郝芬 译自 天然气加工新闻网
Jet fuel cracks inch up as aviation demand struggles
Asian refining margins for jet fuel edged higher this week, but traders remained concerned the market for aviation fuel would stay depressed for the remainder of the year due to lesser number of scheduled flights operating in the region.
Refining margins or cracks for jet fuel in Singapore were at a discount of 41 cents per barrel to Dubai crude during Asian trade "Asian jet (fuel) markets will continue to struggle until the uptick in Northeast Asian kerosene heating demand kicks in later in the fourth quarter of 2020," consultancy Energy Aspects said in a monthly note.
Scheduled flights in China were down by 2.3% year-on-year in the week to Monday, compared with a 4.2% drop in the preceding week, data from aviation data firm OAG data showed. Cash discounts for jet fuel were at $1.17 a barrel to Singapore quotes on Tuesday, 4 cents lower from Monday. The regrade, which is the price spread between jet and gasoil, for October stood at a discount of $2.62 a barrel on Tuesday, prompting refiners to continue blending jet fuel into the diesel pool.