Argus, a global energy and commodity price reporting agency, has launched the Argus EU Low-carbon Ammonia Benchmark (EULAB) to support companies trading low-carbon hydrogen products into Europe. The EULAB index represents the cost of low-carbon ammonia delivered to key European ports and is poised to benefit from the upcoming Carbon Border Adjustment Mechanism (CBAM) in the EU starting in 2026. While European policies focus on subsidizing 'green' products, the cost-effectiveness and availability of blue ammonia may lead to its increased importation for marine fuel and power generation, as well as for hydrogen production. Argus anticipates the US to emerge as a vital hub for blue ammonia exports to Europe in the next decade, with the EULAB index based on US Gulf coast production and delivery logistics. The index provides a robust market reference and can be adjusted to accommodate different carbon intensities in production methods. It has shown significant price fluctuation, emphasizing the need for a reliable benchmark. The EULAB index complements Argus' suite of ammonia price assessments and hydrogen production cost data worldwide. Following the success of the Argus Japan Korea Low-carbon Ammonia Benchmark (JKLAB), the EULAB aims to offer transparency and management of input costs for market participants trading ammonia products. Argus, with its global presence and reputation for reliable market intelligence, continues to play a pivotal role in facilitating trade, risk management, and decision-making in commodity markets.