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Amsterdam-Rotterdam-Antwerp jet fuel, kerosene stocks down 1.8% on week: PJK

London — Jet kerosene inventories in the Amsterdam-Rotterdam-Antwerp hub were down 1.8% on the week to 647,000 mt on February 6, but stand 5.4% higher year on year, according to data from PJK International.

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While the contango between the jet CIF NWE cargo front-month versus second-month spread has steepened over the past week, it remains insufficient to cover the cost of storage.

The front-month was assessed $1.50/mt below the second month on Thursday compared with $0.25/mt below on January 31.

The stronger contango structure comes amid ample arbitrage volumes arriving from East of Suez and relatively weak seasonal demand.

-- Neil Tailor, neil.tailor@spglobal.com

-- Edited by Alisdair Bowles, alisdair.bowles@spglobal.com