The week ended March 1 saw RD margins rebound after shedding a third of their value since mid-January as feedstock prices softened alongside a material recovery in RIN markets. D4 prices recovered 12% of their value last week, yet have lost 32c, or 41% of their value since the start of the year. The BOHO spread reached as wide as $0.69/gallon as diesel pared gains on Thursday. Deteriorating biodiesel margins led to the permanent closure of two Midwest biodiesel facilities as expanding US RD capacity outcompetes biodiesel producers.
IN THIS REPORT AEGIS EXAMINES: