LCFS Average Credit Price Lowest Since May 2019
Weekly LCFS credit volume of 203,362 was 92 percent over last week’s volume but 61 percent below the 2021 weekly average of 521,050. Second quarter volume is two percent below first quarter volume but 15 percent above Q2 of 2020. The average price paid per credit declined $0.93 to $185.37, reaching its lowest weekly level since May 2019. Of the 25 transactions posted, type 1 transfers totaled 58,362 credits and type 2 transfers 145,000 credits. Type 1 transfers accounted for 44 percent of the transactions and 29 percent of the volume.
Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a more accurate indication of current market conditions/price direction since Type 2…
01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...
01.28.2025
US weekly corn, soybean export inspections decline; wheat up 85%
Export inspections of US grains showed a decline for corn and soybeans, while wheat increased in the week to January 23, according to data from the USDA released on...
01.28.2025
Quiet hide market as cattle prices hit record highs
The hide market had minimal activity on Tuesday January 28, as Chinese tanners continued their Lunar New Year celebrations and global customers remained quiet, according to several hide sellers....