Price Formulas

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 through

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 formulas

The Advanced Price Formula screen lets you set up a price based on a DTN FastRacks Index. NOTE: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 you wish to lift product. You begin by

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

You 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