Asia jet fuel premiums at highest seasonal peak since 2013, but may soon fade

Asia jet fuel premiums at highest seasonal peak since 2013, but may soon fade by koustavsamanta

SINGAPORE - Asian jet fuel buyers are paying the highest cash premiums for this time of year since 2013 amid a short-term supply shortage, but the values are likely to fade as late summer travel demand slumps in coming weeks and refiners ramp production back up.

Asian refiners cut output during the second quarter as usual for scheduled plant maintenance, while heavy demand for summer air travel provided a seasonal boost to the region’s already-thriving aviation market, trade sources said. “The tightening of supplies in the second quarter prior to the uptick in demand in the third quarter means Europe, for instance, is not going to get its re-supply from the East until late-August.”

“We also need to take note of the flight cancellations that are happening in Hong Kong and ... the latest status on the Japan-Korea relationship,” she said, with both having at least a short-term effect on jet demand.

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