China's jet fuel demand grows as fuel oil slips—but watch out for diesel.

摘要

Despite the fact that China's economy is showing signs of slowing, the country's jet fuel demand will likely continue to exhibit strong growth. According to Meng Fanquiu, CEO of China Aviation Oil (Singapore), jet fuel demand growth this year should be comparable to 2013 at a brisk 10%. "Supply into China has been stable with a slight increase, which is in line with our expectations, even though (the country's) growth rate has slowed down," he said. CAO has also reported that China's civil aviation industry has already seen 10.7% growth in H1 2014, pushing the country's jet fuel consumption up 11% from year-ago volumes.