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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JET FUEL
Europe’s spot jet fuel prices softened in the week to Sep. 6, according to ICIS.
- Average European jet fuel cargo spot prices were down 6% on the week, while barge prices fell 5% week on week.
- Jet fuel prices are likely under pressure due to continued overhang of supply and a lack of demand.
- Western European jet fuel demand is on a downtrend as the market comes out of the summer travel season.
- Average implied passenger demand is seen falling 1.38% week-on-week to 1.422m b/d for the seven days commencing Sep. 10, according to Bloomberg.
- Demand fell 0.32% in the week to Sep. 9 to 1.442m b/d.
- Meanwhile, global passenger capacity – a proxy for demand – is seen at 109.86m seats in September, up 5.2% on the year.
- Meanwhile jet fuel stocks in the ARA were stable last week at 972k mt, according to Insights Global.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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