Platts launches Chinese domestic ammonia market assessment Sep 2, 2024

Platts, part of S&P Global Commodity Insights, has launched 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 has launched a daily (Monday-Friday) single number spot assessment for the Chinese domestic market, with Jiangsu used as the basis location.

The assessment is assessed daily on a 16:30 Penang timestamp and follows the Penang publishing calendar. It appears 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 assessment appears under the following codes and has the following specifications:

Ammonia China Domestic EXW Jiangsu Yuan/mt - AMCNA00

Ammonia China Domestic EXW Jiangsu Yuan/mt Mavg -AMCNA03

Specifications:

Quality: Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C, 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: Yuan per mt

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

The launch of a daily Chinese domestic market ammonia assessment was proposed in a July 22, 2024 subscriber note.

The decision to launch a Chinese domestic market ammonia assessment was detailed in a Aug.6, 2024 subscriber note.

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