Asian SAF Trend & Singapore Levy Delay

Asia & Middle East renewable distillates monthly commentary / Singapore’s CAAS postpones planned SAF levy by 6 months / JGC, Nerima city partner for SAF production from UCO / Europe-Asia SAF spread widens to 135%

Jun 02, 2026

Asian sustainable aviation fuel prices jumped in March, on the back of global geopolitical tensions, which have caused mayhem across the middle distillates complex. FOB Straits SAF price at $2,370/ metric ton on March 25, up $260/mt from the start of the month. The SAF premium over jet fuel FOB Singapore assessed forward curve (MOPS) was assessed at $1,199.50/mt on March 25, down $54.25/mt from the start of the month. The SAF premium over jet fuel FOB Singapore assessed forward curve (MOPS) swung wildly in March, reaching lows of $714.75/mt on March 4 on the onset of the Middle Eastern tensions. SAF premiums over jet fuel generally lagged behindmarket fundamentals for jet fuel, because typically, when underlying fossil contracts see volatility, biofuels traders will seek to “adjust” bio-premiums as a...

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