ASIA-PACIFIC-China Aviation Oil’s (CAO) jet supply and trading volumes fell in the third quarter but were up in the first nine months compared to last year, according to the company’s financial statements (JFI Oct.5’15). Jet supply and trading volumes at CAO, one of Asia’s largest jet traders and China’s sole jet importer, fell by 7.5% from last year to 3.07 million tons in the third quarter, a drop of 250,000 tons. Compared to the second quarter, volumes dipped by around 80,000 tons. During the first nine months of the year CAO supplied and traded 9.1 million tons of jet, a 12% jump from last year or the equivalent of 980,000 tons. CAO describes China’s jet fuel demand as “strong” and “supported by a record high number of Chinese passengers travelling abroad.” But the company adds that financial instability and weak global demand, together with economic uncertainty in China, are likely to keep oil trading “challenging” for the rest of the year.
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