The week ended November 3 saw persistent diesel and RIN weakness play out. LCFS markets turned downward, while feedstock markets lacked direction. A steady stream of UCO and tallow imports to the US Gulf coast has weighed on feedstock pricing in recent months despite consistent demand. The BOHO spread widened off the lowest level in a year and a half, providing D4 RINs with more room for losses.
IN THIS REPORT AEGIS EXAMINES: