Improved demand from the aviation sector pushed up Jet Kerosene Prices in Q1by Chem Analyst Chemical Database Price
Quarterly Update on Global Jet Kerosene Market
For the Quarter Ending March 2021
Jet Kerosene demand were observed improving consistently compared to the prior quarter in North America, as international flights stated taking off with the economic rebound. Although the demand for Jet Kerosene from the aviation sector was observed to be low initially during January, but rapid vaccination roll out brought overall improvement in the demand. Varying with consistent demand from the aviation sector, the price of Jet Kerosene rose from USD 972.5/MT in January to USD 1197/MT in March, although lower output from the US gulf coast amidst winter disruption also contributed to this rise.
Jet Kerosene demand from Asian countries varied with the recovery of the aviation sector amid COVID 19 crisis. Aviation sector of China was expected to rise but was observed to be way below the pre-pandemic levels, prompting Jet Kerosene manufacturers to look towards export markets as the domestic demand remained unreasonably low. On the other side, demand for Jet Kerosene from the Indian aviation sector showed a healthy improvement which supported the prices of Jet Kerosene across the country. The price of Jet Kerosene in India rose by 9.9% within the quarter, backed by recovery in the crude values.
Another wave of COVID 19, fresh lockdown restrictions and slower pace of vaccination halted the improvement of the European aviation sector during Q1 2021. It was observed that the operations turned lower than the prior quarter due to fresh restrictions over several economies. Hence the demand for Jet Kerosene from the aviation sector remained low initially, pushing Jet Kerosene values to undue stability. Although demand is expected to show improvement as UK has announced to resume international travel from early May.
Market Overview: https://www.chemanalyst.com/Pricing-data/jet-kerosene-23
Jet Kerosene is a critically refined light petroleum compound with a flash point higher than 38 degrees and a freezing point around 47 degrees. Jet Kerosene comes under the category of aviation fuel that basically comprises fuels that are utilized for aircraft propulsion. Production of Jet Kerosene from crude oil is a complex process primarily concerned with the boiling points of hydrocarbons. At first, the crude is placed into a distillation column and heated at a temperature around 800 degrees Celsius. The temperature decreases towards the top of distillation column. Fuels especially petroleum and kerosene which are referred to as middle distillates, are the materials that are separated at a boiling point between 250 to 360 degree Celsius. Several anti-static substances are added to the freshly refined fuels to make them suitable to use for their specific consuming industries.
Product Specific Details
CAS No.: NA; HS Code: 27101920; Grades: Jet A, Jet B, TS-1; Packaging Size: Drums/Tank; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot
APAC – China, Japan, India, South Korea, Singapore,
Europe – Germany, France, Belgium
America – USA, Brazil
MEA – Saudi Arabia, UAE, South Africa
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Created on Jun 28th 2021 05:23. Viewed 52 times.