SUBSCRIBER NOTE: Platts launches global ammonia assessments

In an effort to further complement market-leading Energy Transition price offerings, S&P Global Platts has launched ammonia cargo price assessments in Asia, Europe and North America, effective Oct. 12, 2021.

Already established for use in agricultural markets and with global trade at around 19 million mt, ammonia is increasingly being viewed as a potential fuel for power generation, bunkering and as means of transporting converted hydrogen.

Platts daily ammonia cargo price assessments are for cargoes for the following locations: CFR Far East Asia, including major ports that can accommodate ammonia cargoes in China, Japan, South Korea, and Taiwan; CFR Northwest Europe, for major ports that can accommodate ammonia cargoes in Belgium, Germany, the Netherlands, and northern France; and for CFR US Gulf Coast, for major ports accommodating ammonia cargoes in the USGC region with basis port Tampa, Florida. In addition, daily assessments are published on an FOB Middle East basis, for major loading points that can accommodate ammonia cargoes in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates; and for FOB Black Sea for major ports that can accommodate ammonia cargoes in the Ukraine.

Material from countries that are subject to international trade sanctions are excluded from the assessment process.

For the European market, Platts assessments represent duty free cargoes. Cargoes incurring any duty may be normalized as part of the European assessment process.

For the CFR Far East Asia, CFR Northwest Europe and CFR USGC assessments, this is for parcels to be delivered 15-45 days forward from the date of publication. Daily assessments for FOB Middle East and FOB Black Sea are for parcels loaded 15-30 days forward from the date of publication. The cargo size of the assessed locations is 20,000-40,000 mt for CFR Far East Asia; 20,000-25,000 mt for CFR Northwest Europe; 20,000-25,000 mt for CFR USGC; 15,000-40,000 mt for FOB Middle East; and 15,000-40,000 mt for FOB Black Sea. Platts may use information with different cargo sizes after normalization. The assessments are in US Dollar, and published in both metric ton (mt) and Million British Thermal Unit (MMBtu).

The assessments are cash prices, net of any credit. Platts may use information with longer credit terms after normalization. Regarding the quality specifications, assessments take into consideration cargoes with a minimum purity of 99.5% of anhydrous ammonia by weight, a maximum water content of 0.5% by weight, and a maximum oil content of 10 ppm by weight. Daily assessments basis CFR Far East Asia and FOB Middle East are based on the latest information sourced from the market up to the close of the assessment window at 4:30 pm Singapore time. Daily assessment basis CFR Northwest Europe and FOB Black Sea are based on latest information sourced from the market up to the close of the assessment window at 4:30 pm London time. Daily assessment basis CFR USGC are based on latest information sourced from the market up to the close of the assessment window at 1:30 pm Houston Time.

The published prices are as following: Ammonia CFR Far East Asia $/MMBtu AMMOB00

Ammonia CFR Far East Asia $/MMBtu MAvg AMMOB03

Ammonia CFR Far East Asia $/mt AMMOA00

Ammonia CFR Far East Asia $/mt MAvg AMMOA03

Ammonia CFR Northwest Europe $/MMBtu AMMOD00

Ammonia CFR Northwest Europe $/MMBtu MAvg AMMOD03

Ammonia CFR Northwest Europe $/mt AMMOC00

Ammonia CFR Northwest Europe $/mt MAvg AMMOC03

Ammonia CFR USGC $/MMBtu AMMOF00

Ammonia CFR USGC $/MMBtu MAvg AMMOF03

Ammonia CFR USGC $/mt AMMOE00

Ammonia CFR USGC $/mt MAvg AMMOE03

Ammonia FOB Black Sea $/MMBTu AMMOH00

Ammonia FOB Black Sea $/MMBTu MAvg AMMOH03

Ammonia FOB Black Sea $/mt AMMOG00

Ammonia FOB Black Sea $/mt MAvg AMMOG03

Ammonia FOB Middle East $/MMBtu AMMOJ00

Ammonia FOB Middle East $/MMBtu MAvg AMMOJ03

Ammonia FOB Middle East $/mt AMMOI00

Ammonia FOB Middle East $/mt MAvg AMMOI03

The new assessments are published under the AMO Market Data Category, and on Platts Dimensions Pro from Oct. 12 onwards. Please send all feedback, comments or questions to hydrogenassessments@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 make comments not marked as confidential available upon request.