11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
The volume of LCFS credits that traded during the week ending April 16th, was up 72% from the week prior. Per the California Air Resource board (CARB), 149,338 credits traded, nearly double the amount traded last week. Average weekly volume during 2017 increased from 89,975 credits to 93,932. This is still noticeably less than the 121,567-average covering the second half of 2016.
The latest weekly credit…