The DTN Spot Ticker is extremely effective in determining the change for next day price postings at the rack. But it is only one tool within a suite of tools found in DTN Fuel Buyer. We urge you to take advantage of the whole package to guard against a sudden departure in the spot-to-rack relationship.
FAQ
Why does it sometimes looks like prices are going down but the next day my supplier’s price are up?
Many factors affect the spot market price, including local supply issues that occur when a terminal is temporarily or permanently shut down. The forward roll in either the pipeline cycle or the future contract used to index the spot value can also cause the spot ticker to seem an unreliable predictor. Whether it’s a local supply
How does DTN determine spot prices?
DTN maintains contact throughout the day with refiners, traders, marketers and brokers in each respective region for transactions closed in various open markets. Our experienced staff uses that expert input to update the DTN Spot Ticker cash differential with the bid/ask and actual deals transacted in the market. Spot prices are for prompt delivery based
How can the Spot Ticker help me?
The spot market is the primary driver in determining supplier postings at the rack. The spot market establishes suppliers’ replacement costs for product. That cost is then used to set the price at the terminal for products that will be lifted by tanker trucks the subsequent day, and sold at retail outlets over the next few
What are the spot market prices based on?
Spot market prices are based on the financial market and the bulk wholesale market, which are primarily determined by the market’s opinion on the supply and demand outlook over the coming days and weeks. The refined fuels spot market, like other commodity markets, is based on the cost of replacement. In other words, a supplier will
Why should I customize Fuel Buyer?
The ability to customize ensures that you get the most out of your DTN Fuel Buyer experience. Many of the customizable features are directly reflected on the Price Analysis and Best Rack screens. This helps you analyze the many unique pricing parameters that impact your buying environment. You can set up price rules and adjustments
How do Price Formulas based on Argus indexes work?
You can create a price formula based on an Argus spot assessment. The price formula can be based on the trading day mean or low price. It can be tied to the previous or the current day Argus contract. Your company must be an Argus subscriber in order to set up Argus price formulas
How do Price Formulas based on Platts indexes work?
You can create an advanced price formula based on a Platts spot assessment. The price formula can be based on the trading day mean or low price. It can be tied to the previous or the current day Platts assessment. Your company must be a Platts subscriber in order to set up Platts price
How do Price Formulas based on DTN FastRacks indexes work?
The Advanced Price Formula screen lets you set up a price based on a DTN FastRacks Index. You must be a DTN FastRacks subscriber in order to use this feature. You must also be authorized to receive DTN FastRacks prices at the market city for the terminal where you wish to lift product. You
How do Price Formulas based on NYMEX prices work?
The Create New Future Index-based Price Formula screen lets you set up a price based on a NYMEX futures index. You begin by selecting the futures index you want for the base price. The base price will be based on the last settlement price for the nearby contract, which will be updated each day to