Ethanol Blog
Myke Feinman Refine Fuels Reporter

Friday 08/30/13

RINless Biodiesel Sales Increasing to Avoid RIN Market

Trade sources are eyeing a recent uptick in spot biodiesel RINless physical trades linked to market participants avoiding the choppy Renewable Identification Number market, sources say.

"People don't like the volatility with the RINs so if they can avoid it, they will," one source commented.

Biomass-based diesel D4 Renewable Identification Numbers have sold as high as $1.45 July 18 this year, while hovering in the 75cts to 80cts range Friday in ending a light trade week ahead of the Labor Day weekend. RIN credits, used to show compliance with annual blending mandates, may be separated from the physical biofuel and sold independently.

"With RINless trading over a 50cts discount to heating oil for a while now I have been continually puzzled why people haven't been fighting each other to get their hands on product," commented Michael Walker, quantitative analyst for Augsburg Energy, Ramsey, N.J.

Myke Feinman can be reached at myke.feinman@telventdtn.com.

Posted at 9:51AM CDT 08/30/13 by Myke Feinman
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