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 2020
Demand-wide, the majority of 2020 has been tough for the European jet fuel market because of cross-border travel restrictions, although differentials found some support from lower imports and depleted inventories. Floating storages were mostly consumed on limited inflows and reduced refinery output due to discouraging margins. That said, trading activity remained limited in December and pushed excess material into Q1 2021, where lethargic demand is likely to drive supply trends.
Demand remained subdued as the key aviation market continued to suffer. The rapid spread of a new variant of the coronavirus in the UK saw nearly 40 countries ban flights to and from the country. For 2020, International Air Transport Association (IATA) expects 1.8bn passengers to have flown, down 60% from 2019. Demand for aviation fuel in Europe in 2020 is expected to be at least 70% lower than in 2019 with the new strain and further lockdowns exacerbating a worsening scenario.
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.
News & analysis
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.
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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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