Average LCFS Credit Price Trending Below $200

Average LCFS Credit Price Trending Below $200

 

LCFS Weekly Credit Transfer Activity 

Weekly credit volume of 350,282 was 126,979 credits more than was traded last week and on par with the 2020 average if 352,916. Volume was 57 percent over the previous weekly total and 37 percent above last year’s volume for the same period.  The average price paid per credit slipped seven cents to $195.72. There were 34 transactions, 25 percent were type 1 transfers of 86,782 credits and 17 were type 2 transfers of 263,500 credits. Type 1 transactions are executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may better reflect current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $195.55, $0.17 below the average for all trades. Third quarter volume is 14 percent below second quarter volume but 50 percent over Q3 of…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.22.2024

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

11.22.2024

Gulf prices average higher despite weeklong declines in SBO

Gulf prices average higher despite weeklong declines in SBO

For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

Bloodmeal largest price mover week on week; November cattle on feed higher

US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

Latest Tweets