04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
Market Activity & Analysis
The first full week of the New Year begins anew as the hide market tries to find direction after ending the year on a slide from the record highs of 2014. For instance, BBS price peaked in September at $114 and then slid $14 to $100 and NBC topped at $79 in March and then fell $21 to $58 on the first day of 2015.
In the last split week of 2014-2015, buyers were actively bidding but continued to try to buy lower with bids a dollar or…