As tensions ease in the Middle East, crude oil prices continue to fall, dragging palm oil futures lower. Production areas, particularly Malaysia, have seen a significant alleviation of palm oil inventory pressure. Recently, foreign sellers have maintained firm price quotations, and deep import losses persist in China. However, Dalian palm oil futures have shown sharp volatility, with occasional windows opening for near-month cargo purchases. Market attention will remain on China's purchase pace as well as high-frequency data on production area exports and output. In the near term, palm oil prices are expected to trade in a range-bound manner.