Laura Cross - 2 November 2011
Integer has launched DEF Tracker, the first independent monthly Diesel Exhaust Fluid (DEF) price reference for the North American market, in response to increasing trading activity and more frequent contract settlements. A pilot issue was published October 31, 2011.
DEF Tracker draws on Integer's strong position and expertise in DEF, fertilizer and chemical intermediates market analysis and price reporting.
The North American DEF market has evolved quickly since the beginning of 2010 and has switched from quarterly to monthly price announcements, resulting in a more liquid and volatile market.
Integer's experience of tracking DEF has been built on developing strong ties with large, medium and smaller market players, establishing a dialogue with a large number of market participants in every stage of the supply chain and with end users.
DEF Tracker benchmarks DEF prices by metro in the USA and Canada, starting with the following in the pilot issue:
Integer will report end-user FTL (Full Truckload), LTL (Less than Truckload) and tote refill prices for all these metros, following a rigorous methodology. New price references will be launched as soon as sufficient data becomes available. DEF pump pricing by state/province will also be updated every month.
'We are proud to be introducing the first monthly DEF price reference to the market and to offer a fair and independent assessment of the DEF market as it continues to grow' Tim Cheyne, Director at Integer Research said.
The pilot issue of DEF Tracker is available here. Bulk prices published in the Pilot Issue are for illustration only and are not to be contracted against.