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- Benchmark_price abstract "Benchmark price (BP) is the price per unit of quantity of a commodity traded in the international marketplace, set by the country or producers' organization that consistently exports the largest quantity or volume of the commodity or in a marketplace such as the London Metal Exchange. This price is set periodically, usually monthly and serves as a guideline for international trade in the commodity.The term "benchmark" can be applied to many aspects of public concern, such as quality, services, attitudes and others, denoting the highest standards achieved in such spheres. For example, a school or university could be cited as setting the benchmark for education. A hotel could be cited as setting the benchmark for quality of service. The phrase "international benchmark price", however, is synonymous with prices of commodities in international trade.Benchmark prices apply to all commodities. An example is the benchmark prices that apply to crude oil in the international marketplace.It is not mandatory for exporting countries or importing countries to use the benchmark price as international trade is based on favourable prices. Traders use the benchmark price as a guide for spot trading and trading in commodity futures.The benchmark price is often the most important consideration when determining export prices.A commodity will sell for more or less than the benchmark price depending on how it compares to the benchmark commodity (percentage of undesirable components such as sulfur, for example) and where it is to be delivered, if other than the benchmark price's pdelivery point.Also seeBenchmark (crude oil)".
- Benchmark_price wikiPageID "35750685".
- Benchmark_price wikiPageLength "2284".
- Benchmark_price wikiPageOutDegree "12".
- Benchmark_price wikiPageRevisionID "677988404".
- Benchmark_price wikiPageWikiLink Benchmark_(crude_oil).
- Benchmark_price wikiPageWikiLink Category:Articles_created_via_the_Article_Wizard.
- Benchmark_price wikiPageWikiLink Category:Commodities.
- Benchmark_price wikiPageWikiLink Category:Financial_terminology.
- Benchmark_price wikiPageWikiLink Category:Pricing.
- Benchmark_price wikiPageWikiLink Commodities.
- Benchmark_price wikiPageWikiLink Commodity.
- Benchmark_price wikiPageWikiLink Commodity_futures.
- Benchmark_price wikiPageWikiLink Futures_contract.
- Benchmark_price wikiPageWikiLink International_trade.
- Benchmark_price wikiPageWikiLink London_Metal_Exchange.
- Benchmark_price wikiPageWikiLink Pdelivery_point.
- Benchmark_price wikiPageWikiLink Spot_trading.
- Benchmark_price wikiPageWikiLinkText "Benchmark price".
- Benchmark_price wikiPageWikiLinkText "reference point".
- Benchmark_price hasPhotoCollection Benchmark_price.
- Benchmark_price wikiPageUsesTemplate Template:Business-term-stub.
- Benchmark_price wikiPageUsesTemplate Template:Orphan.
- Benchmark_price wikiPageUsesTemplate Template:Reflist.
- Benchmark_price subject Category:Articles_created_via_the_Article_Wizard.
- Benchmark_price subject Category:Commodities.
- Benchmark_price subject Category:Financial_terminology.
- Benchmark_price subject Category:Pricing.
- Benchmark_price hypernym Price.
- Benchmark_price type Person.
- Benchmark_price comment "Benchmark price (BP) is the price per unit of quantity of a commodity traded in the international marketplace, set by the country or producers' organization that consistently exports the largest quantity or volume of the commodity or in a marketplace such as the London Metal Exchange.".
- Benchmark_price label "Benchmark price".
- Benchmark_price sameAs m.0zdnznm.
- Benchmark_price sameAs Q16840241.
- Benchmark_price sameAs Q16840241.
- Benchmark_price wasDerivedFrom Benchmark_price?oldid=677988404.
- Benchmark_price isPrimaryTopicOf Benchmark_price.