立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
农产品

RINs jump, then retreat after US EPA biofuels-blending announcement

农产品 | 生物燃料

Platts Biofuelscan

农产品 | 电力 | 天然气(北美) | 石油 | 金属 | 石化产品

north-american-digital-commodities

石油

伊朗新预算包括俄罗斯贷款,新的一年美国制裁仍将继续

RINs jump, then retreat after US EPA biofuels-blending announcement

Houston — Renewable Identification Numbers spiked briefly after Friday morning's biofuels announcement from the US Environmental Protection Agency, but quickly retreated below Thursday's levels as traders saw little support in the plan that avoided further waiving of blending mandates.

Ethanol (D6) RINs for 2019 compliance traded as high as 27 cents/RIN Friday morning after the announcement before retreating to 24 cents/RIN, where S&P Global Platts assessed the credits Thursday. By mid-morning, D6 RINs for 2019 compliance were heard offered at 22 cents/RIN.

"They're going the wrong way," said one market participant.

The US Environmental Protection Agency issues RINs to track renewable fuel usage throughout the supply chain.

Refiners and importers -- called "obligated parties" -- use them to show the EPA that they have fulfilled their mandated government use of renewable fuels. If the obligated party has not used enough physical product, it can buy RINs to satisfy the quota.

Friday's plan had been discussed in different forms for nearly two years, leaving market participants with expectations of several different results that could have been more bullish for 2019 and 2020 RINs.

The announcement, however, did not include any reallocation of waived biofuel-blending mandates from previous years into current compliance years, which sources said would have been bullish for pricing.

Instead, the EPA said it will increase conventional ethanol blending beyond 15 billion gallons, starting the with 2020-21 mandates, through a supplemental rulemaking.

Sources highlighted the lack of details in Friday's media release, with an EPA official saying more details would be released next week.

For the time being, traders viewed the announcement as a non-issue for the market, despite the biofuels industry hailing it as a victory.

"If they can hand the market status quo but make people happy at the same time then it's a win-win," said another source.

-- Josh Pedrick, joshua.pedrick@spglobal.com

-- Edited by Derek Sands, newsdesk@spglobal.com