California LCFS credits continued their steepening ascent on Tuesday, changing hands at $75 and pushing the PRIMA California LCFS index $5 higher than the previous last trade following Friday’s vote in favor of re-adoption of the program. Sell side indications subsequently stepped back even further into a range between $77-80 while buyers resisted any desire to chase offers this high with best bids reluctant to budge beyond $74. On the biodiesel side, D4 RIN values lingered around 48 cents/gal as biodiesel saw a decrease of 1 penny on average nationwide, driven by the falling price of heating oil which settled below 1.50/gal. While the Brazilian ethanol arb to California stayed shut, Brazilian sugar producers Tuesday reported that consumption of Brazilian hydrous ethanol hit a new record monthly high in August of 1.57 bn litres. Strong domestic consumption in August was offset by falling exports, down 55.19% MoM from July. Brazilian ethanol exports for September so far sit at just under 100,000 litres.