echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > Asian distillate aviation fuel cash spread converted into discount

    Asian distillate aviation fuel cash spread converted into discount

    • Last Update: 2021-06-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    China Petrochemical News Net, according to ICIS-MRC website in Moscow on May 27, according to Reuters, due to the new wave of coronavirus infections in various regional markets affecting aviation demand, the cash spread of Asian aviation fuel on May 19 (Wednesday) After staying in the positive range for two consecutive weeks, it turned into a discount again.


    The cash difference of jet fuel JETt-SIN-DIF is 3 cents per barrel discounted from Singapore’s offer, and Tuesday’s premium was 5 cents per barrel.


    The renewed surge in coronavirus cases and the slow rate of vaccination are forcing people to avoid travel, and the government keeps border restrictions unchanged.


    But they added that the Asian aviation fuel market is expected to benefit from arbitrage transportation to the West, as Western aviation demand recovers faster.


    During the Asian trading session on Wednesday, due to the drop in raw material crude oil prices, Singapore Aviation Fuel's refining profit margin rose by 20 cents compared with Dubai crude oil to $6.


    Hao Fen translated from ICIS-MRC

    The original text is as follows:

    Asia Distillates-Jet fuel cash differentials flip back to discounts on the back of fresh waves of coronavirus infections

    Asia's cash differentials for jet fuel flipped back into discounts on Wednesday, 19 May, after staying in positive territory for two weeks, as fresh waves of coronavirus infections in several regional markets weighed on aviation demand, reported Reuters.


    Cash differentials for jet fuel JET-SIN-DIF plunged to a discount of 3 cents per barrel to Singapore quotes, compared with a premium of 5 cents a barrel on Tuesday.


    A resurgence in coronavirus cases and a slow rate of vaccinations are forcing people to avoid travel and governments to keep border restrictions intact.


    The Asian jet fuel market, however, is expected to benefit from arbitrage shipments to the West, where aviation demand is recovering faster, they added.


    Refining margins for jet fuel in Singapore climbed 20 cents to USD6.


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.