Fertilizers, Chemicals, Energy Transition, Agriculture, Renewables, Pesticides
May 22, 2025
Platts to change UAN FOB Baltic, AN FOB Baltic, AN FOB Baltic/Black Sea nitrate fertilizer specifications July 3
Platts, part of S&P Global Commodity Insights, will change the specifications for urea ammonium nitrate and ammonium nitrate FOB Baltic, as well as the AN FOB Baltic/Black Sea nitrate, effective July 3, 2025.
This decision follows a proposal published on May 2 here.
Platts will launch a single number close value with standardized high and low ranges for the UAN FOB Baltic and AN FOB Baltic assessments. Platts will also narrow specifications such as quantity, basis and location for the assessments, to better reflect changes in trade flows, as evidenced by market feedback.
The changes to the UAN and AN FOB Baltic nitrates assessments are outlined below:
| Current specifications | Proposed specifications | |
| Assessment name | FOB Baltic ammonium nitrate (34.5% N) (bulk) | FOB Baltic ammonium nitrate (34.5% N) (bulk) |
| Platts Symbol | FANBA04 | FANBA04 |
| Quality | 34.5% N ammonium nitrate | 34.5% N ammonium nitrate |
| Quantity | Minimum 4,000 mt | 6,000-15,000 mt |
| Basis and location | Russia-only product loading out of Baltic ports | Open origin product loading basis Ust Luga |
| Timing | Product to be shipped up to 30 days forward | Product loading 14- 45 days forward |
| Frequency | Weekly , every Thursday | Weekly , every Thursday |
| Unit of measurement | $/mt | $/mt |
| Timestamp | 16:30 London close, published according to the London publishing calendar | 16:30 London close, published according to the London publishing calendar |
| Assessment Type | High, Low Price- Range | High, Low, Close Price |
| Current specifications | Proposed specifications | |
| Assessment name | FOB Baltic urea ammonium nitrate (32% N) | FOB Baltic urea ammonium nitrate (32% N) |
| Platts Symbol | FUANB04 | FUANB04 |
| Quality | 32% N UAN Solution | 32% N UAN Solution |
| Quantity | minimum 500 mt | 35,000 mt |
| Basis and location | Product of Russian and non-Russian origin loading out of Baltic ports. | Open-origin product loading basis St. Petersburg |
| Timing | Product to be shipped up to 30 days forward | Product loading 14-45 days forward |
| Frequency | Weekly, every Thursday | Weekly, every Thursday |
| Unit of measurement | $/mt | $/mt |
| Timestamp | 16:30 London close, published according to the London publishing calendar | 16:30 London close, published according to the London publishing calendar |
| Assessment Type | High, Low Price- Range | High, Low, Close Price |
Change in methodology for AN FOB Baltic/Black Sea range assessment
Simultaneously, Platts will change the specifications of the existing AN FOB Baltic/Black Sea range assessment (FANBA00 ) so they align with those of the above mentioned AN FOB Baltic and AN FOB Black Sea assessments.
The weekly FOB Baltic/Black Sea AN assessment is currently published as a range with a low and high value. Following these changes, the low and high of the existing AN FOB Baltic/ Black Sea will now be derived from the highest and lowest of the following three assessments: the above proposed new single-number assessment for AN FOB Baltic and the high or low of the AN FOB Black Sea range (FANBB04) . No new market information will be considered for the assessment of the range.
Please refer to the subscriber note proposing recent changes to the AN FOB Black Sea range here.
All the above assessments appear under respective symbols in the Nitrogen Fertilizer report, Platts Connect, and the Platts price database.
Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com.
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