Platts proposes to launch two Urea Ammonium Nitrate FOT East Coast assessments; amend existing UAN East Coast assessment

Platts, part of S&P Global Commodity Insights, proposes to amend its weekly Urea Ammonium Nitrate FCA USEC Ex-tank assessment, effective July 1, 2025.

Under this proposal, the assessment, which appears under the name Urea Ammonium Nitrate FCA USEC Ex-tank $/st Wkly and the code FUANS04, would be assessed as an FOT-basis assessment going forwards, and renamed as Urea Ammonium Nitrate FOT USEC.

The assessment, published as a range, would continue to be published every Thursday, to a 1630 São Paulo timestamp.

Simultaneously, Platts proposes to launch two new assessments which would be used to generate this existing weekly assessment. The two new assessments would be FOT UAN Baltimore, Maryland and FOT UAN Wilmington, Delaware, reflecting the points of greatest spot liquidity on the USEC market.

The proposed assessments would capture market activity in the East Coast of the United States and complement Platts' existing coverage of the UAN market in the country.

Specifications for the two proposed assessments, which would both be published as single "close" values, would read as follows:

Assessment Name: FOT UAN Baltimore, Maryland

• Quality: 32% N UAN Solution

• Quantity: basis 15 short tons (one truck load)

• Basis and location: FOT Baltimore, Maryland

• Timing: Loading from 1 to 30 days from date of publication

• Frequency: Weekly (Thursdays)

• Unit of assessment: $/mt

• Timestamp: 16:30 São Paulo, following the Sao Paulo publishing calendar

Assessment Name: FOT UAN Wilmington, Delaware

• Quality: 32% N UAN Solution

• Quantity: basis 15 short tons (one truck load)

• Basis and location: FOT UAN Wilmington, Delaware

• Timing: Loading from 1 to 30 days from date of publication

• Frequency: Weekly (Thursdays)

• Unit of assessment: $/mt

• Timestamp: 16:30 São Paulo, following the Sao Paulo publishing calendar

Following these two launches, the new assessments would constitute the generated high and low of the weekly Urea Ammonium Nitrate FOT USEC assessment. No other information would be taken into account.

Please send any feedback, questions and comments on this proposal to fertilizer@spglobal.com and pricegroup@spglobal.com by May 30, 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.