RIN prices resumed their decline in late-March/early-April as the BOHO spread shed 11% over the course of the month.
The April 18 release of March 2024 RIN generation showed under 1.91 billion credits generated, down 6% from an upward-revised February total of 2.04 billion credits.
D4 losses and soft diesel demand weighed on renewable diesel margins, with month-over-month losses averaging 11%.