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Def prices2/18/2024 Those shutdowns also create higher logistical costs for both urea and DEF, as they must be shipped from supply points further away.Īlthough the DEF index (NOLA) prices have stabilized after a six-month escalation, Jobbers World stated in June, “many distributors, however, are faced with continued cost increases related to DEF. The Lowdown on Ureaįarmers globally have created a strong demand for urea, also a key ingredient in nitrogen fertilizer, in the midst of five major urea producers undergoing scheduled shutdowns that are expected to last 4 to 8 weeks. Since the start of the year, the escalating price of urea has pushed DEF prices up by close to $0.30 a gallon, an increase of nearly 45%. This represents a $62 per ton hike, an $0.08 to $0.10 per gallon increase. Because of its high content with urea, and the higher quality of urea it takes to manufacture DEF, the prices of urea most often drive the cost of DEF.Īccording to Jobbers World, the price of urea reached $442 a ton in June, up from $380 a ton in May. Although price increases during the spring planting season isn’t uncommon, the 2021 spikes came earlier and have occurred more frequently than the past seven years.Īs a direct result, experts predict increases for Diesel Exhaust Fluid (DEF) will follow suit, much as they have this year as prices for finished lubricants have hit.Ĭomposed of 32.5% urea and 67.5% de-ionized water, DEF is injected into the exhaust stream of diesel engines, breaking down harmful NOx emissions into nitrogen and water vapor. In the early months of 2021, experts stated that spikes in urea prices were driven by greater demand in the agriculture industry and more prevalent use among diesel-engine vehicles. High Demand Among Agriculture, Factory Shutdowns Leading to Higher Prices
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