The week ended March 22 saw RD margins slip lower as RIN markets stalled despite mounting diesel losses. Feedstock pricing was again mixed week-over-week, with stronger UCO prices percolating the marketplace. The BOHO spread snapped back after reaching the widest level in nearly three months at $0.99/gallon as diesel losses were joined by a weaker CBOT SBO contract. D4 RINs peaked at nearly 58c/RIN at midweek before giving back gains as fresh RIN generation data dampened buying.
IN THIS REPORT AEGIS EXAMINES: