Indonesia's president announced the early implementation of the B50 program this year, and with crude oil prices continuing to surge and Malaysia's palm oil fundamentals remaining strong, multiple bullish factors jointly pushed the May contract of Dalian palm oil futures to a new high of 10,082 yuan/ton. The market, both domestic and international, is largely in a wait-and-see mode with light trading activity, putting pressure on basis prices. Traders may focus on spot sales in the near term, and palm oil prices are expected to remain firm in the short run.