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METHODOLOGY

Methods of price assessment of mineral fertilizers and raw materials for the global market

Frequency
Prices are assessed of the data obtained from Friday (last week) through Thursday (current week) (before deals are closed at 04:00 PM Kiev time)

Information sources
Prices are based on survey of suppliers (traders, producers) and importers. Offers from suppliers and actual deals on certain payment basis are taken into account. Prices are in US dollars per metric tonne, except cases specified in the table.

Delivery time
Within 3-6 weeks from the date of price publication.

Price assessment methodology relevance
This methodology was last updated on 1 June 2020. Chem-Courier Information Agency (World Fertilizer Market) amends the price assessment methodology as needed to keep it relevant and market-driven. The editorial board revises the methodology at least semi-annually. The methodology, its separate items and the collected data can be put before the editorial board irrespective of the amendment schedule if the market conditions underlying quote change.

Data source reliability and independence
World Fertilizer Market (Chem-Courier) is an independent pricing information service provider. We cross-check each published quote by interviewing several unrelated sources. The Agency places the companies providing misleading information on the unreliable source list. World Fertilizer Market (Chem-Courier) staff is forbidden from dealing in any of the commodities its journals cover.

Information sources
The published pricing data is compiled through survey by phone and other means of communication.

Products specifications, contract basis and standard quantity of parcels

         Product
       Quality specifications    
       Contract basis                            
       ‘000 tonnes    
       Terms of payment
Ammonia
       anhydrous, liquefied
       FOB Yuzhny
≥ 5
       100% prepayment
       anhydrous, liquefied
       FOB Baltic Sea
≥ 5
       100% prepayment
       anhydrous, liquefied
       FOB Middle East
≥ 5
       CAD, LC
       anhydrous, liquefied
       FOB Caribbean
≥ 5
       CAD, LC
       anhydrous, liquefied
       CFR NW Europe (duty paid)
≥ 5
       100% prepayment, LC
       anhydrous, liquefied
       CFR Tampa
≥ 5
       CAD, LC
       anhydrous, liquefied
       CFR India
≥ 5
       LC
       anhydrous, liquefied
       CFR SE Asia (spot)
≥ 5
       100% prepayment, LC
       anhydrous, liquefied
       CFR North Africa
≥ 5
       100% prepayment, LC
Urea
       granular
       FOB Baltic Sea
≥ 5
       100% prepayment
       granular
       FOB China
≥ 5
       100% prepayment, LC
       granular
       FOB Egypt
≥ 5
       100% prepayment
       granular
       FOB Indonesia
≥ 5
       100% prepayment, LC
       granular
       FOB Malaysia
≥ 5
       100% prepayment, LC
       granular
       FOB Middle East (USA excl.)
≥ 5
       100% prepayment, LC, CAD    
       granular
       FOB Middle East (US netback)
≥ 5
       100% prepayment, CAD
       granular
       FOB NOLA
≥ 1,5
       Trade credit (55-60 days)
       granular
       FCA French Bay (bulk), €/t
≥ 1
       Trade credit (30-50 days)
       granular
       FCA Germany (bulk), €/t
≥ 0,5
       Trade credit (10 days)
       granular
       EXW Spain (bulk), €/t
≥ 1
       Trade credit (90 days)
       granular
       FCA Ravenna (big bag), €/t
≥ 1
       Trade credit (60-90 days)
       granular
       FCA Ferrara (big bag), €/t
≥ 1
       Trade credit (60-90 days)
       granular
       UK (farm del), big bag, £/t
≥ 0,028
       Trade credit (30 days)
       prilled
       FOB Baltic Sea
≥ 5
       100% prepayment
       prilled
       FOB Black Sea
≥ 5
       100% prepayment
       prilled
       FOB China
≥ 5
       LC, T/T, 100% prepayment
       prilled
       FOB Indonesia
≥ 5
       100% prepayment, LC
       prilled
       FOB Middle East
≥ 5
       CAD, LC
       prilled
       CFR Brazil
≥ 5
       100% prepayment
       prilled
       CFR Gulf of Mexico
≥ 5
       LC, 100% prepayment
       prilled
       CFR India
≥ 5
       LC
       prilled
       CFR Turkey
≥ 5
       LC
Ammonium nitrate
       34%
       FOB Black Sea
≥ 5
       100% prepayment
       34%
       FOB Baltic Sea
≥ 5
       100% prepayment
       34%
       CFR Brazil
≥ 5
       100% prepayment
       34%
       UK (farm del), big bag, £/t
≥ 0,028
       Trade credit (30 days)
       34%
       France del (bulk), €/t
≥ 1
       Trade credit (30-50 days)
CAN
       27%
       CIF Germany (€)
≥ 3
       100% prepayment
UAN
       32%
       FOB Black Sea
≥ 5
       100% prepayment
       32%
       FOB Baltic Sea
≥ 5
       100% prepayment
       32%
       FOB Damietta
≥ 5
       100% prepayment
       30%
       FOT Rouen (€)
≥ 5
       100% prepayment
       32%
       CFR US East Coast
≥ 5
