Methods of assessing mineral fertilizers and raw materials prices in global market
Market data used to make assessment
To make the right assessment for each market, World Fertilizer Market (Chem-Courier) uses different types of data obtained from Friday morning to Thursday at 15.00 (Kyiv time) in the following priority order:
— the latest spot and/or contract deal(s) done on the same basis as WFM publishes for the described region
— the latest spot and/or contract deal(s) done in the described region on a basis different yet convertible into a WFM quote (FOB into CFR and vice versa, CFR into FCA and vice versa, etc.)
— bids and offers on the WFM assessment basis during a trade lull
— the latest spot and/or contract deal(s) done on bases convertible into a WFM quote (FOB into CFR and vice versa, CFR into FCA and vice versa, etc.) in another region related to the described one during a trade lull in the described region
— the calculations involving deals for a substitute commodity selling more actively than the target one in the described region or this same commodity of a different origin selling more actively in the usual outlet for the target one during a trade lull
All the deals stipulate spot shipment within six weeks unless stated otherwise in the detailed methodology for a specific commodity.
The final decision on which of the above-mentioned data types should be included into the weekly price assessment is taken by the supervising editor based on the current situation in a specific market.
World Fertilizer Market (Chem-Courier) quotes are based on survey of the producers, traders, importers, distributors, wholesalers, retailers, dealers and end users doing business and independent market players. The published price assessments are based on the information received by phone and other means of communication.
Data source reliability and independence
World Fertilizer Market (Chem-Courier) is an independent price reporting agency. 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.
Price assessment methodology relevance
World Fertilizer Market (Chem-Courier) amends the price assessment methodology as needed to keep it relevant and market-driven. The editorial team 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 a quote change.
PRODUCTS SPECIFICATIONS, CONTRACT BASIS AND STANDARD QUANTITY OF PARCELS