Platts launches weekly CFR Indonesia granular sulfur assessment

Platts, part of S&P Global Commodity Insights, has launched a weekly assessment for Granular Sulfur on a CFR Indonesia basis, effective July 13.

The assessment is published in the Fertecon Sulphur Weekly Report. The assessment is designed to capture growing sulfur flows into Indonesia to support the expansion of the Indonesia nickel processing industry.

The launch followed an initial proposal, found in a note published May 31 and available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/053123-platts-proposes-launch-of-cfr-indonesia-granular-sulphur-assessment

The decision was published on June 16, with the note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/061623-platts-to-launch-cfr-indonesia-granular-sulfur-assessment

The specifications for the assessment are as follows:

Quality: Granular sulfur in bulk

Quantity: Minimum 35,000-50,000 mt

Basis and location: CFR Indonesia basis Gresik; ports in Indonesia handling Sulphur cargoes, namely: Bahodopi, Obi Island, Weda Bay

Timing: Loading up to three months forward

Frequency: Weekly, Thursdays

Appears in: Sulphur Weekly Report

Unit of assessment: Dollars per mt

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