California LCFS credit price indications kept in line with the previous trading session at $64 on Thursday, with buy side indications again sticking to the steady range seen between $60 and $63 since last Thursday. Marginal interest on the sell side held back at $65, $1 over Wednesday’s traded level. The market on Thursday witnessed a robust volume of bids in the morning in response to the softer prices seen the previous day. Elsewhere, biodiesel RINs continued their meltdown as D4 hit a new bottom at 39 cents/gal. D5/D6 spreads however rallied a penny to 7.75 cents. Brazilian ethanol remains out of reach to the US market, although Wednesday’s cut in Brazil’s S&P credit rating to junk should work in favor of improved Brazilian export potential.