12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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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