Platts to make changes to FCA Benelux DAP assessment effective July 3

Platts, part of S&P Global Commodity Insights, will amend the specifications of its FCA Benelux Diammonium Phosphate assessment, effective July 3.

The changes will further tighten the assessment specifications in order to provide greater clarity and transparency.

The location specification of the assessment will be narrowed, with the port of Ghent in Belgium as a basis. Price information relating to other relevant Benelux ports will be normalized to this point, where applicable and possible.

Platts will also change timing specification to a basis of loading 7 to 21 days forward to provide a more precise assessment of market value. Platts will normalize information to this point where necessary.

Platts will also launch a single number "close" value for each of these assessments, with standardized high and low ranges $1/mt above (high) and below (low) this new close value.

The revised specifications for the assessments will read as follows:

The assessment appears in Platts Connect, the Phosphate Market Report, the European Fertilizer Report, and the Platts price database.

Platts proposed the amendment in an earlier subscriber note published here(opens in a new tab).

Please send any feedback, questions and comments about this proposal to fertilizer@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.