“It’s not that I’m so smart, it’s just that I stay with problems longer.” – Albert Einstein
Ethanol at Argo closed out the day on Monday of last week at $1.90 per gallon, up 1 and ½ of a cent per gallon from the previous Friday’s close. RINS fell hard on Monday of last week – D6 RINs, closed at $2.29 per RIN, down 10 cents per RIN from the previous Friday’s close. Meanwhile, D4 RINs closed at $2.33 per RIN, also down 10 cents per RIN from the previous Friday’s close. LCFS credits in California closed at $75 per MT, no change from the previous Friday’s close.
In a busy day in renewables on Tuesday of last week, LCFS credits in California closed at $77.50 per MT, up $2.50 per MT day-over-day. Ethanol at Argo closed out the day at $1.90 per gallon, no change day-over-day. RINs continued to sell off on Tuesday of last week with D6 RINs closing at $2.23 per RIN, down 6 cents per RIN day-over-day. Meanwhile, D4 RINs closed at $2.27 per RIN, also down 6 cents per RIN day-over-day.
On Wednesday of last week, D6 RINs closed at $2.35 per RIN, up 12 cents per RIN day-over-day. Meanwhile, D4 RINs closed at $2.39 also up 12 cents per RIN, day-over-day. LCFS credits in California closed at $75 per MT, down $2.50 per MT day-over-day Ethanol at Argo closed out the day on Wednesday of last week at $1.90 per gallon, no change day-over-day.
On a slow day on Thursday of last week in renewables, Ethanol at Argo closed at $1.91 per gallon, up 1 cent per gallon day-over-day. D4 RINs closed at $2.40 per RIN, up 1 cent per RIN day over day. Meanwhile, D6 RINs closed at $2.38 per RIN up 3 cents per RIN day-over-day. Lastly, LCFS credits in California closed at $74.50 per MT, down 50 cents per MT day-over-day.
LCFS credits in California, in a slow session, closed out the day (and the week) on Friday of last week, at $74.50 per MT, no change day-over-day, but down 50 cents per MT week-over-week. Ethanol at Argo, closed out the day (and the week) on Friday of last week at $1.93 per gallon, up 3 cents per gallon day-over-day, and up 4 and ½ cents per gallon week-over-week. In a busy session in RINS on Friday of last week, D4 RINs closed out the day (and the week) at $2.43 per RIN, up 3 cents per RIN day-over-day, but no change week-over-week. Meanwhile, D6 RINs closed out the day (and the week) at $2.39 per RIN, up 1 cent per RIN day-over-day, but no change week-over-week.
Have a great week!