Ethanol Blog
Spot Ethanol Lower, D6 RIN Prices Soar on Buying Interest
By
George Orwel
U.S. spot ethanol prices extended lower in choppy early trade Thursday, bolstered by rising supplies and pressure from lower corn prices, while the market of ethanol compliance credits rallied for the third straight day on strong buying interest, trade sources said. July ethanol at the Kinder Morgan-operated Argo terminal near Chicago was talked at a $2.55 to $2.57 gallon bid/ask spread, down 4.5cts for the day. D6 Renewable Identification Numbers for 2013 traded at $1.46 and $1.48, up 2.0cts on the day.
George Orwel can be reached at george.orwel@telventdtn.com.
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