East Asia jet fuel prices indicate a rebound: S&P Global Platts

Jet fuel prices in Singapore, Asia’s main commodity trading centre, are rising and indicate a potential rebound in air passenger demand in East Asia, according to data from S&P Global Platts. Following a fall of 84% in the free-on-board (FOB) price of Singapore jet fuel in April when it hit a  record low of $13.06 a barrel on April 22 it has since rebounded  to just shy of $40 a barrel on June 5 – a 202.8% spike from the April low, according to S&P Global Platts data. According to S&P Global Platts, this a similar move in both the derivatives and