Chemicals, Fertilizers
May 29, 2025
Platts to refine China domestic prilled urea methodology July 3
Platts, part of S&P Global Commodity Insights, will refine the methodology for its existing ex-works China domestic (Shandong) prilled urea, effective July 3, 2025.
The said change is intended to better capture the market dynamics in the domestic Chinese market.
Platts will tighten the specifications for this assessment from a low-high range assessment to a single "close" value.
The specifications -- quantity, timing, location for the assessment will be updated as follows:
| Assessment name | Ex-works Shandong, China domestic urea (prilled) (Yuan/mt) |
| Assessment symbol | FPUCB04 |
| Quality | Prilled |
| Nitrogen | 46% Nitrogen |
| Quantity | 5-30 mt |
| Location | EXW Shandong, basis Linyi |
| Timing | 1-7 days forward |
| Frequency | Weekly, every Thursday |
| Unit of assessment | Yuan/mt |
| Timestamp | 16:30 Penang time stamp, published according to the Penang publishing calendar |
The assessment currently appears under the symbol FPUCB04 in the Nitrogen Market report and Platts Connect, S&P Connect and the Platts price database.
Platts originally proposed the above change to China domestic urea methodology May 14 in a subscriber note available here.
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