The week ended April 19 saw RD margins fall sharply for a second consecutive week as RINs lost ground despite a wider BOHO spread. Losses in diesel and LCFS prices provided further headwinds. Feedstock pricing was mixed, while SBO pricing continued to post losses. The BOHO spread recovered off the lowest level in over a month. California Low Carbon Fuel Standard (LCFS) markets traded lower as traders remained bearish as CARB’s latest rulemaking materials were deemed anemic.
IN THIS REPORT AEGIS EXAMINES: