What types of resources are available in WTP?
Resource is WTP's umbrella term for everything you can put on the 'Commodity Market Prices' table, and there are four types: Commodities, Currencies, Energies and Indices. In the 'Add resources' pop-up you can filter to one type at a time with the 'Commodities', 'Currencies', 'Energies' and 'Indices' buttons. The reason the distinction matters is that the number in the table means something different for each type. A commodity price is money per unit of weight, an energy price is money per unit of energy, a currency is an exchange rate, and an index is a level relative to a base period rather than a price at all.
|
Type |
What the number is |
What you see in 'Per' |
Example resources |
|
Commodities |
The market price of a physical material, for the selected region |
A weight, `1 kg` by default |
Silver, Urea (NLD), Potassium Chloride (BRA) |
|
Currencies |
An exchange rate: what one unit of that currency is worth in your selected currency |
`1` |
US Dollar, Chinese Yuan |
|
Energies |
The price of energy, quoted per megawatt hour |
MWh, carried in the resource name |
Electricity, Spot (MWH) (NLD), Natural Gas, TTF (MWh) (NLD) |
|
Indices |
An index level, where the base period equals 100 |
No unit, because it is not a price |
Consumer Price Index (2015=100) (NLD), Labor Costs Index (2020=100) (NLD), Rebar INDEX (BEL) |
Tips:
- An index carries its base period in its name, for example `(2015=100)`. Two indices with different base years cannot be compared on their absolute values, only on their 'Change %'.
- Not every resource is quoted by weight. `Crude Oil (per barrel)` states its unit in the name, so read the resource name before you compare two numbers.
- Because the four types sit on very different scales, use 'Show as index' in the 'Price Development Chart' when you have mixed types in one chart.
For an explanation of the columns in the table, please see 'How do I interpret the commodity prices?' To add resources of any type, please see 'How do I add a resource / commodity?'