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RINs rally as RVO tension mounts

D4 RINs

US RIN prices have continued to move sharply higher as the market braces for the imment release of finalized biofuel blending mandates for next year.

With the extended Thanksgiving Holiday fast approaching, the market has been preparing for a possible pre-Thanksgiving announcement ahead of EPA’s November 30th cutoff for finalizing next year’s targets.

Early morning Tuesday, 2016 D4 biodiesel RINs were seen pushing towards $1.05/gal, their highest since the end of October.

While biodiesel’s mandate for next year remains long-fixed fixed at a 100mn gal or 5.6% demand raise, the final shape of the ethanol and advanced biofuel mandates will determine the shape of additional demand for biodiesel RINs as retirement substitutes into non-biodiesel categories.

To see deeper analysis of US biofuel and RINs markets, contact [email protected]

MS – 22/11/2016

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