Chemicals, Energy Transition, Renewables

October 28, 2024

Platts launches Japanese ammonia-coal energy price spreads

Platts, part of S&P Global Commodity Insights, has launched new daily energy price spreads between ammonia and thermal coal prices for Japan, effective Oct. 28.

The spreads reflect the price difference between low-carbon ammonia and thermal coal delivered to Japan on an energy-parity basis. The Japanese government has implemented a contract-for-difference scheme whereby it will pay the difference between low-carbon hydrogen and derivatives and existing fuels prices, such as coal and LNG. Platts publishes the following spreads:

Description $/MMBTU Yen/KWh $/MWh
Japan Renewable Ammonia (Australia Origin) - NEAT Coal Energy Spread JRACD00 JRAAY00 JRAAC00
Japan Renewable Ammonia (Middle East Origin) - NEAT Coal Energy Spread JRAME00 JRMEY00 JRMEC00
Japan Renewable Ammonia (Canada Origin) - NEAT Coal Energy Spread JRACC00 JRCCY00 JRCCE00
Japan Korea low-carbon ammonia prices (JKAP) - NEAT Coal Energy Spread JJKAD00 JJKAY00 JJKAP00

These spreads will be published in Coal Trader International and will also continue to be published as a graph in Platts Hydrogen Daily.

Please address any questions or comments to coal@spglobal.com, 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 consider all comments received and will make comments not marked as confidential available upon request.