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/CNY at 6.7222 (+0.04%); Brent/WTI stable in USD, yet CNY-denominated fuel oil (+1.34%) and asphalt (+4.18%) surged — highlighting exchange rate amplification on import costs. At current FX, fuel oil import cost is ¥28/t higher vs. Aug avg; asphalt ¥52/t higher.