ORDFan From United States of America, joined Jun 2007, 378 posts, RR: 0
Reply 4, posted (3 years 8 months 1 week 2 days 12 hours ago) and read 5156 times:
Finding free, publicly available daily settlement prices for Jet A is difficult; several publications designed for oil traders will detail the price at a specific geographic locations, known as the basis, relative to the some standardized contract, often NYMEX No. 2 heating oil. Additionally, jet A prices vary (sometimes considerably) from region to region throughout the world.
If you are looking for a "rough" proxy, one can find daily settlement prices on CME's website for the No.2 heat and crude, and this is known as the heat crack:
You can take the price/settle of No. 2 heating oil contract - basically an industrial grade dyed distillate which other physical distillate contracts like Jet, marine diesel, ULSD, LSD, etc., are priced against. Multiply the settlement price - given in $/gal -- by 42 (#of gallons in a barrel) and then subtract FROM this number the price/settle of NYMEX WTI.