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S&P Global reported that D6 RIN prices have risen from an average of 9.5 cents in January to 63.96 cents so far in November. Falling ethanol output, tied to weaker gasoline demand, is pushing up RIN costs for refiners.
Higher RIN prices raise the effective cost of blending and reflect tighter ethanol supply, which can weigh on corn demand for ethanol. The rising cost also strengthens the incentive to use biofuel feedstocks such as soybean oil.
spglobal.comNov 18, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
