FY17 saw record core trading volumes, driven by continued strong demand in jet fuel markets and diversification into other oil products. While margin optimisation execution was more difficult in H217 as markets moved into backwardation, gross margins remained positive and partially recovered from the Q3 low by the year end. Combined with the improved associates’ contribution driven by strong air transport growth in China, prospects for renewed progress in FY18 are encouraging. The healt
29 Mar 2018
China Aviation Oil (Singapore) - Traffic growth supporting demand
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
China Aviation Oil (Singapore) - Traffic growth supporting demand
- Published:
29 Mar 2018 -
Author:
Andy Chambers -
Pages:
7
FY17 saw record core trading volumes, driven by continued strong demand in jet fuel markets and diversification into other oil products. While margin optimisation execution was more difficult in H217 as markets moved into backwardation, gross margins remained positive and partially recovered from the Q3 low by the year end. Combined with the improved associates’ contribution driven by strong air transport growth in China, prospects for renewed progress in FY18 are encouraging. The healt