The ethanol compliance credits market has been abuzz this week, though with values on the downside. 2013 D6 Renewable Identification Numbers traded at 39.0 cents and 39.5 cents early afternoon Friday, which is little changed from trades seen Thursday, but down 10.0 cents from values of 50.0 cents posted earlier this week.
The decline in RIN values was underpinned by excess supply of credits, with Valero Energy dumping a large amount of RINs in the spot market, said another trade source.
George Orwel can be reached at firstname.lastname@example.org
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