Petrochemicals | Jet Kerosene Pricing Overview
Quarterly Update on Global Jet Kerosene Market
For the Quarter Ending September 2020
The Asian Jet Kerosene market values edged higher in Q3 of 2020 on pickup in demand for heating oil Kerosene ahead of the winter season. But with travelling season in major global economies coming to an end, the market ended up with lull demand by the end of September. While stock piling due to seasonal shortage temporarily eased off the downward pressure on weak margins of Jet Kerosene, a meaningful rebound is anticipated to take at least a year due to uncertainties over travel activities. To secure profit amidst tepid demand, manufacturers are anticipated to blend excess jet cargoes into alternate fuel pools till 2021.
Market fundamentals of Jet Kerosene in North America observed unprecedented recovery in comparison to other regions because of the higher domestic travel activities. With the travelling season marking an end by September, the demand is likely to stagnate for several months on reduced commercial travelling. Refiners are expecting further boost in recovery by the last quarter with high hopes of increment in the international travel activities as coronavirus cases have plateaued in many economies after surpassing the peak.
The European Jet Kerosene market witnessed dented demand in Q3 as resurgence in coronavirus cases aggravated the global travel restrictions. Surplus cargoes amidst lull demand has continued to exacerbate the supply side crisis. With consumption pattern primarily related to growth in travelling pattern, the demand is likely to stay muted with extended restrictions in international travel activities on fears of second wave of coronavirus across the globe.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Jet Kerosene is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Jet Kerosene price is correlated with the price trend of crude oil, demand-supply fundamentals and performance of the aviation industry.
Basic details and information on financial performance of leading global players in the Jet Kerosene market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
News & Deals
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
ChemAnalyst gathers information through primary research surveys conducted with various Jet Kerosene manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Jet Kerosene market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Jet Kerosene market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.
Finally, region-specific markets for Jet Kerosene are analyzed and region-wise demand pattern is tracked.
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.