RIN Prices Reflect Markets Frustration

RIN Prices Reflect Markets Frustration

 

RIN Market Looks to EPA and White House for Direction

RIN values continue to fluctuate while the market attempts to balance conflicting signals regarding renewable volume obligations and speculation surrounding pending relief for refiners.  Biodiesel and ethanol RINs consolidated slightly lower on Thursday after moving higher in consecutive sessions.  The biodiesel 2021 RIN (B21) settled at $1.73 with the ethanol 2021 (E21) RIN and $1.65½. 

The spread between the two RIN classes continues to hold near seven cents, indicating that the market may have concerns regarding ethanol’s ability cover its portion of the 2021 RVO, whatever that RVO might end up being.  The spread had widened recently to 17 cents after the White House indicated it might provide some RIN relief for merchant refiners.  However, the spread tightened again as politicians and lobbyists encouraged the president to stay the course on biofuel blending.

The…

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

03.27.2024

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois Legislation Aims to Create a Clean Transportation Standard

Illinois is looking to become the fifth sate to create a clean fuel transportation standard. The Illinois version, if passed, may not be as robust as the ones...

03.27.2024

Sellers see steady to higher prices on interior market trades

Sellers see steady to higher prices on interior market trades

Distiller’s corn oil (DCO) traded higher into the Manly, IA market today, topping out at a high of 47.75 cents lb. Trading into the Gulf and on an FOB...

03.27.2024

Aprill broiler slaughter forecasted below 2023

Aprill broiler slaughter forecasted below 2023

The proximity of the extended Easter holiday weekend kept some participants off the market at mid-week, leaving values generally steady.

Poultry by-product pet grade was reported lower in...

Latest Tweets