Agriculture, Fertilizers, Chemicals, Pesticides
April 16, 2025
Platts to launch Asia potash assessments; refine CFR SE Asia assessment May 20
HIGHLIGHTS
Platts, part of S&P Global Commodity Insights, will launch a series of Asia potash assessments effective May 20, 2025.
The new assessments will be CFR Malaysia, CFR Vietnam and CFR Thailand for granular muriate of potash and CFR Malaysia and CFR Philippines for standard muriate of potash.
Additionally, Platts will refine its methodology for the current CFR Southeast Asia SMOP and GMOP weekly range assessment (FKCII04 andFKCIS04), also effective May 20, 2025. Platts originally proposed this change on April 3 here.
The decision will provide additional granularity to Platts CFR SMOP and GMOP coverage in the SE Asia region.
Detailed specifications for the assessments are as follows:
Granular MOP:
| Assessment name | GMOP CFR Malaysia | GMOP CFR Vietnam | GMOP CFR Thailand |
| Quality | Granular | Granular | Granular |
| Potassium (K2O by weight) | Min. 60% | Min. 60% | Min. 60% |
| Moisture (% by weight) | Less than 0.5% | Less than 0.5% | Less than 0.5% |
| Quantity | Cargo size of 30,000 mt | Cargo size of 30,000 mt | Cargo size of 30,000 mt |
| Location | CFR Malaysia, basis Port Klang | CFR Vietnam, basis Phu My port | CFR Thailand , basis Laem Chabang Port |
| Delivery | 45-60 days forward from the date of publication | 45-60 days forward from the date of publication | 45-60 days forward from the date of publication |
| Frequency | Weekly, every Tuesday, 16:30 Penang time stamp | Weekly, every Tuesday, 16:30 Penang time stamp | Weekly, every Tuesday, 16:30 Penang time stamp |
| Unit of assessment | $/mt | $/mt | $/mt |
Standard MOP:
| Assessment name | SMOP CFR Malaysia | SMOP CFR Philippines |
| Quality | Powder (Standard) | Powder (Standard) |
| Potassium (K2O by weight) | Min. 60% | Min. 60% |
| Moisture (% by weight) | Less than 0.5% | Less than 0.5% |
| Quantity | Cargo size of 30,000 mt | Cargo size of 30,000 mt |
| Location | CFR Malaysia, basis Port Klang | CFR Philippines, basis Subic Bay Port |
| Delivery | 45-60 days forward from the date of publication | 60-75 days forward from the date of publication |
| Frequency | Weekly, every Tuesday, 16:30 Penang time stamp | Weekly, every Tuesday, 16:30 Penang time stamp |
| Unit of assessment | $/mt | $/mt |
Price information for other related markets may be normalized and used for assessment purposes where possible.
Change in methodology for SE Asia SMOP & GMOP weekly range assessments (FKCII04 & FKCIS04)
Platts will change the methodology for its existing CFR SE Asia SMOP (FKCII04 ) and CFR SE Asia GMOP (FKCIS04) weekly range assessments, effective May 20, 2025.
These assessments above will represent the CFR SE Asia SMOP and GMOP price, respectively, with the ranges derived from the new SMOP and GMOP assessments outlined above rather than being assessed in their own right. No new market information will be considered for assessment of the range.
For example, if CFR Malaysia SMOP was assessed at $290/mt CFR and the CFR Philippines SMOP at $320/mt on a given date, then CFR SE Asia SMOP would be reflected as a range of $290-$320/mt. The same applies to GMOP, where the three new assessments outlined above would be utilized to determine the CFR SE Asia GMOP range.
Please submit any feedback, comments or questions about this decision 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.