The week ended March 15 saw RD margins rebound as RIN markets rallied 20% w-o-w in response to a wider BOHO spread. Modest diesel strength was met by mixed feedstock pricing. The BOHO spread reached the widest level in over two months at $0.98/gallon, gaining 25% over the course of the week as CBOT gains outpaced Nymex ULSD. The RIN market has recovered 38% from lows seen on February 22, 2024.
IN THIS REPORT AEGIS EXAMINES: