*Please Note – Bob Lane will be out of the office until August 8, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
Weekly LCFS credit volume ramped higher last week, while prices advanced, according to data from the California Air Resources Board. Credit volume for the week ending July 30, was 830,564, up almost 42 percent from the 585,786 credits that traded the week prior.
The average 2023 credit price of $74.43 was up 54 cents, or 0.73 percent, on the week, but was down almost 33 percent from the $110.58 recorded for the same week in 2022. This leaves the program in the odd, yet somewhat familiar position, of increasing transactions and falling revenue. If this trend continues, it will be for the second consecutive year.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...