The night trading session for soybean oil futures saw volatile movements, with resistance still evident around the Yuan 8,000/tonne mark. In the spot market, localized tightness in deliveries has been observed, and the national spot basis for soybean oil remains stable with a slight bullish bias. Additionally, market participants have shown increased willingness to trade in the February-March and May-July delivery. On the supply side, the tight delivery situation may ease after the operating rate adjustment this week, while the elevated spot basis prices lack further upward momentum.