Chemicals, Fertilizers
July 03, 2025
Platts refines China domestic prilled urea methodology July 3
Platts, part of S&P Global Commodity Insights, has refined 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 China market.
Platts will tighten the specifications for this assessment from a low-high range assessment to a single "close" value.
The location specification has been added as basis Linyi with a volume quantity of 5-30/mt.
The specifications - quantity, timing, location for the assessment have been 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 on Platts Connect, S&P Connect and the Platts price database.
Platts announced the above change to China domestic urea methodology May 29 in a subscriber note available here
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