By ERIC YEP and JACOB GRONHOLT-PEDERSEN
Asia's gasoil and jet fuel markets will likely remain steady in the coming week, supported by recent orders from Vietnam, but generally sluggish demand will continue to weigh.
Middle distillate premiums are also supported by news this week that Royal Dutch Shell is in the process of disposing of its last refinery in Australia.
However, traders say inquiries about gasoil cargoes for May delivery are yet to materialize.
"There haven't been any recent deals. The market is very quiet, and many Japanese cargoes are still available here," a North Asian trader said.
In Southeast Asia, weak economic activity is taking its toll on gasoil demand, with diesel consumption low as mining activity has slowed considerably.
"Asian refiners are feeling the brunt of lower middle distillate cracks -- quite a surprising development, considering that almost 2.3 million barrels a day of refining capacity is scheduled...