Ethanol Blog
D6 RINs Rebound on Short-Covering Ahead of Weekend
By
George Orwel
The market for Renewable Identification Numbers stabilized after falling sharply earlier this month, a trader said, with D6 2013 RINs traded at 30cts and 31cts early Friday (12/20), up 1.5cts on the day. D6 RINs had plunged from 36cts Dec. 9 to 28cts Monday (12/16) on lower demand for the compliance credit. "There's some short-covering through the New Year coupled with buying by obligated parties who were caught short," he said.
George Orwel can be reached at george.orwel@telventdtn.com.
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