Fertilizers, Chemicals, Energy Transition, Renewables
May 27, 2025
Platts to launch daily FOB Caribbean ammonia assessment, adjust weekly FOB Caribbean ammonia assessment
Platts, part of S&P Global Commodity Insights, will launch a daily FOB Caribbean ammonia netback price assessment, effective June 27, 2025. Platts will also adjust the specifications of its established weekly FOB Caribbean ammonia assessment.
These changes will provide a more granular view of the world's largest export market for ammonia.
The daily FOB Caribbean price will be expressed as a single value (bate) and represent a netback from the latest monthly negotiated fixed contract price between Yara and Mosaic.
The specifications of the daily assessment are detailed below:
Ammonia FOB Caribbean - daily
Quality: Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius, with no restrictions on carbon intensity
Quantity: Basis 25,000 mt
Basis and location: Contract. Basis location Point Lisas, Trinidad and Tobago. The assessment will reflect a netback from CFR Tampa (FATCA04)
Timing: Product loading under the latest monthly Tampa contract agreement
Frequency: Daily
Appears in: Fertecon Daily
Unit of assessment: $/mt
Timestamp: 4:30 pm Sao Paulo close, published according to the Sao Paulo publishing calendar
Amendments to weekly assessment
In addition, the specifications of the existing weekly FOB Caribbean ammonia assessment (FACAB04) will be adjusted to align with those of the daily FOB Caribbean ammonia assessment.
Under this alignment, the spot element of the weekly FOB Caribbean ammonia assessment will be removed, the location specification narrowed to Trinidad and Tobago, and the quantity specification for each assessment changed from a minimum of 4,000 mt to a basis of 25,000 mt.
In addition, Platts will standardize the relationship between the proposed daily single-number assessment and the established weekly FOB Caribbean low-high assessment. The weekly FOB Caribbean ammonia assessment is currently published as a range with a low and high value. The weekly range will consistently reflect the lowest and highest of the daily FOB Caribbean assessments published over the preceding week.
The adjustments to the specifications of the established weekly FOB Caribbean ammonia assessment are detailed below:
| Current | Proposed | |
| Assessment Name | FOB Caribbean (FACAB04) | FOB Caribbean (FACAB04) |
| Quality | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius. | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius, with no restrictions on carbon intensity |
| Quantity | 4,000 mt | Basis 25,000 mt |
| Basis and location | Contract and spot. Countries covered: Trinidad and Venezuela. Loading ports: Point Lisas, Trinidad and Jose, El Tablazo, Venezuela. This price assessment is predominantly derived by subtracting the Caribbean to Tampa/ US Gulf freight rate, as defined in Fertecon's freight index, from the CFR Tampa/US Gulf price range. However, netbacks from other markets as well as other FOB sales ex-Trinidad and ex-Venezuela can also be included. Timing: Product to be shipped up to six weeks forward. | Contract. Basis location Point Lisas, Trinidad and Tobago. The assessment consistently reflects the lowest and highest of the daily FOB Caribbean assessments -- netbacks from CFR Tampa (FATCA04) -- published over the course of the preceding week. |
| Timing | Product to be shipped 1-6 weeks forward | Product loading under the latest monthly Tampa contract agreement |
| Frequency | Weekly | Weekly |
| Appears in | Ammonia Market Report | Ammonia Market Report |
| Unit of assessment | $/mt | $/mt |
| Timestamp | 4:30 pm Sao Paulo close, published according to the Sao Paulo publishing calendar | 4:30 pm Sao Paulo close, published according to the Sao Paulo publishing calendar |
Platts originally proposed the launch of daily FOB Caribbean ammonia assessment, adjustment of weekly FOB Caribbean ammonia assessment on May 12 in a subscriber note available here.
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