Driven by declines in external soybean oil and crude oil prices, BMD crude palm oil futures trended weaker, while domestic Dalian palm oil futures also retreated from higher levels. In the short term, although the advancement of Malaysia's B15 biodiesel policy and Indonesia's B50 program implementation provide support for future demand prospects, prices are expected to decline further to seek support at lower levels. The market is largely awaiting guidance from the MPOB report. