Fertilizers, Chemicals, Energy Transition, Renewables
June 27, 2025
Platts adjusts daily and weekly CFR Med ammonia assessments; launches daily CFR North Africa ammonia assessment June 27
Platts, part of S&P Global Commodity Insights, has adjusted the specifications of its daily and weekly CFR Med Region ammonia assessments and launched a daily CFR North Africa ammonia assessment, effective June 27, 2025.
The adjustments to the specifications of the daily and weekly CFR Med Region ammonia assessments and launch of a daily CFR North Africa ammonia assessment follow a proposal published here (opens in a new tab)May 12, 2025, and a decision published here (opens in a new tab)May 30, 2025.
The specification changes and assessment launch more clearly capture the market dynamics of the region, recognizing the differences in origin and volume of spot cargoes delivered to Moroccan and Turkish ports.
The daily single number CFR North Africa ammonia assessment has been launched with a basis location of Jorf Lasfar, Morocco with the following specifications:
Assessment Name: Ammonia CFR North Africa - daily (AFRNA00)
Quality: Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius, with no restrictions on carbon intensity
Quantity: Basis 25,000 mt
Basis and location: Spot; Basis port Jorf Lasfar, Morocco
Timing: Product to be delivered one-to-six weeks forward
Frequency: Daily
Appears in: Platts Fertecon Daily
Unit of measurement: $/mt
Timestamp: 16:30 London close, published according to the London publishing calendar
Simultaneously, the daily CFR Med Region ammonia assessment (FAMMC00) has been renamed CFR Turkey, the quantity specification adjusted from 5,000-15,000 mt to 15,000 mt, and the basis location for the assessment narrowed to Mediterranean Sea ports in Turkey.
| Old specifications | Updated specifications | |
| Assessment name | CFR Med Region - daily (FAMMC00) | CFR Turkey (FAMMC00) |
| Quality | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius, with no restrictions on carbon intensity |
| Quantity | 5,000-15,000 mt | 15,000 mt |
| Basis and location | Spot; CFR Mediterranean, basis Turkey (assessment excludes Spain/Portugal, but includes all relevant marine ports in Morocco, Tunisia, Italy, Greece, Egypt, Turkey and Bulgaria) | Spot; Basis Mediterranean Sea ports, Turkey |
| Timing | Product to be shipped 1-6 weeks forward | Product to be delivered 1-6 weeks forward |
| Frequency | Daily | Daily |
| Appears in | Platts Fertecon Daily | Platts 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 |
In addition, Platts has removed the contract element of the established weekly CFR Med Region assessment (FAMRA04), adjusted its quantity and location specifications, and standardized the relationship between the weekly CFR Med Region ammonia assessment and the aforementioned daily CFR Turkey and CFR North Africa ammonia assessments.
As of June 27, the CFR Med Region weekly range consistently reflects the lowest and highest of the daily CFR Turkey and CFR North Africa ammonia assessments published over the course of the preceding trading week(Friday to Thursday).
| Old specifications | Updated specifications | |
| Assessment name | CFR Med Region - weekly (FAMRA04) | CFR Med Region - weekly (FAMRA04) |
| Quality | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius. | Anhydrous ammonia, which is around 82% nitrogen and is stored and transported as a liquid under pressure at around minus 33 degrees Celsius, with no restrictions on carbon intensity. |
| Quantity | Minimum 4,000 mt | 15,000-25,000 mt |
| Basis and location | Contract and spot. Countries covered: Spain, Portugal, Morocco, Tunisia, Italy, Greece, Egypt, Turkey, and Bulgaria. Discharge ports: All Mediterranean, Atlantic and Black Sea ports in the countries listed above | Spot. Basis locations Mediterranean sea ports, Turkey , and Jorf Lasfar, Morocco. The weekly CFR Med Region range assessment reflects the lowest and the highest of the daily CFR Turkey and CFR North Africa assessments published over the course of the preceding trading week. |
| Timing | Product to be shipped up to six weeks forward | Product to be delivered 1-6 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 daily CFR North Africa assessment and the daily CFR Med Region (Turkey) assessment appear in the Fertecon Daily PDF and are available via Platts Connect. The adjusted weekly CFR Med Region assessment appears in the Ammonia Market Report PDF each Thursday and is available via Platts Connect.
Please send any feedback, questions, and comments to fertilizer@spglobal.com and pricegroup@spglobal.com.
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.