RIN Prices 2013

TraDaToR

TraDaToR

:eek:



Do you think it's great CME will list a RIN contract?

To me it's one more proof that the most drastic moves and volatile markets always happens far from liquid regulated futures markets, on OTC or cash markets... I read a couple articles about the "speculator exchange to increase the price of RINs ...Costs will fall on consumers..." but I am sorry , I have never seen 1200 % moves in 2 months on cleared futures...
 
Yes, but the problem with RFS2 and the 10% ethanol"blend wall" was known before , no? Why are all blenders trying to purchase RINs at the same time? Sorry I am not really aware of renewable fuel policies.
 
The blend wall was known but poorly understood by many people. It was not until the initial rally that the refiners really started to dig into the data.
 
The ethanol crush margin just returned in positive territory this year and ethanol production is back( due to lower expected corn price...), but what would have happened with RFS2 if production had remained at last year's level?
 
I am interested to know what % of the OI they were holding to make that kind of loss. Ethanol is a big contract but small market...LOL
 
Not sure about OI, but this is interesting:

Commodity Trader Didn't Really Believe in Market Prices

Quote from Bloomberg:

The CFTC complaint helpfully includes an appendix showing, for each trading day:

1. The Nymex settlement price for the relevant contracts,
2. Brooks's mark in the bank's books, and
3. the percentage difference between the two.

The difference starts at 0.89 percent (two cents) and goes up from there, exceeding 10 percent (25 cents or so) every day from March 9 onward and reaching a hilarious peak of 105.16 percent -- Brooks's mark was $4.77, versus a settlement price of $2.325 -- on Sept. 30, 2011, a few weeks before Brooks was caught.
More...
 
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