Asia Distillates-Jet cash premiums sink to 3-week low on weak spot demand

SINGAPORE, Nov 13 (Reuters) - Cash differentials of Asia's jet fuel fell for a fourth straight session on Monday, sinking to a three-week low amid a lack of spot demand for cargoes of the fuel in the Singapore pricing window, sources said. While jet fuel prices have come under pressure over the past week, the near-term downside is seen as limited as winter supply from North Asia is expected to tighten and demand for heating fuel kerosene rise. REGRADE - The November jet regrade edged up to $1.55 a barrel on Monday, back towards its near 1-1/2 year high of $1.58 a barrel on Thursday, Reuters data showed. - Recent weakness in an gasoil market, coupled with relatively stronger jet fuel prices, have helped boost the front-month regrade value, sources said. INDIA DATA - After a very strong September, Indian oil product demand growth remained relatively flat in October, JBC Energy said in a research note on Monday, citing national statistics data. - "While consumption of diesel was below year-ago levels, this is related to a very strong October 2016 and on average over September and October," said JBC. - India's sales of diesel stood at 6.55 million tonnes in October, up from 6.08 million tonnes sold in September but down from 6.68 million tonnes a year ago, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Friday. - India's jet fuel consumption growth was in double-digit territory in October, growing 11 percent from the previous year, JBC said. - "Indian (oil product) demand has recently seen consecutive months of strength and we remain optimistic about demand growth for the remainder of the year," said JBC. - SINGAPORE CASH DEALS: One gasoil deal, no jet fuel trades. MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 71.68 -0.42 -0.58 72.10 GO 0.5 Diff -1.55 -0.04 2.65 -1.51 Spot Gas Oil 0.25% 71.97 -0.42 -0.58 72.39 GO 0.25 Diff -1.26 -0.04 3.28 -1.22 Spot Gas Oil 0.05% 72.99 -0.35 -0.48 73.34 GO 0.05 Diff -0.24 0.03 -11.11 -0.27 Spot Gas Oil 0.001% 74.21 -0.38 -0.51 74.59 GO 0.001 Diff 0.99 0.01 1.02 0.98 Spot Jet/Kero 74.63 -0.45 -0.60 75.08 Jet/Kero Diff -0.13 -0.08 160.00 -0.05 For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2 (Reporting by Roslan Khasawneh, editing by David Evans)