LCFS Prices Declined Last Week as Volumes Rose

LCFS Prices Declined Last Week as Volumes Rose

*Please Note – Bob Lane was out of the office today and will return on Friday, June 23, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*

Weekly LCFS credit prices declined last week even as total volumes were sharply higher over the same period. Credit transactions during the week ending June 12 totaled 753,417, up from 283,036 the week prior.

LCFS credit prices ranged from $60.50 to $93 last week. The average price paid per credit was down $0.57 to $81.72, while the average value of a spot market trade was down $0.09 to $82.63. The average spot market price is $0.91 above the average price for all trades. This is significant, as it is the 10th consecutive week the average weekly spot price closed above the average contracted price. June of 2020 was the last time this occurred, and it likely indicates LCFS credit prices have reached a near-term bottom. 

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

11.11.2024

Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost

Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost

Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...

11.11.2024

DCO starts the week higher; hog slaughter increases slightly

DCO starts the week higher; hog slaughter increases slightly

Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.

A...

11.11.2024

US cattle slaughter continues to fall behind 2023 levels

US cattle slaughter continues to fall behind 2023 levels

Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.

Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...

Latest Tweets