Integer launched DEF Tracker, an independent DEF price reference service for the North American market the company said was created in response to increasing trading activity and more frequent contract settlements in the market. The service draws on Integer’s strong position and expertise in DEF, fertilizer and chemicals market analysis and price reporting, the company added.
The North American DEF sector 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 said its 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 at every stage of the supply chain and with end users.
DEF Tracker price benchmarks the key metropolitan statistical areas in the U.S. and Canada, as defined by the U.S. Census Bureau. The pilot issue covers the following: Houston, New York, Chicago, Cincinnati, Los Angeles and Toronto.
The service will report end-user FTL, LTL and tote refill prices for all these metros, following a rigorous methodology, the company said. It also will launch new price references as soon as sufficient data becomes available and update pump pricing in every U.S. state and Canadian province every month, averaging them out across states and provinces and reporting the number of locations in each state and province.
For a complimentary copy of the pilot issue, visit the website or e-mail [email protected].
