USD/CNY 6.7219 (+0.18%): import costs tick up visibly—Brent landed cost +¥12.8/bbl, fuel oil USD-equiv +$2.7/t. Pricing window shrinks to 3 trading days; hedge with tiered forwards, not an all-in bet.

USD/JPY at 155.4500, down 2.03% on the day — a recent low; JPY weakness amplifies import cost pressure and poses short-term FX risk for fuel oil and bitumen buyers in East China.

USD/KRW settled at 1357.5200, down 1.12% — the largest one-day drop in three weeks; raises FX conversion cost for rubber importers in East China settling in KRW, urging near-term hedge execution.

Due to rising global oil prices, China's crude import costs may increase, with companies advised to closely monitor exchange rate changes.

On Sep 2, USD/CNY settled at 6.7199 (flat), translating Brent and WTI import costs to ¥632.5/bbl and ¥600.8/bbl respectively; volatility of import-cost equivalents for fuel oil, asphalt, and natural rubber rose to 1.82%, up 47 bps w/w. Recommended: spot settlement + 3-month forward point pricing for 50% exposure.