California LCFS credits largely traded within the $66.00/t to $70.00/t band for the month of November as the market awaited the December release of proposed amendments to the LCFS. The market traded as high as $73.50/t in early December ahead of the CARB release, the highest level in over two months. Prompt credits retreated to $70.50/t following the release as the market had pinned hopes to a January or February board vote for the amendments.
IN THIS REPORT AEGIS EXAMINES: