Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| US Gulf CoastHeadline | physical_fob | — | USD/MT | 165–195 | Jan 2025 | — |
| Rotterdam, Netherlands | physical_cif | — | USD/MT | 210–245 | Jan 2025 | — |
| Bangkok/Ho Chi Minh City | physical_cif | — | USD/MT | 195–230 | Jan 2025 | — |
Premium structure
Differentials between benchmarks reveal where physical ddgs trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| US Gulf Coast | — | |
| Rotterdam, Netherlands | — | |
| Bangkok/Ho Chi Minh City | — |
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