On June 4, the Civil Aviation Administration of China announced that foreign airlines will be able to operate a single flight every week to approve cities until Oct 24. Earlier, restrictions on are travel were put in place to curb the coronavirus, which caused demand for jet fuel to plummet. In April, the country produced 2.42MM mt (629K b/d) of jet fuel, a 42.9% drop on the year and the lowest level in six years. However, as travel data and analytics firm Cirium reports that China's domestic flight traffic was at 78% of pre-pandemic levels in May, some companies have decided to boost jet fuel sales. A source reports that a Shanghai-based refinery intends to sell 50K mt (13K b/d) of jet fuel, including 10K mt (78MM bbl) for bonded sales at Shanghai Pudong International Airport, entirely to the domestic market this month.
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