Platts proposes launch of daily FOB North Africa ammonia assessment September 2, 2024

Platts, part of S&P Global Commodity Insights, is proposing the launch of a daily assessment of the ammonia FOB market in North Africa, effective Sept. 2, 2024.

In view of the increased importance of North African ammonia for CFR pricing in Europe, Platts is proposing the launch of a daily (Monday-Friday) single number spot assessment of the FOB market for ammonia in North Africa.

The proposed assessments will consider price information relating to ammonia from Algeria, Egypt and Libya, with relevant price information normalized where necessary to a basis location of Arzew, Algeria.

The quantity specification of the proposed assessments will be 15,000 mt, with relevant price information normalized where necessary to this point.

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

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

The following specifications are proposed for the daily assessment:

Assessment Name: Ammonia FOB North Africa

Quality: Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around -33°C, with no restrictions on carbon intensity.

Quantity: Basis 15,000 mt

Basis and location: Basis port Arzew, Algeria. Other ports in North Africa including Algeria, Egypt and Libya will be considered and normalized where necessary to basis Arzew.

Timing: Loading 1-6 weeks forward.

Frequency: Daily

Appears in: Platts Fertecon Daily, Ammonia Market Report

Unit of assessment: US dollars per mt.

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

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