Benchmark contracts
| Benchmark | Type | Contract spec | Unit | Range | As of | Deliverable grade |
|---|---|---|---|---|---|---|
| Spain/France FOB MediterraneanHeadline | physical_fob | — | USD/MT | 4500–6500 | Dec 2024 | — |
| Turkey FOB | physical_fob | — | USD/MT | 18000–28000 | Dec 2024 | — |
| Spain CIF North Europe | physical_cif | — | USD/MT | 3000–5000 | Dec 2024 | — |
Premium structure
Differentials between benchmarks reveal where physical thyme trades relative to the futures reference and how regional grades price against the global standard.
| Benchmark | Differential | Notes |
|---|---|---|
| Spain/France FOB Mediterranean | — | |
| Turkey FOB | — | |
| Spain CIF North Europe | — |
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