Weekly LCFS credit volume hit a 25-week low last week, but the average price paid per credit held steady. Credit transactions during the week ending May 21, 2023, of 218,597 were 46 percent below the 407,945 credits traded the week prior, but on par with last year’s weekly volume of 210,867. Additionally, trading was 71 percent below the prior four-week average of 757,798.
The average price paid per credit increased $0.14 to $80.28, a 16-week high, while the average value of a spot market trade declined for the first time in five weeks, falling $0.58 to $83.23. The average spot market price is $2.95 above the average price for all trades. This is significant, as it is the sixth consecutive week the average weekly spot price closed above the average contracted price. June of 2020 was the last time this occurred, and it may indicate LCFS credit prices have reached a…
11.20.2024
Biodiesel supply tightens heading into the new year
Producers, blenders and fuel suppliers are reporting a slowdown in trading this week. A Fastmarkets survey of participants showed that overall sentiment has the market slowing ahead of...
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California UCO prices climb; DCO production eases slightly from record high
US animal fats and oils prices showed mixed trends on Wednesday November 20, with most market activity concentrated in the Gulf and West Coasts.
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US animal proteins steady; avian flu in birds increases in fourth quarter
US animal protein prices were steady on Wednesday November 20. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving weekend starting on Thursday...