RIN prices slump on faltering demand

03/25/2013 | Platts

The prices of 2012 and 2013 Renewable Identification Numbers on Monday dropped to their lowest levels this month amid weakening demand, sources said. It "just seems like buying from obligated parties has slowed down as blending starts to pick up," a trader said. Prices could go up later this year because obligated parties may just be "waiting to at least see what the 2013 final Renewable Volume Obligation is," another trader said.

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