China’s fourth increase in jet fuel prices in 2009

The Chinese Government raised jet fuel prices by 6.29% to USD742 per ton on 02-Sep-2009, marking the fourth increase in 2009. [1010 words]

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This report contains the following subheadings:

• Surcharges coming back in more protected North Asian markets
• Chinese Government creates concerns in derivatives markets
• Air China and China Eastern affected by decision
• China Eastern and Air China report hedging gains in 1H2009
• And assess fuel hedging contracts at end of first half