LCFS Transaction Volume Bounces but Remains Below 2020 Weekly Average

Weekly credit volume rebounded during the first week of June from a somewhat subdued performance during May. Volume was up 155% to 133,310 credits transacted.  This was above the May weekly average of 108,591 but below the 2020 weekly average of 366,405 and 59 percent below the volume transacted during the same 2019 period. The average price paid per credit increased $4.50 to $204.96. There were 20 transactions, 14 were type 1 transfers of 102,410 credits and six were type 2 transfers of 30,900 credits. Type 1 transactions are trades executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions give a clearer indication of where the market is trading since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $208.56, which was…