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 9th, was down 62% from the week prior. Per the California Air Resource board (CARB), 86,749 credits traded, slightly lowering the year’s weekly average. Average weekly volume during 2017 is 89,975 credits, noticeably less than the 121,567-average covering the second half of 2016.
The latest weekly credit trading report released by the CARB…