Slack jet fuel imports drags China Aviation Oil’s profit
Growth will slow down by 10%, analysts said.
China Aviation Oil (CAO) is heading towards an uninspiring year as slow growth of jet fuel imports in China threatens to drag 2017’s profit growth by 10%.
RHB said that growth for import of CAO bonded jet fuel into China will be driven by displacement of non-bonded jet fuel imports and growth in international air traffic. This is amidst an oversupply of jet fuel in the domestic market.