Fertilizers, Chemicals
October 16, 2025
Platts refines three Urea Middle East-Americas price assessments effective Oct 16
Platts, part of S&P Global Commodity Insights, has refined the specifications for two FOB Middle East-Americas netback granular urea assessments and the FOB Middle East (Full Range) granular urea assessment to better align with market practice and the current specifications of the underlying price assessments, effective Oct. 16.
Specifications for the assessments are detailed below:
| PREVIOUS SPECIFICATIONS | NEW SPECIFICATIONS | |||
| Assessment Name: | FOB Middle East, US netbacks (FGUMB04) | Assessment Name: | FOB Middle East, US netbacks (FGUMB04) | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 6,000 mt | Quantity: | 40,000 mt | |
| Basis and location: | Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates. Prices are netted back from the NOLA price range defined in the Fertecon weekly report using the latest discharge and ocean freight costs for around 40,000 mt. The assessment also considers any spot sales made FOB Middle East, specifically for the US market. | Basis and location: | Mesaieed, Qatar. Prices are netted back from the NOLA price range defined in the Nitrogen Report using the latest tariffs, discharge, and ocean freight costs for 40,000 mt. | |
| Timing: | Shipment 30 days forward | Frequency: | Weekly | |
| Frequency: | Weekly | Unit of assessment: | $/mt | |
| Unit of assessment: | $/mt | |||
| PREVIOUS SPECIFICATIONS | NEW SPECIFICATIONS | |||
| Assessment Name: | FOB Middle East, Brazil netbacks (FGUMC04) | Assessment Name: | FOB Middle East, Brazil netbacks (FGUMC04) | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 6,000 mt | Quantity: | 40,000 mt | |
| Basis and location: | Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates. Prices are netted back from the Brazil price range as defined in the Fertecon weekly report, using the latest discharge and ocean freight costs for around 40,000 mt. The assessment includes any spot sales made FOB Middle East specifically for the Brazilian market. | Basis and location: | Mesaieed, Qatar. Prices are netted back from the Brazil price range as defined in the Nitrogen Report, using the ocean freight costs for around 40,000 mt. | |
| Timing: | Shipment 30 days forward | Frequency: | Weekly | |
| Frequency: | Weekly | Unit of assessment: | $/mt | |
| Unit of assessment: | $/mt | |||
| PREVIOUS SPECIFICATIONS | NEW SPECIFICATIONS | |||
| Assessment Name: | FOB Middle East (full range) (FGUMD04) | Assessment Name: | FOB Middle East (full range) (FGUMD04) | |
| Quality: | 46% N, granular urea in bulk | Quality: | 46% N, granular urea in bulk | |
| Quantity: | Minimum 6,000 mt | Quantity: | 30,000 - 45,000 mt | |
| Basis and location: | Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates. This price is the highest, lowest, and highest of all Middle East prices: the Middle East FOB excl. US, Middle East , Brazil netbacks and Middle East FOB US netbacks price ranges | Basis and location: | Mesaieed, Qatar. This calculated assessment is the highest and the lowest of the following prices: Middle East FOB excl uding US, Middle East Brazil netbacks, and Middle East US netbacks. | |
| Timing: | Shipment 30 days forward | Frequency: | Weekly | |
| Frequency: | Weekly | Unit of assessment: | $/mt | |
| Unit of assessment: | $/mt | |||
These assessments are currently published in the Platts Fertecon Daily and Nitrogen Market Report, and they are also available via Platts Connect, timestamped to 16:30 Sao Paulo time, following the Sao Paulo publishing calendar.
For more information on the underlying assessments used in these netback calculations, please see the Platts Fertecon Specifications Guide.
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