27 August 2012 10:49 [Source: ICIS news]
SINGAPORE (ICIS)--Asian jet trader China Aviation Oil (CAO) has issued a purchase tender for four 240,000–300,000-barrel cargoes of jet kerosene for end-September and October loading, a company source said on Monday.
Under the tender, CAO requested cargoes for loading from northeast or southeast ?xml:namespace>
The company also requested two 25,000-tonne jet kerosene cargo for purchase on a CFR (cost-&-freight) Huangpu basis for arrival on 24-26 September and 10-12 October, via the same tender, said the source.
CAO’s purchase tender will close on 29 August and has validity until 30 August.
Previously, CAO awarded a purchase tender for four 240,000–300,000 bbl cargoes of jet kerosene for end-August and September loading at a slightly firmer price level around
Jet-kerosene values have firmed in recent weeks supported by continued worries over tight supplies.
Supplies of jet-kerosene have been reduced because of refinery shutdowns, particularly in
CAO is the largest physical jet fuel trader in the Asia-Pacific region and the key supplier of imported jet fuel to the civil aviation industry in
The firm’s key businesses include jet fuel supply and trading, trading of other oil products and investments in oil-related assets.
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