Platts proposes to move MOC timestamp for several Asia fertilizer assessments

Platts is proposing to change the timestamps of several of its Asia fertilizer assessments to 16.30 Penang time, from 16.30 London time at present, effective Feb. 22, 2024.

Platts, part of S&P Global Commodity Insights, is proposing to change the timestamps of several of its Asia fertilizer assessments to 16.30 Penang time, from 16.30 London time at present, effective Feb. 22, 2024.

This proposed change is intended to better capture the concentration of trading activity in the Asia fertilizer markets.

Details of the proposed changes are as follows:

Fertecon Sulphur assessments

- All Asian assessments would move from 16:30 London time to 16.30 Penang time

- All Middle Eastern, African, and European assessments would remain at 16:30 London time

Fertecon Potash assessments

- All Asia assessments would move from 16:30 London time to 16.30 Penang time

- All other assessments would remain at 16:30 London time

Fertecon Sulphuric Acid assessments

- All Asian assessments would move from 16:30 London time to 16.30 Penang time

- All Middle Eastern, African, and European assessments would remain at 16:30 London time

Fertecon Urea assessments

- All Asian assessments would move from 16:30 London time to 16.30 Penang time

- All other assessments would remain at 16:30 London time

Fertecon Nitrates assessments

- All Asian assessments would move from 16:30 London time to 16.30 Penang time

- All other assessments would remain at 16:30 London time

Fertecon Phosphate assessments

- China fob assessments would move from 16:30 London time to 16.30 Penang time

- All other assessments would remain at 16:30 London time

Full details of Platts Fertilizer coverage can be found in the Specifications Guide available here:

https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/fertecon_specifications.pdf

As part of this proposal, Platts Asia fertilizer assessments would also follow a Penang holiday calendar, moving from a London holiday calendar at present. Further information on Platts pricing holiday schedule can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/holiday

As of Feb. 22, bids, offers trades and indicative values would only be considered for the assessment if received before the 16:30 Penang time cut-off. If the weekly publication day falls on public holidays in Penang, the Asia assessments would be published the preceding working day.

For example, the Sulphuric Acid report is published on Wednesdays. As May 1, 2024 is a Wednesday, and a public holiday in Penang, all Asia Sulphuric Acid assessments, commentary and line-ups would be produced and published on Platts Connect and the Connect Data Browser on Tuesday, April 30, 2024. They would appear in the weekly Sulphuric Acid report published on Wednesday May 1, 2024, alongside EMEA and Americas content generated on Wednesday.

Please send any questions and comments to Fertilizer@spglobal.com and PriceGroup@spglobal.com by Jan. 23, 2024.

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.