RINs Run Higher on Speculation

RINs Run Higher on Speculation

RIN prices continued to rapidly move higher this morning, with B24 RINs reportedly pushing up to 60 cents before pulling back later in the day. There was market speculation surrounding the EPA potentially limiting imports of some Asian UCO. This has not been confirmed, nor has it been confirmed the EPA is even considering any UCO exclusions.

The D4 B24 RIN closed at 56.75 cents, 24 percent above where it was trading at this time last week, but still down 27 percent from the start of the year. Today’s RIN rally provided relief for margins. While renewable diesel margins have been solidly in the black, stand-alone biodiesel producers have been operating at, or near, the red.

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04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

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