Fertilizers, Chemicals, Energy Transition, Renewables
June 27, 2025
Platts launches daily CFR India ammonia assessments, refines weekly CFR India ammonia specifications
Platts, part of S&P Global Commodity Insights, has launched daily ammonia assessments for CFR West and East Coast India and adjusted the specifications of the established weekly CFR India (FAICA04) ammonia assessment, effective June 27, 2025.
Platts has launched daily single-number assessments for ammonia CFR East Coast India and CFR West Coast India in an effort to provide a more granular view of the world's largest import market for ammonia.
The specifications of the daily assessments are detailed below:
| Assessment name | CFR West Coast India (ACWCI00) | CFR East Coast India (ACECI00) |
| Quality | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C, with no restrictions on carbon intensity | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C, with no restrictions on carbon intensity |
| Quantity | Basis 25,000 mt | Basis 25,000 mt |
| Basis and location | Spot. Basis location Kandla. | Spot. Basis location Paradeep. |
| Timing | Delivery one to six weeks forward | Delivery one to six weeks forward |
| Frequency | Daily | Daily |
| Appears in | Fertecon Daily | Fertecon Daily |
| Unit of measurement | $/mt | $/mt |
| Timestamp | 16:30 London close, published according to the London publishing calendar | 16:30 London close, published according to the London publishing calendar |
The specifications of the existing weekly CFR India ammonia assessment (FAICA04) have also been adjusted to align with those of the new daily CFR East Coast India and CFR West Coast India ammonia assessments.
Under this alignment, the contract element of the weekly CFR India assessment has been removed, and the quantity specification has been narrowed to a basis of 25,000 mt.
In addition, Platts has standardized the relationship between the proposed daily single-number assessments and the established weekly CFR India low-high assessment. From June 27, the weekly range reflects the lowest and highest of the daily CFR East Coast India and CFR West Coast India assessments published over the preceding week.
The adjustments to the specifications of the established weekly CFR India assessment are detailed below:
| Old specifications | Updated specifications effective June 27 | |
| Assessment name | CFR India (FAICA04) | CFR India (FAICA04) |
| Quality | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C. | Anhydrous ammonia, which is around 82% Nitrogen and is stored and transported as a liquid under pressure at around minus 33 C, with no restrictions on carbon intensity |
| Quantity | Minimum 4,000 mt | Basis 25,000 mt |
| Basis and location | Contract and spot. Countries covered: India. The assessment covers deliveries to both west and east coasts. Discharge ports: All ammonia-importing ports/terminals in India. Published prices include known/reported CFR prices obtained from suppliers/buyers/traders. The price range is represented by a mix of spot CFR prices at the time of purchase, tender results at the time of award (not the time of shipment), as well as prices of the most recent cargoes delivered to India. | Spot. Basis locations Kandla and Paradeep. The weekly CFR India range assessment reflects the lowest and the highest of the daily CFR West Coast India and CFR East Coast India assessments published over the course of the preceding week. |
| Timing | Product to be shipped up to six weeks forward | Delivery one to six weeks forward |
| Frequency | Weekly | Weekly |
| Appears in | Ammonia Market Report | Ammonia Market Report |
| Unit of measurement | $/mt | $/mt |
| Timestamp | 16:30 London close, published according to the London publishing calendar | 16:30 London close, published according to the London publishing calendar |
The new daily CFR East Coast India and CFR West Coast India ammonia assessments appear in the Platts Fertecon Daily PDF and are available via Platts Connect.
The established weekly CFR India range assessment appears in the Ammonia Market Report PDF each Thursday and is available via Platts Connect.
The launch of daily single number CFR West Coast India and CFR East Coast India ammonia assessments and adjustments to the specifications of the existing weekly CFR India ammonia assessment follow a proposal published here April 25, 2025, and a decision note published here May 16, 2025.
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