It moves up and down with the market, and the price quote is given in numerous places. The dominant Platt quote is for North Western Europe (NWE), used to be known a "Rotterdam Platt". This is given in US dollars per metric tons.
For the US market, there is a Platt quote for new York harbor, and the Mexican Gulf, in US $ per gallons. Just for the fun of it, the oil companies assumes that there is 304 gallons per MT.
The quantity traded is assumed to be 5000MT or a barge.
The Platt quotes are published by Wiley and is actually not the price of the commodity D2 Gasoil, but for the future option. Futures are traded for deliveries to be done and is used by the banks to split the profit or loss made on commodity traded on long term contracts. The pertinent question to raise is then if the Platt price quoted is formed by the banks to meet their "bets" on expected price, or actually determined by variation in supply and demand for a product.
There are a number of sites that provide the price quote. You need a paid subscription to receive the quote from Platt. The alternative is to look at bunker-prices (ship'd fuel) world wide. These bunker prices are what ship-owers pay for 1 MT of "MDO" or "MGO" - Marine Diesel Oil/ Marine Gas Oil. The other bunker fuels are furnace oils such as CST180.
It moves up and down with the market, and the price quote is given in numerous places. The dominant Platt quote is for North Western Europe (NWE), used to be known a "Rotterdam Platt". This is given in US dollars per metric tons.
For the US market, there is a Platt quote for new York harbor, and the Mexican Gulf, in US $ per gallons. Just for the fun of it, the oil companies assumes that there is 304 gallons per MT.
The quantity traded is assumed to be 5000MT or a barge.
The Platt quotes are published by Wiley and is actually not the price of the commodity D2 Gasoil, but for the future option. Futures are traded for deliveries to be done and is used by the banks to split the profit or loss made on commodity traded on long term contracts. The pertinent question to raise is then if the Platt price quoted is formed by the banks to meet their "bets" on expected price, or actually determined by variation in supply and demand for a product.
There are a number of sites that provide the price quote. You need a paid subscription to receive the quote from Platt. The alternative is to look at bunker-prices (ship'd fuel) world wide. These bunker prices are what ship-owers pay for 1 MT of "MDO" or "MGO" - Marine Diesel Oil/ Marine Gas Oil. The other bunker fuels are furnace oils such as CST180.
Platt Price D2 Singapore ? How much
platt price on d2 today?
what is today d2 dubai platt price
what is gulf coast price for d6 today
today 6th August 2012 is the price you are asking for at platt Fujairah about 1010 USD / MT
20th of August, ARA Platt price was on D2 Diesel USD 934.00 per MT
You can find Gulf Coast Platt price for D2 on ychart.com or http://www.comebuy-ask.com/todays-platt-price-for-d2/ . The prices may vary on different websites.
d2 price today?
990 rotterdam 920 singapore
d2 price today?
D2 Plats price Rotterdam for todayD4 Plats price Rotterdam for today
The price for D2 at Dubai Platt on 8 April 2013 was approximately $2.6 million dollars. The price of oil and gasoline has been increasing steadily over the past few years, so this should come as no surprise. The price will continue to increase.