Spot ethanol prices edged lower in New York Harbor and Houston in early trade Friday, with values of renewable identification numbers also easing amid a dearth of short-term buying interest.
Prompt delivered ethanol in the New York Harbor traded at $1.52 per gallon for a 1.0-cent loss, with any February barged delivery down 2.0 cents at $1.535 per gallon. The Houston cash market was little talked, pegged down 3.5 cents at $1.485 per gallon. In the rail market, next week ethanol shipments under Rule 11 terms traded at $1.42 per gallon, flat on the day. D6 2016 and 2017 RINs traded down 3.0 cents at 55.0 cents.
George Orwel can be reached at firstname.lastname@example.org.
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