UK certificate prices had another week of restrained activity, with a smattering of trades indicating a mild drop in values for both the 2023 and 2024 vintages.

Trading activity in the UK’s renewable transport fuel certificate (RTFC) market was slow for most of the week to Friday May 10, although some activity was observed in the latter stages of the week.

UK certificate prices fired up only sporadically in an otherwise quiet week, with many of the few trading indications picked up during the period focusing on the 2023 vintage.

The UK’s renewable transport fuel certificate market appeared to be slow for much of the week ended Friday April 26, but modest activity suggested major moves in price while the discount in 2023 certificates to 2024 disappeared.

Energy markets endured a torrid few hours after news of Israel’s retaliation against Iran broke overnight, but underlying diesel values were unconvinced and values surging toward the $815 per tonne level in early trading proved unsustainable as the close approached.

Prices in the UK’s renewable transport fuel certificate (RTFC) market declined this week, with the shock of last week’s sudden jump in ticket prices wearing off.

Despite a shorter week, UK ticket prices started increasing from the moment trade kicked off on Tuesday April 2, with a 2024 non-crop certificate trade heard at 16.1p per certificate amid clear signs that values were pushing higher.