Fertilizers, Chemicals, Energy Transition, Renewables
May 12, 2025
Platts proposes changes to daily and weekly CFR Med ammonia assessments; launch daily CFR North Africa ammonia assessment June 27
Platts, part of S&P Global Commodity Insights, is proposing to adjust the specifications of its daily and weekly CFR Med region ammonia assessments and also launch a daily CFR North Africa ammonia assessment, effective June 27, 2025.
The specification changes and assessment launch proposed are intended to more clearly capture the market dynamics of the region, recognizing the differences in origin and volume of spot cargoes delivered to Moroccan and Turkish ports.
It is proposed that a daily CFR North Africa ammonia assessment be launched with a basis location of Jorf Lasfar, Morocco.
The specifications of the proposed CFR North Africa assessment and proposed adjustments to the daily and weekly CFR Med Region assessments are detailed below.
Assessment Name: Ammonia CFR North Africa - daily
Quality: Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 degree Celsius, with no restrictions on carbon intensity
Quantity: Basis 25,000 mt
Basis and location: Spot; Basis port Jorf Lasfar, Morocco
Timing: Product to be delivered one-to-six weeks forward
Frequency: Daily
Appears in: Platts Fertecon Daily
Unit of measurement: $/mt
Timestamp: 16:30 London close, published according to the London publishing calendar
Simultaneously, Platts proposes that the daily CFR Med Region ammonia assessment (FAMMC00) is renamed CFR Turkey, the quantity specification adjusted to 5,000-15,000 mt, and the basis location for the assessment narrowed to Mediterranean sea ports in Turkey.
| Current specifications | Proposed specifications | |
| Assessment name | CFR Med Region - daily ( FAMMC00) | CFR Turkey ( FAMMC00) |
| 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 minus 33 degree Celsius, with no restrictions on carbon intensity |
| Quantity | 5,000-15,000 mt | 15,000 mt |
| Basis and location | Spot; CFR Mediterranean, basis Turkey (assessment excludes Spain/Portugal, but includes all relevant marine ports in Morocco, Tunisia, Italy, Greece, Egypt, Turkey and Bulgaria) | Spot. Basis Mediterranean Sea ports, Turkey |
| Timing | Product to be shipped 1-6 weeks forward. | Product to be delivered 1-6 weeks forward |
| Frequency | Daily | Daily |
| Appears in | Platts Fertecon Daily | Platts 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 |
In addition, Platts also proposes to remove the contract element of the established weekly CFR Med Region assessment (FAMRA04), adjust quantity and location specifications, and standardize the relationship between the weekly CFR Med Region ammonia assessment and the aforementioned daily CFR Turkey & CFR North Africa ammonia assessments.
The weekly CFR Med Region ammonia 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 proposed daily CFR Turkey and CFR North Africa ammonia assessments published over the course of the preceding trading week (Friday to Thursday).
| Current | Proposed | |
| Assessment name | CFR Med Region - weekly ( FAMRA04) | CFR Med Region - weekly ( FAMRA04) |
| Quality | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degree Celsius. | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degree Celsius, with no restrictions on carbon intensity. |
| Quantity | Minimum 4,000 mt | 15,000-25,000 mt |
| Basis and location | Contract and spot. Countries covered: Spain, Portugal, Morocco, Tunisia, Italy, Greece, Egypt, Turkey, and Bulgaria. Discharge ports: All Mediterranean, Atlantic and Black Sea ports in the countries listed above | Spot. Basis locations Mediterranean sea ports, Turkey, and Jorf Lasfar, Morocco. The weekly CFR Med Region range assessment reflects the lowest and the highest of the daily CFR Turkey and CFR North Africa assessments published over the course of the preceding trading week. |
| Timing | Product to be shipped up to six weeks forward | Product to be delivered 1-6 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 North Africa assessment and the adjusted daily CFR Med (Turkey) assessment would appear in the Fertecon Daily PDF and be available via Platts Connect. The adjusted weekly CFR Med Region assessment would continue to appear in the Ammonia Market Report PDF each Thursday and be available via Platts Connect.
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