Fertilizers, Chemicals, Energy Transition, Renewables

May 16, 2025

Platts to launch daily CFR India ammonia assessments, refine weekly CFR India ammonia specifications

Platts, part of S&P Global Commodity Insights, will launch daily ammonia assessments for CFR West and East Coast India and adjust the specifications of the established weekly CFR India (FAICA04) ammonia assessment, effective June 27, 2025.

In an effort to provide a more granular view of the world's largest import market for ammonia, Platts will launch daily single-number assessments for ammonia CFR East Coast India and CFR West Coast India.

The specifications of the daily assessments are detailed below:

Assessment nameCFR West Coast IndiaCFR East Coast India
QualityAnhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C, with no restrictions on carbon intensityAnhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C, with no restrictions on carbon intensity
QuantityBasis 25,000 mtBasis 25,000 mt
Basis and locationSpot. Basis location Kandla.Spot. Basis location Paradeep.
TimingDelivery one to six weeks forwardDelivery one to six weeks forward
FrequencyDailyDaily
Appears inFertecon DailyFertecon Daily
Unit of measurement$/mt$/mt
Timestamp16:30 London close, published according to the London publishing calendar16:30 London close, published according to the London publishing calendar

The specifications of the existing weekly CFR India ammonia assessment (FAICA04) will also be adjusted to align with those of the proposed daily CFR East Coast India and CFR West Coast India ammonia assessments.

Under this alignment, the contract element of the weekly CFR India assessment will be removed, and the quantity specification narrowed to a basis of 25,000 mt.

In addition, Platts will standardize the relationship between the proposed daily single-number assessments and the established weekly CFR India low-high assessment. The weekly CFR India assessment is currently published as a range with a low and high value. Instead, the weekly range will consistently reflect the lowest and highest of the daily CFR East Coast India and CFR West Coast India assessments published over the preceding week.

The adjustments to the specifications of the established weekly CFR India assessment are detailed below:

CurrentProposed
Assessment nameCFR India (FAICA04)CFR India (FAICA04)
QualityAnhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C.Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C, with no restrictions on carbon intensity
QuantityMinimum 4,000 mtBasis 25,000 mt
Basis and locationContract and spot. Countries covered: India. The assessment covers deliveries to both west and east coasts. Discharge ports: All ammonia-importing ports/terminals in India. Published prices include known/reported CFR prices obtained from suppliers/buyers/traders. The price range is represented by a mix of spot CFR prices at the time of purchase, tender results at the time of award (not the time of shipment), as well as prices of the most recent cargoes delivered to India.Spot. Basis locations Kandla and Paradeep. The weekly CFR India range assessment reflects the lowest and the highest of the daily CFR West Coast India and CFR East Coast India assessments published over the course of the preceding week.
TimingProduct to be shipped up to six weeks forwardDelivery one to six weeks forward
FrequencyWeeklyWeekly
Appears inAmmonia Market ReportAmmonia Market Report
Unit of measurement$/mt$/mt
Timestamp16:30 London close, published according to the London publishing calendar16:30 London close, published according to the London publishing calendar

The new daily CFR East Coast India and CFR West Coast India ammonia assessments will appear in the Platts Fertecon Daily PDF and be available via Platts Connect.

The established weekly CFR India range assessment will continue to appear in the Ammonia Market Report PDF each Thursday and be available via Platts Connect.

The decision to launch daily single number CFR West Coast India and CFR East Coast India ammonia assessments and adjust the specifications of the existing weekly CFR India ammonia assessment follows a proposal published April 25, 2025 and available here (opens in a new tab).

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