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 Q1 2020
European jet kerosene market faced supply glut in the wake of nationwide lockdowns across the continent and regional travel restrictions pulling consumption rates down. The impact was further exacerbated by freefall in upstream crude due to Saudi Arabia-Russia rift having a knock-on effect on spot prices. Consequently, jet fuel prices hit 18-year lows yet failing to encourage any buying interest amid soaring inventory levels with carriers that hedged large proportions of their fuel use for 2020 trapped by the plummeting price.
Demand remained largely dead amid the global lockdowns as inbound and outbound flights from Europe have been restricted with waning macroeconomic indicators such as weakening European economic data and the ongoing global crisis adversely affecting holiday plans and subsequently the jet forward curve and the paper market. Most of the major flight operators have been compelled to cancel their flights and park a lot of aircrafts despite losing on the slots as they struggle to operate in the current tenuous environment.
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.