Ethanol Blog

Tuesday 01/29/13

RIN Prices Sharply Higher on Concerns About Blend Wall

Spot ethanol trading this morning was marked by a strong market for tradable ethanol compliance credits, with D6 RINS produced in 2012 reportedly trading at 30.0cts, up 10.5cts on the session and more than double Friday's (1/25) assessment; 2013 RINs was bid earlier at 26cts, up 5.0cts. The recent run-up reflects worries there won't be enough ethanol supply to meet individual company requirements under the Renewable Fuels Standard due to the approaching blend wall, trade sources said.

RINs are used to show compliance with this mandate, with RINs created with the renewable fuel. An obligated party can carry over 20% of a previous year's RINs once meeting their annual target.

George Orwel can be reached at george.orwel@telventdtn.com.

Posted at 1:36PM CST 01/29/13
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