U.S. Jet Kerosene Prices 2025, Size, Trend, Graph, Chart and Forecast
In the final quarter of 2024, the North American Jet Kerosene market experienced notable price volatility. The first two months saw a sharp increase in prices, largely driven by surging demand from the aviation industry. Rising travel volumes and heightened airline operations put pressure on refiners, who struggled to meet the growing fuel requirements. Geopolitical tensions further contributed to the escalation in crude oil prices, directly impacting jet fuel costs. Additionally, industry insights suggested that airfares had not entirely kept pace with inflation, exacerbating the financial strain on airlines amid soaring fuel expenses.
By December, however, Jet Kerosene prices began to ease slightly. This downward trend was attributed to a combination of stable crude oil prices and well-managed inventories. Market participants strategically stockpiled supplies in anticipation of reduced aviation demand following the peak holiday season. With air travel activity expected to slow, the accumulated inventories helped stabilize prices. This trend was projected to continue into early 2025, as lower seasonal demand exerted downward pressure on the market, signaling potential further price adjustments.
Get Real time Prices for Jet Kerosene: https://www.chemanalyst.com/Pricing-data/jet-kerosene-23
The Jet Kerosene market in Asia-Pacific demonstrated an upward trajectory throughout Q4 2024, fueled by strong aviation demand and evolving supply dynamics. India, a key player in the region, recorded a 1.4% price increase in December despite fluctuating crude oil costs. This rise was supported by a significant 6.8% year-on-year increase in Air Traffic Fuel (ATF) sales, with a month-on-month gain of 5.2% compared to November. The robust demand tightened the supply-demand balance, keeping price pressures elevated.
November also saw an uptick in Jet Kerosene prices across Asia, driven by growing export demand from major markets like Singapore and Malaysia. Indian jet fuel exports surged to multi-year highs, intensifying upward price pressure. The holiday season further propelled aviation fuel consumption to record levels, reinforcing India's position as a critical supplier in the region. Despite softer crude oil prices, India's strategic export adjustments and increasing market influence played a pivotal role in stabilizing supply. Given the strong consumption trends and ongoing supply chain shifts, Jet Kerosene prices in Asia are expected to remain elevated in the short term.
The European Jet Kerosene market faced a dynamic landscape in Q4 2024, shaped by increasing supply from Middle Eastern and Indian refineries. Eurostat data indicated a modest 0.7% year-on-year rise in EU jet fuel demand between January and July 2024, reflecting stable yet subdued consumption. This shift in demand and supply dynamics led to the narrowest price premium between northwest European and Singaporean jet fuel in three years, prompting adjustments in trade flows.
By late November, European jet fuel exports to Asia gained momentum, as Singaporean prices surpassed those in Europe. The increased refinery capacity and steady demand within the region alleviated concerns over supply shortages. Market analysts remained optimistic about the European outlook, expecting sufficient fuel availability to sustain stability in pricing. While European jet fuel pricing trends are now more closely aligned with Asian markets, supply remains well-balanced, with no immediate concerns of market tightness in the near future.
Get Real time Prices for Jet Kerosene: https://www.chemanalyst.com/Pricing-data/jet-kerosene-23
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