USD/CNY fell to 6.6558 (-0.06%), the lowest in 3 months, while Brent surged to $113.498/bbl. Combined, this raised RMB-denominated import costs for fuel oil and bitumen by ~1.8%. Traders are increasingly using SNSUC’s online hedging tools to manage FX exposure.

USD/CNY closed at 6.6558 (−0.06%), with EUR/CNY and USD/KRW also weakening; FX uncertainty is reshaping cross-border settlement for bulk energy commodities, accelerating adoption of digital warehouse receipts and multi-currency quoting.

Customs will assess formula-priced crude at the filed formula, matching SNSUC's quotation; the taxable rate sits with the buyer, so hedging timing sets the cost.

EUR/CNY at 7.4865 and EUR/USD at 1.1222 both slipped as the euro softened on its own; CIPS euro direct-clearing replaces the two-step dollar route, pulling settlement from T+2 to T+1.