Platts will launch daily Granular Urea assessments for Africa and Europe; amend weekly assessment methodology, Jan 2

Platts, part of S&P Global Commodity Insights, will launch daily assessments for FCA France Granular Urea, FOB Egypt Granular Urea and FOB Algeria Granular Urea, effective Jan. 2, 2025.

These daily assessments, which will be timestamped to 16:30 London time, and published Monday-Friday, will better capture price developments within the fertilizer market throughout the week.

The specifications for these daily assessments, all of which cover 46% Nitrogen granular urea in bulk, are as follows:

• FCA France Granular Urea basis La Pallice, 1,000-15,000 mt
• FOB Egypt Granular Urea basis Damietta/Abu Qir, min 5,000 mt
• FOB Algeria Granular Urea basis Arzew, min 6,000 mt

The daily assessments will be published as a single “close” value; all other specifications for the new daily assessments will align with those for Platts existing Urea coverage.

/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/Fertecon_Specifications.pdf

Daily, weekly coverage alignment

From Jan. 2, Platts will continue to publish its existing weekly FCA France, FOB Egypt and FOB Algeria Granular Urea assessments, but will define and standardize the relationship between the daily and weekly assessments.

Currently, the weekly assessments are published on Thursdays as a range with a “low” and a “high” value. As of Jan. 6, 2025, these high and low values which will consistently reflect the lowest and highest of the daily assessments published over the course of the seven days up to and including the date of publication.

Platts will also launch a third, "close", value for the weekly assessments, reflecting market value at 16:30 London time on Thursdays. This “close” will mirror that day's daily assessment.

This approach will be adopted for the following assessments:

• FGUFA04 FCA France Granular Urea
• FGUEA04, FOB Egypt
• FGUAB04, FOB Algeria

This announcement follows a proposal and period of market feedback, details of which can be found in the subscriber note here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/080224-platts-proposes-to-launch-daily-assessments-for-fca-france-fob-egypt-fob-algeria-granular-urea-amend-weekly-assessment-me

Please send any feedback, questions and comments to Fertilizer@spglobal.com and PriceGroup@spglobal.com.

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.