Fertilizers, Chemicals, Energy Transition, Renewables
May 14, 2025
Platts proposes to refine specifications and increase the frequency of four US urea assessments
Platts, part of S&P Global Commodity Insights, proposes to refine the specifications for four US Granular Urea price assessments in the US, and increase their publication frequency, effective July 1, 2025.
The changes would provide a more detailed and up-to-date coverage of the domestic US market.
Firstly, Platts proposes to rename its current assessment Urea FOB Tulsa OK (FUREJ04) to Urea FOB Inola OK, given that most consistent trading activity is reported basis Inola. The current assessment considers discharging ports in both Tulsa and Inola, but the assessment would reflect Inola as the basis location.
Platts would also refine the specifications of its current assessment FOB Twin Cities MN (FUREA04) to reflect St. Paul, which would serve as the basis location, rather than reflecting both Minneapolis and St. Paul.
Platts also proposes changing the FOB assessments for Inola ( FUREJ04), St Paul ( FUREA04 ), St. Louis (FUREI04), and Cincinnati (FURED04) to FOT (Free on Truck), following market analysis and feedback.
Platts also proposes changing the volumes reflected by the assessments to 25-250 st, from a minimum of 1,500 st.
Platts also proposes changing the timing of these four assessments. The specifications currently described as "Product to be shipped up to 30 days forward" would be updated to "Loading from 1 to 30 days."
Finally, Platts proposes to increase the publication frequency to daily, published from Monday to Friday.
The proposed specifications are as follows:
| CURRENT SPECIFICATIONS | PROPOSED SPECIFICATIONS | |||
| Assessment Name: | Urea FOB Tulsa, Oklahoma (FUREJ04) | Assessment Name: | Urea FOT Inola, OK | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 1,500 st | Quantity: | Min 25 st – Max 250 st | |
| Basis and location: | FOB Tulsa/Inola, Oklahoma | Basis and location: | Inola, Oklahoma | |
| Timing: | Shipment 30 days forward | Timing: | Loading from 1 to 30 days | |
| Frequency: | Weekly | Frequency: | Daily | |
| Unit of assessment: | $/st | Unit of assessment: | $/st | |
| Assessment Name: | Urea FOB Twin Cities, Minnesota (FUREA04) | Assessment Name: | Urea FOT Twin Cities, MN | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 1,500 st | Quantity: | Min 25 st – Max 250 st | |
| Basis and location: | St. Paul/Minneapolis, Minnesota | Basis and location: | St. Paul, Minnesota | |
| Timing: | Shipment 30 days forward | Timing: | Loading from 1 to 30 days | |
| Frequency: | Weekly | Frequency: | Daily | |
| Unit of assessment: | $/st | Unit of assessment: | $/st | |
| Assessment Name: | Urea FOB Cincinnati, Ohio (FURED04) | Assessment Name: | Urea FOT Cincinnati , OH | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 1,500 st | Quantity: | Min 25 st – Max 250 st | |
| Basis and location: | Cincinnati, Ohio | Basis and location: | Cincinnati, Ohio | |
| Timing: | Shipment 30 days forward | Timing: | Loading from 1 to 30 days | |
| Frequency: | Weekly | Frequency: | Daily | |
| Unit of assessment: | $/st | Unit of assessment: | $/st | |
| Assessment Name: | Urea FOB St. Louis, Missouri (FUREI04) | Assessment Name: | Urea FOT St. Louis, MO | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 1,500 st | Quantity: | Min 25 st – Max 250 st | |
| Basis and location: | St. Louis, Missouri | Basis and location: | St. Louis, Missouri | |
| Timing: | Shipment 30 days forward | Timing: | Loading from 1 to 30 days | |
| Frequency: | Weekly | Frequency: | Daily | |
| Unit of assessment: | $/st | Unit of assessment: | $/st |
The assessments appear in Platts Fertecon Daily, Nitrogen Weekly Report, US Fertilizer Report and Platts Connect.
Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com by May 30, 2025.
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