# US refiners navigate rising RINs prices while awaiting 2021 RFS mandate

> 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.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/50024-us-refiners-navigate-rising-rins-prices-while-awaiting-2021-rfs-mandate
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- CORN: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/111820-us-refiners-navigate-rising-rins-prices-while-awaiting-2021-rfs-mandate

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.