Platts launches daily FOB North Africa ammonia assessment effective Sept. 2, 2024

Platts, part of S&P Global Commodity Insights, has launched 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 decided to launch a daily (Monday-Friday) single number spot assessment of the FOB market for ammonia in North Africa.

The assessment considers 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 assessment is 15,000 mt, with relevant price information normalized where necessary to this point.

The assessment appears in Platts Fertecon Daily, and is also available via Platts Connect and other services. The daily single price assessment from each Thursday will also be published in the weekly Ammonia Market Report. It is assessed daily on a 16:30 London timestamp and follows the London publishing calendar.

The assessment has been launched under the following codes and has the following specifications :

Ammonia FOB North Africa$/mt – AMFNA00

Ammonia FOB North Africa$/mt MAvg – AMFNA03

Specifications:

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

The launch of a daily FOB North Africa ammonia assessment was proposed in a Jul. 22, 2024 subscriber note .

The decision to launch a FOB North Africa ammonia assessment was detailed in a Aug. 6, 2024 subscriber note .

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

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