Exchanges plan futures in response to RIN price surge

Exchanges plan futures in response to RIN price surge

number-pic
RINs are 38-digit numbers generated when a gallon of biofuel is produced

Chicago-based CME Group and Atlanta-based Ice have unveiled plans to launch futures contracts on Renewable Identification Numbers (RINs) – credits that refiners and fuel importers use to comply with US regulations mandating the use of biofuels. The moves come in the wake of a huge boom in ethanol RIN prices, which has been dubbed ‘rinsanity’ by some market observers.

According to London-based price reporting agency (PRA) Argus Media, the price of 2013 vintage ethanol RINs rose from 7 cents on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: