Fertilizers, Chemicals
May 14, 2025
Platts proposes to refine China domestic prilled urea methodology July 3
Platts, part of S&P Global Commodity Insights, proposes to refine the methodology for its existing Ex-works China domestic (Shandong) prilled urea (FPUCB04), effective July 3, 2025.
The proposed change is intended to better capture the market dynamics in the domestic China market.
Platts would tighten the specifications for this assessment from a low-high range assessment to a single "close" value.
The specifications -- quantity, timing and location -- for the assessment would be updated as follows:
| Assessment name | Ex-works Shandong, China domestic urea (prilled) (Yuan/mt) |
| Assessment symbol | FPUCB04 |
| Quality | Prilled |
| Nitrogen | 46% Nitrogen |
| Quantity | 5-30 mt |
| Location | EXW Shandong, basis Linyi |
| Timing | 1-7 days forward |
| Frequency | Weekly, every Thursday, 16:30 Penang time stamp |
| Unit of assessment | Yuan/mt |
The assessment currently appears under the symbol FPUCB04 in the Nitrogen Market report and Platts Connect, S&P Connect and the Platts price database.
Please submit any feedback, comments, or questions about this proposal to fertilizer@spglobal.com and pricegroup@spglobal.com by May 27, 2025.
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.