Kerosene Platt’s quotation for

The exchange rate of EUR to USD which has gone up by 11% since May (and 18% since the beginning of the year) has at least for now severely diminished or eliminated any real cost relief on oil derivatives pricing. Thus, the currency adjusted Platt’s quotation is still solidly above USD 1,000/t.

We will continue to monitor and report on the kerosene pricing and USD/EUR exchange rate trends here.