05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
MBM prices traded lower into Indonesia, $440 – 470 with reports of old sales at $480. Cheaper US material is pressing the market lower and despite tight supplies in the ANZ markets, sellers have had to lower their price in order to keep product moving. Trading into China was lower as well, $460 – 480.
Figure 1.
The spread between the average US interior price (Tx. PH & Mo. River) to Indonesia is shown in US$/MT.