Asia’s cash discounts for jet fuel widened on the back of ample supplies, while the physical market for the aviation fuel remained subdued for the fifth consecutive session with no bids or deals on Tuesday.
Cash differentials for jet fuel were at a discount of 40 cents a barrel to Singapore quotes on Tuesday, compared with a discount of 21 cents a barrel on Monday.
“The jet market should go up once the winter demand picks up pace,” a Singapore-based trader said, adding that temperature levels in the region have not yet fallen so much that it would induce widespread heating requirements. Read More
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