- / Commodity Insights
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- / Platts launches monthly averages for existing daily, weekly ammonia assessments
16 May 2024 | 16:48 UTC
Platts launches monthly averages for existing daily, weekly ammonia assessments
Platts, part of S&P Global Commodity Insights, has launched monthly averages for its existing daily and weekly ammonia price assessments.
The launch follows feedback that the publication of monthly averages would be complementary to market practice of employing averages for contract settlement.
The monthly average of the daily prices will be calculated as the mean of the daily assessments published during any given calendar month.
For the weekly assessments, which are published in the form of a "low/high" range, two numbers are calculated: the monthly average of the weekly highs and the monthly average of the weekly lows.
The monthly averages apply to Platts' eight daily spot price ammonia assessments, including the Low-Carbon Japan Korea Ammonia Price (JKAP), and the 15 weekly ammonia FOB and CFR spot and contract price assessments published in the weekly Ammonia Market Report publication.
The monthly averages will appear on Platts Connect, from June 1, and in the weekly Ammonia Market Report, from June 6, as the following:
| Symbol | Monthly average (daily assessments) |
| AJKCB03 | Japan/Korea Ammonia Price (JKAP) CFR spot $/MMBtu MAvg |
| AJKCA03 | Japan/Korea Ammonia Price (JKAP) CFR spot $/mt Mavg |
| FAFAA03 | Ammonia CFR FE Asia $/mt Mavg |
| FAMMC03 | Ammonia CFR Med Region Cargo $/mt Mavg |
| FANEB03 | Ammonia CFR NWE (duty paid/duty free) $/mt Mavg |
| FAUGA03 | Ammonia CFR US Gulf/Tampa $/mt Mavg |
| FAMBC03 | Ammonia FOB Black Sea Cargo $/mt Mavg |
| FAMEC03 | Ammonia FOB Middle East (excl. Iran) $/mt Mavg |
| Symbol | Monthly average (weekly assessments) |
| FAFAM03 | Ammonia CFR Far East CP & Spot $/mt MAvg |
| FAICA03 | Ammonia CFR India CP & Spot $/mt MAvg |
| FAMRA03 | Ammonia CFR Med Region CP & Spot $/mt MAvg |
| FNWEA03 | Ammonia CFR Northwest Europe (duty paid/duty free) $/mt MAvg |
| FATCA03 | Ammonia CFR Tampa CP & Spot $/mt MAvg |
| FAUGB03 | Ammonia CFR US Gulf CP & Spot $/mt MAvg |
| FAUGM03 | Ammonia CFR US Gulf/Tampa CP & Spot $/mt MAvg |
| FABAB03 | Ammonia FOB Baltic/FSU CP & Spot $/mt MAvg |
| FABAC03 | Ammonia FOB Black Sea CP & Spot $/mt MAvg |
| FACAB03 | Ammonia FOB Caribbean CP & Spot $/mt MAvg |
| FAMEM03 | Ammonia FOB Middle East (netback on contract/formula priced sales) $/mt MAvg |
| FAMEA03 | Ammonia FOB Middle East CP & Spot $/mt MAvg |
| FAAAB03 | Ammonia FOB SE Asia CP & Spot $/mt MAvg |
Platts published a decision note for the launch of monthly average for existing daily and weekly ammonia assessments in an Apr. 18 subscriber note available here.
Please send any feedback, questions and comments to Fertilizer@spglobal.com, and PriceGroup@spglobal.com.
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