Kerosene Price | Indonesia - Q4 2023
Check how the Kerosene price evolved in Indonesia, from Q4 2022 to Q4 2023.
The Kerosene price in Indonesia increased during Q4 2023 to 897 USD per metric ton, which represents a considerable rise of 9.7% compared to the previous quarter’s value. On a year-over-year basis, Kerosene prices in Indonesia increased by 9.1%.
The chart below shows quarterly Kerosene prices, in USD per metric ton in Indonesia and other selected countries in Southeast Asia.
For further information on the pricing of Kerosene, including:
- Current prices, on a monthly basis
- 10-year historical pricing data
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/kerosene-price-indonesia
Wouldn’t it be great to be able to monitor 13 key energy commodities in as many as 33 strategic countries worldwide?
Click below and benefit from this offer:
▶ https://www.intratec.us/products/energy-price-references
A Little Bit About Kerosene
Kerosene (a.k.a. Paraffin Oil) is a hydrocarbon mixed fuel, containing mostly paraffins but also 7–8% aromatic content. It is a pale yellow or colorless liquid that is mainly obtained from crude oil as a specific fractional distillate. It is also possible to produce Kerosene by distillation of coal and oil shale. Because of its use in lamps, Kerosene was the major refinery product for several decades until the advent of the electric lamp in 1878. It is still used worldwide as fuel in aviation, especially in highly refined grades.
Kerosene is widely commercialized in the spot market, in which the commodity can be purchased for immediate delivery. Spot prices, unlike contract prices, depend on commodity availability — the lower the availability, the higher will be the commodity price. This trade type is vulnerable to disruptions like plant closures, natural disasters, supply shortages, or changes in regulations by country governments. Conversely, lower demand and increased producer inventories tend to drive spot prices down.
Sunlight and excessive heat will break down Kerosene. The fuel should be kept close at room temperature and away from sunlight. Storage and transportation tanks and pipes should not be made of copper, copper alloy, or zinc or else Kerosene will deteriorate. Bulk quantities of Kerosene should be stored in a blue container for proper fuel type differentiation. The commodity delivery must be carried out in accordance with the rules for transportation of fire dangerous goods. Tank trucks should be treated with special protective reagents, which eliminate the mixing and entry of components of Kerosene into unintended reactions, and motor transport should be equipped with all fire safety and anti-static systems.
Kerosene is used mainly as fuel for jet and rocket engines; fuel for heating and lighting; fuel for cooking; as lubricant; and as organic solvent.This commodity can be used in the manufacture of derivatives, such as: iso-octane; n-nonane; n-decane; iso-decane; n-undecane; iso-undecane; deodorised kerosene; naphthenic acid.
About Intratec Solutions LLC
Intratec is a leading B2B provider of commodity strategic data and analyses. We are an online business whose mission is to provide reliable information about commodities, empowering companies to make accurate, high value-added decisions.
For more information, visit www.intratec.us
