Asian jet kero cracks firm to highest in more than a month

London, (Quantum Commodity Intelligence) - Refining margins for jet kero cracks FOB Singapore rose to their highest in more than a month on Monday while light end cracks slipped for the fourth day in a row, according to Quantum data.

Physical jet kero cracks versus cash Brent rose above $2/b on Monday, as the lingering effect of last week's data on the gasoline build in the US weighed on the crude market.

According to Quantum data, the refining margin for jet kero was $2.02/b on Monday.

That compares with margins of just $0.57/b ten days earlier.

The rise in jet kero cracks, however, has little to do with the rising demand for jet fuel globally, with data from Eurocontrol showing the number of European flights falling week on week for the first time since February last week.