RMB weakened again—USD/CNY at 6.7219, +0.18%. Small move, but USD-priced cargo costs tick up visibly: at Brent $95.51/bbl, landed RMB cost rises ¥12.8/bbl, and fuel oil at ¥3,900/t implies a $2.7/t higher USD-equivalent cost. The pricing window has shrunk to under 3 trading days—don’t bet the direction. Our approach: bring settlement forward, don’t delay hedging; use tiered forward FX purchases to spread risk, not an all-in single-side bet. If you hold USD receivables, this is the window—lock in before it weakens further.