Jet: Group 3 Q grade trades
June 20, 2016
The usually illiquid Group 3 jet fuel, known as Q grade, was heard traded at the NYMEX July ULSD futures contract minus 10.50 cents/gal, down 1 cent from Friday and the lowest since on May 31.
"Quite a weird market for [Q} -- I hardly ever see a trade," said a trader active in the Midwest jet market. "I try and follow it [but] it just trades in bulk -- rarely, as far as I can tell."