RINs Plunge to 14-Month Low Following EPA Regulation Freeze
(Platts) Renewable Identification Numbers traded at 14-month lows Wednesday following news that the Environmental Protection Agency will delay implementation of 30 regulations until March 21, despite industry groups saying 2017 blending mandates are unlikely to change.
“When a market is heavily driven by regulation whose future is opaque, you will get craziness,” one source familiar with the RINs market said Wednesday.
Ethanol RINs for 2017 compliance traded as low as 47 cents/RIN Wednesday, 14 cents lower than the S&P Global Platts assessment of 61 cents/RIN Tuesday. The same RINs were at 69 cents/RIN on Monday. READ MORE