ResearchIndustry2026-09-30
How the crude list price is built: Brent × FX × 7.33 × grade, a live breakdown across seven transfer grades
Plugging Brent at 96.01 dollars and USD/CNY at 6.7031 into SNSUC's list formula gives a base list price near 4,717 yuan/t; the seven transfer grades — ESPO, Dubai, Oman, Urals, Basrah Light, Bonny Light, Lula — split into arrival prices by grade factor.