LCFS Credit Moves Higher

LCFS Credit Moves Higher

 

Daily Charts 

 

The RINs market remains relatively subdued.  The 2019 biodiesel RIN went unchanged from yesterday’s close, holding at 58 bid versus a 59 offer.  The 2020 biodiesel RIN increased half a cent in value to 61.50 and the 2021 biodiesel RIN was quoted 60 bid versus a 64 offer.

The LCFS credit continued to stabilize around the $200 mark.  Bids were last seen for $199 against offers at 203 in the prompt market.  Fourth quarter 2020 and first quarter 2021 were showing $198 bids.  Further down the curve, there was a fourth quarter 2022 trade at $194.  In Oregon, the CFP credit was showing a $130.50 offer.  $129 reportedly traded yesterday.

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