LCFS Q1 2014 Market Notes

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After an impressive bull run that saw prices increase from $29 in Q1 2013 to a high of $85 in November of 2013, the remainder of the fourth quarter saw a decrease in interest in LCFS credits. The $85 peak rode the wave of a large oil major purchase, after which the market high was set, and LCFS was left over-offered by motived sellers. The selling pressure continued and buyers stepped aside waiting for the next leg down. View PDF