Articles on: Primary Commodity Prices

What kind of commodity price is published: spot, contract or something different?

What Transaction Price means?



Transaction prices refers to an estimate of monthly averages of the prices at which international trade transactions were effectively closed.

Transaction prices are mixes of contract and spot prices actually negociated in markets. For further details about Intratec's Price Data, click our methodologies.

Notes

Contract Prices reflect the average of the prices agreed in long-term contracts settled in a given month. These contracts usually refer to long-term relationships, in which the commodity is regularly delivered over months.

Spot Prices reflect the prices at which the commodity can be purchased for immediate delivery. Differently from contract prices, spot prices are ruled by the current availability of the commodity in the marketplace.

More information about types of Commodities prices can be found in this article published by Intratec.

Updated on: 09/08/2023