Brent settled at $105.55/bbl, down 0.12%, while WTI rose 0.10% to $101.50, narrowing the transatlantic spread to $4.06. Natural and butadiene rubber moved in opposite directions, widening their daily spread to 2.6 percentage points.

SNSUC's seven crude transshipment grades (ESPO/Dubai/Oman/Urals/Basrah Light/Bonny Light/Lula) face a two-way pull on CIF premium today: Brent -$3.14 lowers the benchmark, yet USD/JPY -0.5441 and USD/KRW -0.4992 signal Asian FX weakness that passively lifts RMB delivered cost. Transshipment margin has entered a thin-and-volume game.

USD/CNY at 6.7114, USD/JPY 153.54 and USD/KRW 1341.46 all lower; a stronger yuan cuts the renminbi cost of dollar purchases and widens the transshipment margin.

Intraday on 2026-09-10, USD/JPY reads 153.57, down more than 2.8% from the ~158 level in early September, while USD/KRW strengthens to 1341.8 (vs ~1357 early month); USD/CNY holds at 6.708. Broad Asian-currency strength lowers USD-denominated delivered costs and favours the timing of transshipment procurement and tenor management.

USD/CNY printed 6.7108, down 0.10%, with EUR/CNY easing in parallel — a sign of marginally looser offshore liquidity. For transit trade that buys in USD and settles in RMB, such a window of easing import cost typically lasts only a few sessions, so settlement and hedging should be brought forward accordingly.

Asian currencies strengthened against the dollar in unison: USD/JPY at 158.92 (-0.77%), USD/KRW at 1,357.98 (-1.08%) and USD/CNY at 6.7190 (-0.07%), while EUR/USD eased to 1.1586. Brent at $95.84/bbl and WTI at $91.18/bbl both edged up 0.12%, compressing the Brent–WTI spread further to $4.66/bbl. With dollar-denominated crude flat and buyer currencies appreciating, Japanese, Korean and Chinese refiners are handed a window of lower costs measured in local currency.