How does DTN FastRacks get its prices?
Reading Time: < 1 minuteMore than 80 suppliers provide pricing files directly to us for use in DTN FastRacks products. However, some companies are unable to publish pricing data in this way. Pricing from these companies is collected through DTN’s extensive wholesale network. This allows us to electronically process approximately 98% of the data.
Read MoreHow does DTN determine spot prices?
Reading Time: < 1 minuteDTN 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
Read MoreHow do Price Formulas based on Platts indexes work?
Reading Time: 1 minuteYou 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
Read MoreHow do Price Formulas based on NYMEX prices work?
Reading Time: < 1 minuteThe 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
Read MoreHow do Price Formulas based on DTN FastRacks indexes work?
Reading Time: 2 minutesThe 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
Read MoreHow do Price Formulas based on Argus indexes work?
Reading Time: < 1 minuteYou 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
Read MoreHow do Price Formulas based on a posted rack price work?
Reading Time: < 1 minuteYou can create price formula by applying an adjustment to the posted rack price from a designated supplier for a product or group of products. The system will use the posted rack price for the selected supplier/product combination as the basis for the contract price. Whenever a new posted rack price for the original supplier/product
Read MoreHow do inactive prices work with price exports?
Reading Time: < 1 minuteYou can include or exclude inactive prices from a price export.
Read MoreHow do I use the Freight Mileage Rate Table?
Reading Time: < 1 minuteYou can use the Freight Mileage Rate Table to define a range of miles and then attach a freight rate to it. The freight rate reflects the cost for transporting product from the origin terminal (where product is lifted) to the destination terminal (where product is delivered) or delivery area (for EFM only). You can
Read MoreHow do I use Freight Management with Best Rack?
Reading Time: < 1 minuteUsed in conjunction with Best Rack, Freight Management enables you to factor in freight costs when determining your best sourcing options. By ranking your options by best total cost (cost of product + total freight charges) you can make a smarter Best Rack decision. Best Rack Screen: When you select a destination for delivery of product
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