zhangjiagang port basis for assessment purposes.

Disport: Basis Mejillones port

Timing: Product to be loaded between two to four weeks forward

Frequency: Weekly

Appears in: Fertecon Sulphuric Acid Market Report

Unit of assessment: USD per mt

Timestamp: 1630 Penang close, follows the Penang publishing calendar

Details of the proposed West Europe-Brazil sulphuric acid freight assessment are as follows:

Sulphuric Acid West Europe – Brazil 18 kt $/mt

Cargo Size: 18,000-22,000 mt; basis 18,000 mt

Load port : Basis Antwerp port. Cargoes loading at other West Europe ports, including Pori, Hamburg, Nordenham, Szczecin, Huelva, Aviles and Skelleftea will also be considered and normalized to Antwerp port basis for assessment purposes.

Disport: Basis Aratu port. Cargoes arriving at other Brazilian ports including Rio Grande will also be considered and normalized to Aratu port basis for assessment purposes.

Timing: Product to be loaded between two to four weeks forward

Frequency: Weekly

Appears in: Fertecon Sulphuric Acid Market Report

Unit of assessment: USD per mt

Timestamp: 1630 London close, follows the London publishing calendar

Details of the proposed West Europe-North Africa sulphuric acid freight assessment are as follows:

Sulphuric Acid West Europe – North Africa 20 kt $/mt

Cargo Size: 18,000-22,000 mt; basis 20,000 mt

Load port : Basis Antwerp port. Cargoes loading at other West Europe ports, including Pori, Hamburg, Nordenham, Szczecin, Huelva, Aviles and Skelleftea, will also be considered and normalized to Antwerp port basis for assessment purposes.

Disport: Basis Jorf Lasfar port. Cargoes arriving at other North African ports, including Safi, will also be considered and normalized to Jorf Lasfar port basis for assessment purposes.

Timing: Product to be loaded between two to four weeks forward

Frequency: Weekly

Appears in: Fertecon Sulphuric Acid Market Report

Unit of assessment: USD per mt

Timestamp: 1630 London close, follows the London publishing calendar

The four proposed assessments will be published weekly on Wednesdays.

Please submit any feedback, comments or questions about this proposal to: fertilizer@spglobal.com and pricegroup@spglobal.com by April 24, 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.