Quarterly Update on Global Jet Kerosene Market
For the Quarter Ending March 2021
North America
Jet Kerosene demand were observed improving consistently
compared to the prior quarter in North America, as international flights stated
taking off with the economic rebound. Although the demand for Jet Kerosene from
the aviation sector was observed to be low initially during January, but rapid
vaccination roll out brought overall improvement in the demand. Varying with
consistent demand from the aviation sector, the price of Jet Kerosene rose from
USD 972.5/MT in January to USD 1197/MT in March, although lower output from the
US gulf coast amidst winter disruption also contributed to this rise.
Asia
Jet Kerosene demand from Asian countries varied with the
recovery of the aviation sector amid COVID 19 crisis. Aviation sector of China
was expected to rise but was observed to be way below the pre-pandemic levels,
prompting Jet Kerosene manufacturers to look towards export markets as the
domestic demand remained unreasonably low. On the other side, demand for Jet
Kerosene from the Indian aviation sector showed a healthy improvement which
supported the prices of Jet Kerosene across the country. The price of Jet
Kerosene in India rose by 9.9% within the quarter, backed by recovery in the
crude values.
Europe
Another wave of COVID 19, fresh lockdown restrictions and
slower pace of vaccination halted the improvement of the European aviation
sector during Q1 2021. It was observed that the operations turned lower than
the prior quarter due to fresh restrictions over several economies. Hence the
demand for Jet Kerosene from the aviation sector remained low initially,
pushing Jet Kerosene values to undue stability. Although demand is expected to
show improvement as UK has announced to resume international travel from early
May.
Market Overview: https://www.chemanalyst.com/Pricing-data/jet-kerosene-23
Jet Kerosene is a critically refined light petroleum
compound with a flash point higher than 38 degrees and a freezing point around
47 degrees. Jet Kerosene comes under the category of aviation fuel that
basically comprises fuels that are utilized for aircraft propulsion. Production
of Jet Kerosene from crude oil is a complex process primarily concerned with
the boiling points of hydrocarbons. At first, the crude is placed into a
distillation column and heated at a temperature around 800 degrees Celsius. The
temperature decreases towards the top of distillation column. Fuels especially
petroleum and kerosene which are referred to as middle distillates, are the
materials that are separated at a boiling point between 250 to 360 degree
Celsius. Several anti-static substances are added to the freshly refined fuels
to make them suitable to use for their specific consuming industries.
Product Specific Details
CAS No.: NA; HS Code: 27101920; Grades:
Jet A, Jet B, TS-1; Packaging Size: Drums/Tank; Incoterms: CFR,
FOB, Ex-Works, Bulk Contracted, Spot
Countries Covered:
APAC – China, Japan, India, South Korea, Singapore,
Europe – Germany, France, Belgium
America – USA, Brazil
MEA – Saudi Arabia, UAE, South Africa
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