Platts will launch FOB Baltic Automotive Grade Urea assessment, Jan. 2

Platts, part of S&P Global Commodity Insights, will launch a weekly price assessment for the Baltic automotive grade urea market, effective Jan. 2.

In view of increasing demand for Diesel Exhaust Fluid (DEF) in Europe, Platts will launch a weekly (Thursday) spot assessment of the FOB market for automotive grade urea (AGU) in the Baltic. The decision follows a proposal published on Oct. 1.

The assessment will consider market information relating to exports of automotive grade urea from St. Petersburg, Russia, as well as Baltic ports in Finland and Poland, with relevant price information normalized where necessary to a basis location of St. Petersburg.

The quantity specification for the assessment will be 500-1,000 kg, with other volumes normalized where necessary to this point.

The Automotive Grade Urea, FOB Baltic assessment will be published on an outright basis and will consider market information reported to Platts and published as heards throughout the day, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process. Platts will also track market premiums agreed for Automotive Grade Urea, and calculate the outright value using its FOB Baltic prilled urea assessment (FPUBA04) where necessary.

The assessments will appear in the Platts Nitrogen Market Report, and will be available via Platts Connect.

The assessment will be assessed weekly with a 16:30 London timestamp and will follow the London publishing calendar.

The specifications for the weekly assessment will be as follows:

• Assessment Name: Automotive Grade Urea FOB Baltic
• Quality: 46.2%-46.3% uncoated prilled urea with a maximum biuret of 0.9%
• Quantity: 500-1,000 kg in big bags, shipped in containers
• Basis and location: Basis port St. Petersburg, Russia. Other ports in the Baltic Sea such as those in Finland and Poland will be considered and normalized where necessary to basis St. Petersburg.
• Timing: Loading 30 days forward.
• Frequency: Weekly
• Appears in: Nitrogen Market Report
• Unit of assessment: US dollars per mt.
• Timestamp: 16:30 London close, following the London publishing calendar

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

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