ResearchPolicy2026-10-15
Import Quota Window Tightens: FO +1.26% Prices in Customs Efficiency Premium
Fuel oil futures rose 1.26% to ¥4,827/t while asphalt fell 1.27%, signaling quota-driven premium for fast-turnover cargoes. USD/CNY edged down 0.03% to 6.6918, softening import cost rigidity. Pressure mounts on authenticity proof for offshore re-sales; blockchain bills of lading are now the de facto evidentiary anchor.