LCFS credit volume increased slightly during the week ending February 4, as prices moved higher. Volume is expected to decline into February and rise moving into the quarterly close at the end of March.
LCFS transaction volume totaled 1.09 million contracts during the period under review, up from 1.05 million contracts the week prior, or almost four percent from the week prior. The average price paid per credit rose $3.01 to $68.36 each, after slumping the week prior to the lowest recorded level since May 2016 when CARB began disseminating the information. The average price of a spot market trade moved up $1.07 to $61.29 each.
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