LCFS credit volume continues to follow its cyclical pattern following the release of second quarter data at the end of October. Weekly volume of 239,888 was 59 percent below the prior week and 47 percent under the 2021 weekly average of 453,815. Fourth quarter volume is 48 percent over third quarter volume and 91 percent above Q4 of 2020. There were 32 transactions during the week, down from 52 the week before. The weighted average price paid per credit declined $3.06 to $177.27. Of the 32 transactions posted, Type 1 transfers totaled 54,281credits, down from 63,532 the week before. Type 2 transfers accounted for 185,607 credits, down from 518,357 credits a week ago. Type 1 transfers amounted to 41 percent of the transactions and 23 percent of the volume in the current weekly report.
Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...