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Platts Jet Fuel

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ARA jet fuel, kerosene stocks fall 1% on week to seven-month low: PJK

London (Platts)--2Mar2018/642 am EST/1142 GMT


Jet fuel and kerosene stocks in the Amsterdam-Rotterdam-Antwerp and Ghent trading hub fell 1.04% in the week to Wednesday, data from PJK International showed Friday.

Jet fuel and kerosene stocks fell to 571,000 mt, the lowest level since August 10, from 577,000 mt in the previous week.

Backwardation in jet fuel paper markets reached a three-year high during the reporting week, encouraging more jet fuel out of tank.

The backwardation between front-month and the second-month jet CIF NWE cargo swaps hit $8.50/mt Monday, the highest spread seen since November 2014.

An increase Asian jet fuel prices has seen a reduction of jet from East of Suez markets, leading to this backwardation and draws from already low stocks in Europe.

--Christopher Ewen, christopher.ewen@spglobal.com
--Edited by Jonathan Fox, jonathan.fox@spglobal.com

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The Jetfuel Price Monitor is a joint Platts - IATA initiative
The index and price data shows the global average price paid at the refinery for aviation jet fuel at the reported date.

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