Jet fuel cash discounts widen on lacklustre buying interests
SINGAPORE (Reuters) - Asia’s cash discounts for jet fuel widened on the back of ample supplies, while the physical market for the aviation fuel remained subdued for the fifth consecutive session with no bids
Cash differentials for jet fuel were at a discount of 40 cents a barrel to Singapore quotes on Tuesday, compared with a discount of 21 cents a barrel on Monday.
“The jet market should go up once the winter demand picks up
The winter months in the northern hemisphere typically bring peaking demand for kerosene, which belongs to the same grade of oil products as jet fuel and is widely used in heating. Refining margins for jet fuel determine the profitability of both.
Refining margins for jet fuel slipped to $18.22 a barrel over Dubai crude during Asian trade on Tuesday, from $18.41 per barrel on Monday.
Jet refining margins, however, are currently at their strongest levels for this time of the year since 2012,
The regrade, the price spread between jet and
Cash differentials for 10ppm
Refining margins for
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