FUTURES & SWAPS > MIDDLE DISTILLATES
Middle Distillates
Middle Distillates are hydrocarbons that include primarily Gas Oil and aviation Jet Fuel (or high-grade Kerosene). Gas Oil is increasingly used as an industrial fuel, displacing Fuel Oil because of environmental concerns. It is also used as a fuel for buses, lorries, and taxis. Jet Fuel is commonly used as an aviation fuel and also as a domestic fuel for heating purposes.
Trading Middle Distillates
Jet Fuel and Gas Oil swaps are traded on a monthly, quarterly and calendar year basis. Ginga’s customer base includes Japan, China, Korea, Singapore, Australia and Europe.
| PRODUCT | Jet Fuel (Kerosene) Gas Oil 0.5% Sulphur Gas Oil |
| Contract Size | 10,000 to 50,000 Bbl per Contract |
| Categories of Trading | • Jet/Kerosene and 0.5%S Gas Oil Singapore Swaps • Jet/Gas Oil Spreads (regrade) • Inter-month Spreads • East-west Spreads • Crack Spreads (Gas Oil/Dubai crack, Kero/Dubai crack) |
| Offerings | • Asian and European Market Access • Clearport / ICEBlock / AsiaClear |