Fertilizers, Chemicals, Energy Transition, Renewables
July 03, 2025
Platts launches AN Black Sea assessments, adjusts existing FOB Black Sea AN specifications July 3
Platts, part of S&P Global Commodity Insights, has launched FOB Novorossiisk and FOB Poti ammonium nitrate assessments and adjusted the specifications of the existing weekly FOB Black Sea AN assessment, effective July 3.
The new assessments and adjusted specifications will provide more granularity to our nitrates coverage in the Black Sea region.
Platts has launched two weekly single-number assessments reflecting AN shipped from the Russian port of Novorossiisk and the Georgian port of Poti.
The quantity specification of the FOB Black Sea assessment has been narrowed to 3,000-15,000 mt from the previous minimum 4,000 mt threshold.
The specifications for the FOB Poti and FOB Novorossiisk assessments are detailed below:
| Assessment name | AN FOB Poti | AN FOB Novorossiisk |
| Platts Symbol | FANBC04 | FANBD04 |
| Quality | 34.5% N ammonium nitrate | 34.5% N ammonium nitrate |
| Quantity | 3,000-15,000 mt | 6,000-15,000 mt |
| Basis and location | Open origin product loading out of Poti | Open origin product loading out of Novorossiisk |
| Timing | Product loading 14-45 days forward | Product loading 14-45 days forward |
| Frequency | Weekly, every Thursday | Weekly, every Thursday |
| 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 |
| Assessment Type | Close Price- Single Value | Close Price- Single Value |
The specifications of the existing AN FOB Black Sea range assessment (FANBB04) have been adjusted to align with those of the FOB Poti and FOB Novorossiisk assessments. The quantity specification of the FOB Black Sea assessment has been narrowed to 3,000-15,000 mt from the previous minimum 4,000 mt threshold.
The weekly FOB Black Sea AN assessment was previously published as a range with a low and high value. Following these changes, the low and high of the existing AN FOB Black Sea are derived from the above two assessments: the single-number assessment for AN FOB Poti and AN FOB Novorossiisk. No new market information is considered for the assessment of the range.
For example, if FOB Novorossiisk is assessed at $250/mt and the FOB Poti at $320/mt in a given week, then FOB Black Sea will be reflected as a range of $250-$320/mt.
The adjustments to the specifications of the established weekly FOB Black Sea AN assessment are detailed below:
| Previous specifications | New specifications | |
| Assessment name | AN FOB Black Sea | AN FOB Black Sea |
| Symbol | FANBB04 | FANBB04 |
| Quality | 34.5% N ammonium nitrate | 34.5% N ammonium nitrate |
| Quantity | Minimum 4,000 mt | 3,000-15,000 mt |
| Basis and location | Russian or non-Russian product loading out of Black Sea ports | FOB Poti and AN FOB Novorossiisk. The low and high of the range are derived from the weekly single number AN FOB Poti ( FANBC04) and AN FOB Novorossiisk assessment ( FANBD04) |
| Timing | Product to be shipped up to 30 days forward. | Product loading 14-45 days forward |
| Frequency | Weekly, every Thursday | Weekly, every Thursday |
| 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 |
| Assessment Type | High, Low Price- Range | High, Low Price- Range |
The assessments are published in the weekly Nitrogen Market Report, S&P Connect, Platts Connect and the Platts price database.
A proposal to change the methodology for the assessment was published April 30 here. A decision note outlining changes to the methodology of the assessment was published May 22 here.
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