Platts to adjust weekly FOB Baltic ammonia assessment; launch aligned daily FOB Baltic ammonia assessment June 27

Platts, part of S&P Global Commodity Insights, will adjust the specifications of its established weekly FOB Baltic ammonia assessment and launch an aligned daily FOB Baltic ammonia assessment, effective June 27, 2025.

The decision to adjust the specifications of the established weekly FOB Baltic ammonia assessment and launch an aligned daily FOB Baltic ammonia assessment follow a proposal published here (opens in a new tab)on May 12, 2025.

Adjustments to the established weekly FOB Baltic ammonia assessment (FABAB04) will be made in view of changes in trade flows and the availability of information relating to ammonia exported from Baltic ports.

Platts will remove the contract component of its weekly FOB Baltic assessment, increase the quantity specification of the assessment to 15,000 mt, and set a basis location of Ust Luga.

The specifications of the new daily FOB Baltic assessment will align with those of the amended weekly assessment, allowing Platts to standardize the relationship between the two.

The specifications of each assessment are detailed below:

Assessment Name: Ammonia FOB Baltic/FSU – weekly ( FABAB04 )

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: 15,000 mt

Basis and location: Spot. Basis location Ust Luga, Russia

Timing: Loading one to six weeks forward

Frequency: Weekly

Appears in: Ammonia Market Report

Unit of assessment: US dollars per mt

Timestamp: 16:30 London close, published according to the London publishing calendar

Assessment Name: Ammonia FOB Baltic/FSU – 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: 15,000 mt

Basis and location: Spot. Basis location Ust Luga, Russia.

Timing: Loading one to six weeks forward

Frequency: Daily

Appears in: Fertecon Daily

Unit of assessment: US dollars per mt

Timestamp: 16:30 London close, published according to the London publishing calendar

In the absence of representative FOB Baltic price information, Platts may also refer to CFR prices in relevant destinations and will use prevailing spot freight rates and origin adjustments to normalize to FOB Baltic.

In addition, Platts will standardize the relationship between the daily and weekly FOB Baltic assessments.

The weekly FOB Baltic ammonia assessment is currently published as a range with a low and high value. As of June 27, the weekly range will consistently reflect the lowest and highest of the proposed daily FOB Baltic ammonia assessments published over the course of the preceding trading week (Friday to Thursday).

Platts will also introduce a third "close" value for the weekly FOB Baltic assessment, reflecting market value at 4:30 pm London time on Thursdays, mirroring that day's daily assessment. It will appear in the Ammonia Market Report PDF each Thursday and be available via PlattsConnect alongside the adjusted low-high weekly range FOB Baltic ammonia. The proposed daily FOB Baltic ammonia assessment will appear in the Platts Fertecon Daily PDF and be available via Platts Connect.

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

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