Platts proposes changes to FCA Benelux DAP assessment effective July 3

Platts, part of S&P Global Commodity Insights, is proposing to amend the specifications of its FCA Benelux Diammonium Phosphate assessment, effective July 3.

The proposed changes would further tighten the assessment specifications in order to provide greater clarity and transparency.

The location specification of the assessment will be narrowed, with the port of Ghent in Belgium as a basis. Price information relating to other relevant Benelux ports will be normalized to this point, where applicable and possible.

Platts also proposes changing the timing specification to a basis of loading 7 to 21 days forward to provide a more precise assessment of market value. Platts would normalize information to this point where necessary.

Platts is proposing the launch of a single number "close" value for each of these assessments, with standardized high and low ranges $1/mt above (high) and below (low) this new close value.

The revised specifications for the assessments would read as follows:

The assessment appears in Platts Connect, the Phosphate Market Report, the European Fertilizer Report and the Platts price database.

Please send any feedback, questions and comments about this proposal to fertilizer@spglobal.com and pricegroup@spglobal.com by May 26.

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.