They were at USD 13.Airlines in the Asia/Pacific region posted a demand increase of 7.The price for crude oil, a refinery’s most important and costly feedstock, on Wednesday, pushed up by ongoing supply cuts from producer cartel OPEC and US sanctions against Iran and Venezuela. 

Airlines in the Asia/Pacific region posted a demand increase of 7.1 per cent in January, compared to the same month last year.45 a barrel on Tuesday.1 per cent in January, compared to the same month last year, while domestic passenger demand grew about 12 per cent in India and 14 per cent in China, the International Air Transport Association (IATA) said in a March report.Despite strong demand growth from the Asian aviation sector, the margins lacked the usual boost from seasonal heating demand this year due to a warmer winter, market watchers said. Singapore: Asian refining margins for jet fuel dropped for a second straight session on Wednesday to their lowest levels in more than eight months, as crude prices firmed and demand for the distillate fuel remained weak. I have often seen traders play the regrade suppressing jet China three-dimensional printer screws Suppliers prices further,” Vijayakar added.

Jet fuel cracks have shed about 9 pc in the last 1 week, and are currently about 7 pc weaker than this time last year..Seasonal refinery turnarounds in the region, however, is expected to keep a lid on supplies in the near term and upcoming summer travelling demand would likely offer some support to the aviation fuel in the next couple of months, trade sources said."Jet fuel demand per se is weak.Refining margins for jet fuel, which also determine the profitability of closely-related heating kerosene, plunged to USD 13.

The regrade, the price spread between jet and gasoil, for April stood at a discount of 38 cents a barrel on Wednesday..Meanwhile, cash differentials for jet fuel cargoes in Singapore were at a discount of 25 cents a barrel to Singapore quotes on Tuesday amid lacklustre buying interests in the physical market. The second use does not seem to be holding its end of the bargain.19 a barrel over Dubai crude during Asian trading hours, their lowest since June last year

Hide Comments | Add Comment