SINGAPORE, June 1 (Reuters) - Asia's benchmark 500ppm gasoil cash premium to Singaporequotes held firm at 25 cents a barrel for a third day on Wednesday but jet fuel stayed mired ata 25 cents discount to Singapore quotes on comparatively slower demand. Supplies for both gasoil and jet fuel remain high, but the dry season has helped to boostdemand for the former while slower growth in demand for air travel has hurt the latter. Global passenger demand rose 4.6 percent in April, the International Air TransportAssociation (IATA) said on Monday. That represents the slowest growth since January 2015. "Demand is still broadly healthy, but there is also growing uncertainty at the macro levelwith cuts to world GDP forecasts and geopolitical tensions," said Jonathan Wober, chieffinancial analyst at CAPA-Centre for Aviation. In Singapore, Royal Dutch Shell has restarted a refining unit at its 500,000barrels per day (bpd) Bukom Island refinery. The unit had been shut since July 2015. The restart of the 210,000 bpd crude distillation unit (CDU) will add to supplies but itcomes at a time of strong gasoil demand in India, traders said. Continuing French strikes over the government's proposed labour law reforms were alsolifting market sentiment even if there were no real impact on fundamentals in Asia for now,traders added. TENDERS: China's WEPEC sold up to 43,000 tonnes of 500ppm gasoil for June 25-27 loading fromDalian at a discount of 30 cents a barrel to Singapore quotes on a free-on-board (FOB) basis. China Aviation Oil has bought at least one of three jet fuel cargoes it was seeking for Juneand July arrival at Tianjin and Huangpu at a discount of 20 cents to 30 cents a barrel toSingapore quotes on an FOB basis. India's MRPL sold 65,000 tonnes of gasoil with 0.05 percent sulphur content for June 11-13loading from New Mangalore at a premium of more than $1.20 a barrel to Middle East quotes on aFOB basis. None of the deals could confirmed directly as sellers and buyers do not comment on theirtrades. SINGAPORE CASH DEALS: Phillips 66 sold to Vitol 250,000 barrels of 10ppm gasoil for loadingJune 20-24 at a premium of $1.50 a barrel, making this the only deal in the Singapore middledistillates cash market. MID-DISTILLATES CASH ($/B) ASIA CLOSE Change % Change Prev RIC Close Spot Gas Oil 0.5% 56.94 -0.57 -0.99 57.51
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