What is rotterdam platt price on d2 today?

Answer 1

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.