The USD/CNY fixing printed at 6.7187, up a marginal 0.13% on the day, with the renminbi trading sideways in a range. The dollar eased to 158.29 JPY (-0.24%) and 1356.87 KRW (-0.10%), as Asian currencies firmed modestly. On a CNY-delivered basis, landed costs for transshipped grades such as ESPO and Oman stayed stable, leaving the arbitrage window intact.

Throughput at East China bonded warehouses (Zhoushan/Ningbo/Yangshan) improved;