Ample supplies and limited outlets pressured product prices in Asia-Pacific. Gasoline and middle distillates strug- gled amid poor arbitrage economics. But support for diesel could come from stronger Chinese demand. The fuel oil dis- count to crude held steady on tight on-specification cargoes. Ultra-low sulphur gasoil fell on ample supplies and limited outlets. The end of China's annual three-month fishing ban on 1 August could help lift gasoil demand from next month. Diesel-fired generators were used increasingly because of power shortages in China, lifting gasoil demand. But high gasoil output - encouraged by attractive refining margins - weighed on the market.
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