Platts proposes launch of daily CFR NW Europe duty unpaid ammonia assessment; adjustments to specifications of weekly CFR NW Europe duty unpaid ammonia assessment June 27

Platts, part of S&P Global Commodity Insights, is proposing an adjustment to the specifications of the weekly CFR NW Europe duty unpaid ammonia assessment along with the launch of an aligned daily CFR NW Europe duty unpaid ammonia assessment, effective June 27, 2025.

It is intended that the proposed daily CFR NW Europe duty unpaidassessment will provide a more granular view of the import market for dutiable ammonia in NW Europe.

The specifications of the proposed daily CFR NW Europe duty unpaid and proposed adjustments to the daily and weekly CFR NW Europe duty unpaid assessments are detailed below:

Assessment Name: Ammonia CFR NW Europe duty unpaid - daily

Quality: Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius, with no restrictions on carbon intensity

Quantity: Basis 15,000 mt

Basis and location: T1 spot product, CFR NWE, basis Antwerp/Rotterdam (assessment considers market activity at ammonia-importing terminals in NWE, defined as Finland-France range). In lieu of price information, the assessment will consistently sit at a 5.5% discount to the daily CFR NW Europe duty paid/free assessment – reflecting the EU's third party duty

Timing: Delivery one to six weeks forward

Frequency: Daily

Appears in: Platts Fertecon Daily

Unit of assessment: US dollars per metric ton ($/mt)

It is also proposed that the specifications of the established weekly CFR NW Europe duty unpaid ammonia assessment (FANEA04)are adjusted to mirror those of the proposed daily CFR NW Europe duty unpaid ammonia assessment.

Platts also proposes to standardize the relationship between the proposed daily assessment and the established weekly CFR NW Europe duty unpaid range assessment.

The weekly CFR NW Europe duty unpaid assessment is currently published as a range with a low and high value. Under this proposal, the weekly range would now only be derived from the lowest and highest of the daily CFR NW Europe ammonia assessments published over the course of the preceding trading week (Friday to Thursday), rather than being assessed in its own right. No fresh market information would be taken into account for the weekly assessment.

Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com by May 26, 2025.

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.