Fertilizers, Chemicals, Energy Transition, Renewables
July 03, 2025
Platts proposes to launch two Urea Ammonium Nitrate CFR US East Coast assessments; change methodology of existing UAN CFR East Coast range assessment
Platts, part of S&P Global Commodity Insights, proposes to launch two weekly price assessments for 32% Nitrogen Urea Ammonium Nitrate Solution, CFR Baltimore, Maryland and CFR Wilmington, Delaware, effective Sept. 4, 2025.
The proposed assessments would capture more granular market activity on the US East Coast and complement Platts' existing coverage of the UAN market in the country.
The proposed assessments would have the following specifications:
Assessment Name: Urea Ammonium Nitrate CFR Baltimore, Maryland
- Quality: 32% N UAN Solution
- Quantity: 5,000-10,000 mt
- Basis and location: CFR Baltimore, Maryland
- Timing: Deliveries between 30 and 60 days from the date of publication
- Frequency: Weekly (Thursdays)
- Appears in: Nitrogen Market Report, US Fertilizer Report
- Unit of assessment: $/mt
- Timestamp: 16:30 São Paulo, following the São Paulo publishing calendar
Assessment Name: Urea Ammonium Nitrate CFR Wilmington, Delaware
- Quality: 32% N UAN Solution
- Quantity: 5,000-10,000 mt
- Basis and location: CFR Wilmington, Delaware
- Timing: Deliveries between 30 and 60 days from the date of publication
- Frequency: Weekly (Thursdays)
- Appears in: Nitrogen Market Report, US Fertilizer Report
- Unit of assessment: $/mt
- Timestamp: 16:30 São Paulo, following the São Paulo publishing calendar
The weekly price assessments would be published as a single "close" value to a 16:30 São Paulo timestamp and follow the São Paulo publishing calendar.
Alignment of weekly range assessment methodology
Additionally, Platts proposes to align the specifications of the weekly range for Urea Ammonium Nitrate (32%N) CFR USEC $/mt Wkly (FUANF04), effective Sept. 4, 2025.
Under this proposal, this range assessment would reflect the lowest and highest values published from the proposed weekly UAN CFR Baltimore, Maryland and UAN CFR Wilmington, Delaware assessments. For example, if on a particular week, UAN CFR Baltimore, Maryland is assessed at $500/mt and UAN CFR Wilmington, Delaware is assessed at $520/mt, UAN CFR USEC (FUANF04) would be assessed at $500-520/mt.
The specifications for this assessment would also be modified to reflect the assessments from which it would be calculated.
The updated specifications for the Urea Ammonium Nitrate (32% N) CFR USEC $/mt Wkly (FUANF04), would be as follows:
| Old specifications | Proposed specifications | |
| Assessment Name | Urea Ammonium Nitrate CFR US East Coast, 32% N | Urea Ammonium Nitrate CFR US East Coast, 32% N |
| Quality | 32% N UAN Solution | 32% N UAN Solution |
| Quantity | Minimum 1,500 mt | 5,000-10,000 mt |
| Basis and location | Loading out of all East Coast US ports | CFR Baltimore, Maryland and CFR Wilmington, Delaware. The low and high of the range assessment is derived from the weekly UAN CFR Baltimore, Maryland and CFR Wilmington, Delaware assessment. No fresh market to be taken into account. |
| Timing | Product to be shipped up to 30 days forward | Deliveries between 30 and 60 days forward from the date of publication |
| Frequency | Weekly | Weekly (Thursdays) |
| Unit of assessment | $/mt | $/mt |
| Timestamp | 16:30 São Paulo, published according to the São Paulo publishing calendar | 16:30 São Paulo, published according to the São Paulo publishing calendar |
This assessment currently appears in the Nitrogen Market Report, US Fertilizer Report and on Platts Connect.
Please send any feedback, questions and comments on this proposal to fertilizer@spglobal.com and pricegroup@spglobal.com by July 18, 2025.
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.