       100% prepayment
     Ammonium sulphate    
       steel
       FOB Black Sea
≥ 5
       100% prepayment
       steel
       FOB China
≥ 5
       100% prepayment, LC
       steel
       CFR Turkey
≥ 5
       LC
       steel
       CFR SE Asia
≥ 5
       100% prepayment, LC
       capro
       FOB Black Sea
≥ 3
       100% prepayment
       capro
       FOB Baltic Sea
≥ 3
       100% prepayment
       capro
       FOB NW Europe (Brazil excl.)
≥ 3
       100% prepayment
       capro
       FOB China
≥ 5
       100% prepayment, LC
       capro
       CFR Brazil
≥ 5
       100% prepayment
       capro
       CFR Turkey (duty unpaid)
≥ 5
       LC
       capro
       CFR SE Asia
≥ 5
       100% prepayment, LC
NPK   
       16:16:16
       FOB Baltic Sea
≥ 5
       100% prepayment
       15:15:15
       FOB Baltic Sea
≥ 5
       100% prepayment
       10:26:26
       FOB Baltic Sea
≥ 5
       100% prepayment
       16:16:16
       CFR China
≥ 5
       100% prepayment
       16:16:16
       CFR SE Asia
≥ 5
       100% prepayment
       15:15:15
       FOB Morocco
≥ 5
       LC, CAD
       16:16:16
       CPT Lithuania (on farm)
≥ 0,3
       Trade credit (180-210 days)
       10:26:26
       CPT Lithuania (on farm)
≥ 0,3
       Trade credit (180-210 days)    
       16:16:16
       EXW Serbia
≥ 1
       100% prepayment
       15:15:15
       EXW Serbia
≥ 1
       100% prepayment
       8:24:24
       FCA Police (big bags)
≥ 0,028
       Trade credit (14-30 days)
       6:20:30
       FCA Police (big bags)
≥ 0,028
       Trade credit (14-30 days)
       15:15:15
       Del in bulk, Spain
≥ 1
       Trade credit (60-90 days)
       15:15:15
       Merchant del, France
≥ 1
       Trade credit (30-50 days)
       15:15:15
       FCA Ravenna (big bags)
≥ 1
       Trade credit (60 days)
       15:15:15
       EXW Belgium (bulk)
≥ 0,030
       Trade credit (30 days)
       1:05:05
       merchant del, UK
≥ 0,028
       Trade credit (60 days)
       20:10:10
       merchant del, UK
≥ 0,028
       Trade credit (60 days)
       3:06:06
       farm del (bagged), Ireland
≥ 0,010
       Trade credit (60 days)
       15:15:15
       FCA Bulgaria (big bags)
≥ 0,5
       100% prepayment
DAP
       18:46
       FOB Baltic Sea (Russian product)  
≥ 5
       100% prepayment
       18:46
       FOB Tampa
≥ 5
       LC, 100% prepayment
       18:46
       FOB NOLA
≥ 1.5
       100% prepayment
       18:46
       FOB Mexico
≥ 5
       CAD, LC
       18:46
       FOB Saudi Arabia
≥ 5
       CAD, LC
       18:46
       FOB Jordan
≥ 5
       LC
       18:46
       FOB Morocco
≥ 5
       LC
       18:46
       FOB Tunisia
≥ 5
       LC
       18:46
       FOB China
≥ 5
       LC, T/T, 100% prepayment
       18:46
       CFR India
≥ 5
       LC
       18:46
       CFR Pakistan
≥ 5
       LC
MAP 
       12:52
       FOB Baltic Sea
≥ 5
       100% prepayment
       12:52
       FOB Tampa
≥ 5
       LC, 100% prepayment
       12:52
       FOB NOLA
≥ 1.5
       100% prepayment
       12:52
       FOB Morocco
≥ 5
       LC
       12:52
       CFR Brazil
≥ 5
       CAD, LC
       12:52
       CFR Argentina
≥ 5
       CAD, LC
       11:44
       FOB China
≥ 5
       LC, 100% prepayment
       10:50
       FOB China
≥ 3
       LC, 100% prepayment
Sulphur (spot)
       granular
       FOB Canada
≥ 5
       LC, 100% prepayment
       granular
       FOB Middle East
≥ 5
       LC, 100% prepayment
       granular
       FOB Iran
≥ 5
       LC, 100% prepayment
       granular
       FOB Baltic Sea
≥ 5
       LC, 100% prepayment
       granular
       FOB Black Sea
≥ 5
       LC, 100% prepayment
       granular
       СFR China
≥ 5
       LC, 100% prepayment
       granular
       СFR India
≥ 5
       LC, 100% prepayment
       granular
       CFR Brazil
≥ 5
       LC, 100% prepayment
       granular
       CFR North Africa
≥ 5
       LC, 100% prepayment
Sulphuric acid (spot)
       at or above 98%
       FOB S. Korea
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Japan
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Philippines
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Spain
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Belgium
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Bulgaria
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Canada
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Mexico
≥2
       LC, 100% prepayment
       at or above 98%
       FOB Peru
≥2
       LC, 100% prepayment
       at or above 98%
       CFR US Gulf
≥2
       LC, 100% prepayment
       at or above 98%
       CFR Chile
≥2
       LC, 100% prepayment
       at or above 98%
       CFR Brazil
≥2
       LC, 100% prepayment
       at or above 98%
       CFR China
≥2
       LC, 100% prepayment
       at or above 98%
       CFR India
≥2
       LC, 100% prepayment
       at or above 98%
       CFR Australia*
≥2
       LC, 100% prepayment
*— estimated price