Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Global trade value snapshotHeadline | physical_fob | Global trade value of beeswax, other insect waxes and spermaceti | USD/MT | — | 2024 | — |
| EU market | physical_cif | Refined beeswax for non-food, non-feed, non-apiculture use subject to EU animal-by-product rules | USD/MT | — | 2026 | — |
| Asian/African export origin | physical_fob | Natural beeswax blocks/pastilles, export grade | USD/MT | — | 2026 | — |
Premium structure
Differentials between benchmarks reveal where physical beeswax trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Global trade value snapshot | — | |
| EU market | — | |
| Asian/African export origin | — |
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