Imported bonded aviation kerosene in July CIF rose 12.7% month-on-month

The China Imported Aviation Kerosene Landed Price Index released by the Xinhua News Agency Oil Price System on the 24th showed that the landed price of Bonded Aviation Kerosene imported by China in July was 8603 yuan per ton, up 972 yuan per ton from June, up 12.

Chart: CIF price trend of Bonded Aviation Kerosene imported from July 2021 to July 2022

Source: China Natural Gas Information Terminal (E-Gas System)

In June, the European Union confirmed sanctions on the Russian oil sector, the market is worried that Russian oil supply will decline, coupled with Libya, Ecuador, Norway and other oil producers in supply disruptions, international oil prices are strong shocks, but the Federal Reserve sharply raised interest rates to push up the dollar and put pressure on the economic growth prospects, to some extent limiting the rise in

In July, Libyan oil production gradually resumed, the Federal Reserve raised interest rates by 75 basis points again, the market's fears of global economic growth slowing down or even falling into recession heated up, oil demand side concerns gradually suppressed supply-side tensions became the dominant market sentiment, international oil prices fell significantly, and it is expected that the landed price of Bonded Aviation Kerosene imported by China will fall in

China's imported aviation kerosene landed price index is one of the oil series data products independently developed by the Xinhua News Agency's oil price system, which is the result