Integer Research has confirmed that over 100 public sector fleets have registered for their Diesel Exhaust Fluid (DEF) price tracking index, DEF Tracker, following a nationwide campaign.
Public sector subscribers include government, state and municipal fleets. DEF Tracker has welcomed subscribers from a number of U.S. states, including New York, Florida, Texas and California, and Québec and Ontario, in Canada.
This is welcomed news for the DEF industry, as distributors push for a move away from long-term guaranteed contract prices and the use of urea price indexes, towards a more market related structure which takes into account fluctuating freight and supply costs.
"DEF Tracker provides independent and accurate monthly price references for DEF in the fleets’ specific geographies, reflecting real market transactions and the real costs involved in the supply chain," says Monica Baker, Emissions Research Manager at Integer Research. “It is fantastic to see interest from public fleets so early on in this campaign. We believe that this service will play an important role in encouraging price transparency within the market."
Doug Haugh, President, Mansfield Oil Company, a national DEF supplier, says, “It is important, as volumes increase, that we do not rely on a NOLA [New Orleans, LA] urea index that does not represent the costs involved in the DEF business and therefore leaves both buyers and sellers exposed to unnecessary risk.”
Purchasing professionals can use the service as a reference to better understand how the market is evolving in their area.