Indian jet kerosene markets ended January under softer demand amid post-holiday lull, with sellers clearing stock as refinery run rates stayed robust. Coastal hubs offered ample supply and greater buying choice, reducing urgency to cover forward needs. Civil aviation remained the main demand driver, but activity cooled from year-end peaks, while spot inquiries were balanced. Airlines paused heavy forward purchases amid SAF policy uncertainty, and broader transport fuel demand failed to absorb the supply. Jet Kerosene supply dynamics strengthened the downshift as mid-month inventory clearance trimmed offers and production stayed ahead of demand. The Jet Kerosene market pattern supported a marked monthly correction in January. Key factors shaping the outlook include subdued domestic aviation demand post-holiday, ample refinery throughput, with flat crude supporting a cautious trajectory. Seasonal travel growth into late spring and summer could provide upside, contingent on demand recovery and SAF policy developments.
