Platts proposes to move MOC timestamp for FOB Australia phosphate assessment

Platts, part of S&P Global Commodity Insights, is proposing to change the timestamp of the weekly FOB Australia phosphate assessment to 16:30 Penang time, from 16:30 London time at present, effective Feb. 20, 2025.

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

The proposed change applies to the following weekly assessment:

· Diammonium Phosphate FOB Australia $/mt Wkly (FDPBI04)

The assessment appears in the Phosphate Market Report and is available via Platts Connect with a 16:30 Thursday Penang timestamp.

Full details of Platts Fertilizer coverage can be found in the Specifications Guide available here(opens in a new tab).

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(opens in a new tab).

As of Feb. 20, 2025, 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 Phosphate Market Report is published on Thursdays. As May 1, 2025 is a Thursday, and a public holiday in Penang, the Australia phosphate assessment and commentary would be produced and published on Platts Connect and the Connect Data Browser on Wednesday, April 30, 2025.

They would appear in the weekly Phosphate Market Report published on Thursday May 1, 2025, alongside EMEA and Americas content generated on Thursday.

Please send any feedback, questions and comments to fertilizer@spglobal.com and pricegroup@spglobal.com by Jan. 29, 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.