Fertilizers, Chemicals, Energy Transition, Renewables
May 22, 2025
Platts proposes to refine its granular urea FOB Caribbean price assessment, effective July 1, 2025
Platts, part of S&P Global Commodity Insights, proposes to refine the specifications of its Granular Urea FOB Caribbean $/mt Wkly (FGUCA04) price assessment, effective July 3, 2025.
First, Platts proposes to amend the quantity specifications from a "minimum 6,000 mt" to a range of "4,000-20,000 mt".
Additionally, Platts would narrow the basis location, revising the previous designation from "Venezuela, Trinidad. Loading out of Jose, Point Lisas" to "Point Lisas, Trinidad and Tobago".
Platts would also amend the timing specification from "product to be shipped up to 30 days forward" to "loading 7 to 45 days forward".
Following the proposed changes, the specifications would appear as follows:
| Current specifications | Proposed specifications | |||
| Assessment Name: | FOB Caribbean (FGUCA04) | Assessment Name: | FOB Caribbean (FGUCA04) | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 6,000 mt | Quantity: | 4,000-20,000 mt | |
| Basis and location: | Venezuela, Trinidad. Loading out of Jose, Point Lisas | Basis and location: | Point Lisas, Trinidad and Tobago | |
| Timing: | Product to be shipped up to 30 days forward | Timing: | Loading 7 to 45 days forward | |
| Frequency: | Weekly | Frequency: | Weekly | |
| Unit of assessment: | $/st | Unit of assessment: | $/st |
Please send any feedback, questions and comments by June 4 to fertilizer@spglobal.com and pricegroup@spglobal.com.
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