Asia and Middle Eastern Jet Daily Market Analysis / Paper backwardation widens intraday / Supply disruptions cue Indian export taxes / in recent days, which, coupled with supply disruptions from the Middle East and Russia, / pillared market sentiment in the paper segment. the front-month August-September FOB / Singapore jet fuel/kerosene swaps time spread— an indicator of the near-term market / outlook—at plus $4.50/barrel at the July 16 Asian close, narrowed from plus $6.30/b the / previous session. The M1/M2 swap backwardation structure rebounded in mid-afternoon / Asia trading July 17, as brokers pegged the M1/M2 swap spread at plus $5.40/b. CPC was / 21-31, at a premium between $5-$5.50/b to the whole-month August average of the Mean / of Singapore jet fuel/ kerosene assessments, CFR, said three market sources. Key regional / airline Singapore Airlines Group showed positive passenger traffic figures in its latest / The June passenger count was up 1.8% month over month and 6.3% year over year, despite / month but down from 88.7% a year earlier. the benchmark FOB Singapore jet fuel/kerosene / over day and by $32.38/b month over month. Asian jet fuel prices rebounded after fighting / last higher on March 20 at $160.25/b, data showed. The FOB Singapore jet fuel/kerosene / India move to raise export taxes on diesel and jet fuel on the back of renewed supply / earnings by refiners who are exporting, given that overseas demand is strong,” said DLN / Singapore jet fuel/kerosene frontmonth swap crack spread against front-month Dubai / middle distillate imports rose 1.6% month over month and 13.1% year over year to 23.3 / preliminary data from the Department of Climate Change, Energy, the Environment and / month over month but down 10.85% year over year, for which South Korea was the biggest / supplier at 1.62 million barrels, surging 223.43% month over month and 46.91% year over / same month the previous year. In June, passenger arrivals are expected to decline to 1.56 / Singapore jet fuel/kerosene cargo outright price averaged $151.73/b in May, falling from / Asia & Middle East Jet Kero Daily Rationale & Exclusions / Jet Kero FOB Spore Cargo <PJABF00> assessment rationale: The FOB Singapore Jet / fuel/kerosene cargo assessment July 17 was based on the adjusted relationship between the / physical and swaps markets. The cash differential was down 2 cents/b day over day at Mean / of Singapore Jet fuel/kerosene assessment plus $2.59/b, as the August-September jet / fuel/kerosene swap spread was down 3 cents/b day over day at plus $4.47/b. Jet Kero FOB / Arab Gulf Cargo <PJAAA00> assessment rationale: The FOB Arab Gulf Jet Kero cargo / assessment was derived as a freight netback from the FOB Singapore Jet Kero cargo / assessment using the following input: FOB Singapore Jet Kero cargo assessment minus the / Singapore. Exclusions: No market data was excluded from the July 17 Singapore Jet / FOB Fujairah Jet Kero Rationale & Exclusions / for recent cargo trades heard in the Middle East. The MOPAG jet fuel/kerosene strip was / $136.49/b. Exclusions: No market data was excluded from the July 17 Fujairah jet / fuel/kerosene Market on Close assessment process. Aug 1-5 100kb (Deemed pricing Aug 3-7) / under this Contract:(i) does not contain any product that was produced, manufactured or / uses product or components that have been produced, manufactured or processed in, or / 12-16 100kb (Deemed pricing Aug 12-18) Trades: No trades reported This assessment