Platts proposes launch of daily Chinese domestic ammonia market assessment Sep 2, 2024

Platts, part of S&P Global Commodity Insights, is proposing the launch of a daily assessment for the Chinese domestic ammonia market, effective Sept. 2, 2024.

In view of its impact on trade flows and pricing in the broader Far East ammonia market, Platts is proposing the launch of a daily (Monday-Friday) single number spot assessment for the Chinese domestic market, with Jiangsu used as the basis location.

The proposed assessment will be assessed daily on a 16:30 Penang timestamp and follow the Penang publishing calendar.

The daily assessment will appear in Platts Fertecon Daily and Platts Connect. The daily single price assessment from each Thursday will also be published in the weekly Ammonia Market Report.

The proposed assessment will have the following specifications :

Assessment Name: Ammonia China Domestic EXW Jiangsu

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: Basis 25 mt, with relevant price information normalized to this point

Basis and location: Ex-works (EXW) basis Jiangsu

Timing: Loading 1-7 days forward

Frequency: Daily

Appears in: Platts Fertecon Daily, weekly Ammonia Market Report

Unit of assessment: CNY per mt

Timestamp: 16:30 Penang close, following the Penang publishing calendar

Please send any feedback, questions and comments to fertilizer@spglobal.com, and pricegroup@spglobal.com by Aug. 2, 2024.

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.