The ICIS weekly Jet Kerosene report is an unbiased and informative update on the global market movements. Our reliable market intelligence has spot assessments in Europe, Asia and the US and gives overviews, details of open trades and paper markets as well as graphs. If you are involved with the Jet Kerosene market use this news and analysis to keep you informed when making those crucial business decisions.
Updated to Q4 2018
Europe
Q4 European jet kerosene supply is expected to remain stable with demand continuing to soften compared to the Q3 peak season and unconfirmed talk of planned refinery turnarounds leading to balanced fundamentals. Stocks are expected to also remain stable but it is unknown how imports/exports could impact the market overall.
Q4 demand for jet kerosene in the European market is expected to be weaker compared to the third quarter, which was the peak season. Q4 buying interest is likely to remain stable-to-soft for the first half of the quarter with increases likely during December due to a holiday season throughout Europe.
Updated to Q2 2018
ASIA
Scheduled refinery maintenance particularly in northeast Asia is expected to result in supply tightening during the quarter. However, supply could start to rise and exceed demand requirements in May, as number of refineries come back on-stream. Much will depend on whether exports from China will increase as traders await news of second quarter export quotas. The arbitrage windows are likely to open up from the Middle East and possibly Asia to Europe and from northeast Asia to the US west coast later in the quarter as the peak summer travel season in the northern hemisphere approaches.
Demand is traditionally low in the first half of the quarter. However, it is expected to firm later in the quarter with increased air travel associated with public holidays in May as well as summer holiday demand in Asia in June and elsewhere in the northern hemisphere in July and August.
EUROPE
Jet fuel supply for Q2 2018 is expected to be seasonally boosted due to high flight season. Some market players take a bullish supply outlook as refineries come back online after maintenance season and higher numbers of imports are arriving in the coming months compared to Q1.
Demand for European jet fuel is set to increase in Q2 2018 as high flight season gets underway. Although most consumers purchase the fuel on a contractual basis, the spot market could see a boost in activity as demand ramps up for passenger air travel.
We offer the following regional Jet kerosene analysis and news coverage to keep you informed of factors and developments affecting prices in the Jet kerosene marketplace.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Jet kerosene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Jet kerosene is a blend of hydrocarbons, a product of petroleum refining which belongs to the middle distillate group.
Jet kerosene is a blend of hydrocarbons with molecules typically containing 8 to 16 carbon atoms obtained from the middle distillate group in crude oil distillation. The fuel is used in aircraft powered by gas turbine engines.
The Jet A-1 fuel has a higher specification than normal kerosene with a relatively high flash point making it safer to handle than other jet fuels. The Jet A-1 also has a higher freezing point and contains antistatic additives to dissipate static electricity and prevent sparking. Other additives include antioxidants to prevent gumming, corrosion inhibitors, biocides and icing inhibitors.
Jet kerosene also requires a low smoke point. The kerosene fraction can contain aromatic compounds which have higher carbon-to-hydrogen ratios. When these compounds burn, the deficiency of hydrogen can cause smoke. By hydrotreating the kerosene, the aromatic rings get saturated with hydrogen, converting them to naphthalenes which burn cleaner.
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