Recently, Singapore aviation fuel has continued its downward trend, on the one hand, it is affected by the market weakness, and on the other hand, although some Asian countries and Europe are expected to increase heating oil, the actual performance has not yet been obvious, which has led to the lack of power of Singapore aviation coal as a whole. As of December 8, Brent** was 75$84 per barrel, up $6 from the end of November$99 barrel or 844%；Singapore Kerosene ***99$41 per barrel, up $8 from the end of November$50 barrel or 788%。
*: Longzhong information.
According to Longzhong Information, since November this year (December 8), the correlation between Singapore jet fuel and Brent ** is 069, compared with the same period last year**015。It can be seen that the Singapore jet fuel market is still affected recently, but the impact is smaller than that of the same period last year.
*: Civil Aviation Administration, Longzhong Information.
According to the statistics of the Civil Aviation Administration, international routes continue to be in a state of recovery, and until October this year, the turnover of civil aviation on international routes reached 32500 million ton-kilometers, compared with September **417%, reaching a high this year; From January to October, the cumulative turnover of civil aviation on international routes was 25.1 billion ton-kilometers, 142 compared with the same period last year37%。In October this year, the turnover of civil aviation on domestic routes reached 77600 million ton-kilometres, compared to September **237%, of which domestic routes reached a high of 8.5 billion ton-kilometers in August this year; From January to October, the cumulative turnover of civil aviation on domestic routes was 727200 million ton-kilometers, compared with the same period last year**21547%。Overall, the domestic civil aviation transport turnover in October this year was 110100 million ton-kilometers, 290%, a year-on-year increase of **15845%。From January to October this year, the total turnover of civil aviation transport was 978300 million ton-kilometers, 90 million year-on-year40%。
*: Longzhong information.
According to Longzhong data monitoring, civil aviation kerosene consumption in October this year is estimated to be 308830,000 tons, 290%, a year-on-year increase of **15845%。From January to October this year, the consumption of kerosene in civil aviation is estimated to be 2744130,000 tons, 90 compared with last year40%, down 10 percent from 201966%。In October this year, the consumption of kerosene in civil aviation was slightly month-on-month** and still significant year-on-year**, but it has not yet recovered to the level of 2019.
From November to December, there is no domestic holiday support, and domestic civil aviation demand is only supported by business travel and some travel, and domestic routes may continue to decline slightly. However, China has achieved visa-free access for some countries and regions, and with the increase in international voyages, international routes are expected to still have room for growth.