Ethanol RINs rise further into 10-week highs; biodiesel credits up 1.5cts

Source: By OPIS • Posted: Sunday, January 9, 2022

Ethanol-related D6 Renewable Identification Number (RIN) credit values on Thursday rose nearly 5cts, adding to ten-week highs reached Wednesday, while biomass-based diesel D4 RIN prices increased for a third consecutive session. Market sources in the opening hour reported D6 2022 RINs traded at a 0.75-ct premium to D6 2021 credits, with outright trading reported at $1.22. The spread between the two vintages narrowed by late afternoon, down to a 0.25-ct gap amid simultaneous reports of the 2022 and 2021 credits trading flat with each other. Ethanol credits for 2022 were reported traded as high as $1.25 at the end of the session and were assessed at $1.235. The assessment was up 4.25cts to the highest level sinceĀ Oct. 27, when OPIS assessed the credits at $1.245