Fertilizers, Chemicals, Energy Transition, Renewables
April 25, 2025
Platts proposes to launch daily CFR India ammonia assessments, refine weekly CFR India ammonia assessment, adjust weekly CFR India ammonia specifications
HIGHLIGHTS
Platts, part of S&P Global Commodity Insights, is proposing the launch of daily ammonia assessments for CFR west and east coast India, along with adjustments to the specifications of the established weekly CFR India (FAICA04) ammonia assessment, effective June 27, 2025.
In an effort to provide a more granular view of the world's largest import market for ammonia, Platts is proposing the launch of a daily single number assessment for ammonia CFR East Coast India and CFR West Coast India.
The specifications of the proposed daily assessments are detailed below:
| Assessment name | CFR West Coast India | CFR East Coast India |
| Quality | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around -33 degree Celsius, with no restrictions on carbon intensity | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around -33 degree Celsius, with no restrictions on carbon intensity |
| Quantity | Basis 25,000 mt | Basis 25,000 mt |
| Basis and location | Spot. Basis location Kandla | Spot. Basis location Paradeep |
| Timing | Delivery one to six weeks forward | Delivery one to six weeks forward |
| Frequency | Daily | Daily |
| Appears in | Fertecon Daily | Fertecon Daily |
| Unit of measurement | $/mt | $/mt |
| Timestamp | 16:30 London close, published according to the London publishing calendar | 16:30 London close, published according to the London publishing calendar |
It is also proposed that the specifications of the existing weekly CFR India ammonia assessment (FAICA04) are adjusted to align with those of the proposed daily CFR East Coast India and CFR West Coast India ammonia assessments.
Under this alignment, the contract element of the weekly CFR India assessment would be removed, and the quantity specification would be narrowed to a basis of 25,000 mt.
In addition, Platts would standardize the relationship between the proposed daily single-number assessments and the established weekly CFR India low-high assessment. The weekly CFR India assessment is currently published as a range with a low and high value. Under this proposal, the weekly range would consistently reflect the lowest and highest of the daily CFR East Coast India and CFR West Coast India assessments published over the preceding week.
The proposed adjustments to the specifications of the established weekly CFR India assessment are detailed below:
| Current | Proposed | |
| Assessment name | CFR India (FAICA04) | CFR India (FAICA04) |
| Quality | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around -33 degree Celsius | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around -33 degree Celsius, with no restrictions on carbon intensity |
| Quantity | Minimum 4,000 mt | Basis 25,000 mt |
| Basis and location | Contract and spot. Countries covered: India. The assessment covers deliveries to both west and east coasts. Discharge ports: All ammonia-importing ports/terminals in India. Published prices include known/reported CFR prices obtained from suppliers/buyers/traders. The price range is represented by a mix of spot CFR prices at the time of purchase, tender results at the time of award (not the time of shipment), as well as prices of the most recent cargoes delivered to India. | Spot. Basis locations Kandla and Paradeep. The weekly CFR India range assessment reflects the lowest and the highest of the daily CFR West Coast India and CFR East Coast India assessments published over the course of the preceding week. |
| Timing | Product to be shipped up to six weeks forward | Delivery one to six weeks forward |
| Frequency | Weekly | Weekly |
| Appears in | Ammonia Market Report | Ammonia Market Report |
| Unit of measurement | $/mt | $/mt |
| Timestamp | 16:30 London close, published according to the London publishing calendar | 16:30 London close, published according to the London publishing calendar |
The proposed daily CFR East Coast India and CFR West Coast India ammonia assessments would appear in the Platts Fertecon Daily PDF and also be available via Platts Connect.
The established weekly CFR India range assessment would continue to appear in the Ammonia Market Report each Thursday and also be available via Platts Connect.
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