Singapore—Asia’s aviation sector is recovering, with regional flights gradually taking to the skies again and providing the promise of strengthening jet fuel prices, but financial headwinds and fears of a second wave of coronavirus infections could again ground prices, traders said this week. The FOB Singapore jet fuel/kerosene price plummeted by almost 84% since the beginning of the year to a record low of $13.06/b on April 22, but has rebounded since then, gradually climbing to $23.68/b at the 0830 GMT Asian close Wednesday, marking a 81% spike from the trough, S&P Global Platts data showed.
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