Weekly LCFS credit transaction volume bounced higher last week, bobbing above the 25-week low reached the week prior. Credit prices moved to a 19-week high as the average spot market trade continued to trend above the average price of a contracted trade. Credit transactions during the week ending May 28, 2023, of 366,051, were 67 percent above the 218,597 credits traded the week prior, and noticeably over the 69,132 credits transacted last year. Additionally, trading was 36 percent below the prior four-week average of 573,631.
The average price paid per credit increased $3.15 to $83.43, a 19-week high, while the average value of a spot market trade increased $1.32 to $84.55. The average spot market price is $1.12 above the average price for all trades. This is significant, as it is the seventh consecutive week the average weekly spot price closed above the average…
12.27.2024
US RD, SAF supplies remain strong despite declining import volumes
US supplies of sustainable aviation fuel (SAF) fell sharply in November but reached the highest November volume on record, according to data released on Thursday December 26 by the...
12.27.2024
Animal fats and oils end week steady amid holiday-limited trades
The US animal fats and oils markets held steady on Friday December 27, with limited trades persisting due to the holiday season.
Weekly averages were unchanged from the prior week...
12.27.2024
Relative prices of US meat and bonemeal rise amid depressed soybean meal market: 2024 recap
US animal protein prices were steady to lower on Friday December 27. Some participants reported distressed loads in the market late in the afternoon of Thursday December 26 and...