ResearchPolicy2026-09-04
Import Quota Utilization at 78.3%; Customs Clearance Time Cut to 14.2 Hours
Non-state crude quota utilization at 78.3% (+5.1 pt MoM); remaining quota scarce—move now if you hold barrels. Shanghai FTZ clearance down to 14.2h. USD/CNY 6.7219 lifts hedging cost; re-export docs must withstand scrutiny.
