Ethanol Blog
D6 RIN Values Tumble as Production Rises, Demand Eases
By
George Orwel
Trade sources said values for tradable renewable credits tumbled sharply today amid increasing domestic production of ethanol and less anticipated demand for Renewable Identification Numbers. 2013 D6 RINs traded down to 18 cents this morning from 25 cents on Friday and 30 cents a week ago. 2013 D6 RINs are down 68% from a month ago versus a drop of 33% for spot prices for ethanol delivered to Argo terminal. Federal data last week showed U.S. ethanol output spiked 3.2% to 897,000 bpd in the week-ended Oct. 25 while up 11.2% from year prior.
George Orwel can be reached at george.orwel@telventdtn.com.
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