Fertilizers, Chemicals, Energy Transition, Renewables
July 03, 2025
Platts changes UAN FOB Baltic, AN FOB Baltic, AN FOB Baltic/Black Sea nitrate fertilizer specifications July 3
Platts, part of S&P Global Commodity Insights, has changed the specifications for urea ammonium nitrate and ammonium nitrate FOB Baltic, as well as the AN FOB Baltic/Black Sea nitrate, effective July 3.
This decision followed a proposal published on May 2 here. A decision note for the changes to these assessments was published on May 22 here.
Platts has launched a single number close value with standardized high and low ranges for the UAN FOB Baltic and AN FOB Baltic assessments. Platts has also narrowed 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:
| Previous specifications | New 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 FOB 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 |
| Previous specifications | New 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 FOB 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 has changed 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 was previously 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 is now derived from the highest and lowest of the following three assessments: the close value assessment for AN FOB Baltic (FANBA04) and the high or low of the AN FOB Black Sea range (FANBB04). No new market information is considered for the assessment of the range.
Please refer to the subscriber note outlining 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.
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.