China Aviation Oil awards March-April jet purchase tender

06 March 2012 14:44  [Source: ICIS news]

SINGAPORE (ICIS)--China Aviation Oil (CAO), Asia’s leading jet trader, awarded a purchase tender for four 240,000-300,000 barrel cargoes of jet kerosene for March-April loading at a stronger price, traders said on Tuesday.

CAO bought cargoes for loading on 21-31 March, 1-10 April, 11-20 April and 21-30 April, respectively at around Singapore market quotes minus 10-20 cents/bbl FOB (free on board) Asia, traders said. The cargoes are understood to have been bought from South Korean refiners, but the details could not be confirmed.

Previously, CAO awarded a purchase tender for three 240,000-300,000 bbl March loading jet-kerosene cargoes at Singapore market quotes minus 30-40 cents/bbl FOB.

CAO is the largest physical jet fuel trader in the Asia-Pacific and the key supplier of imported jet fuel to the civil aviation industry in China.

The firm’s key businesses include jet fuel supply and trading, trading of other oil products and investments in oil-related assets.

By: James Dennis
+65 6780 4359

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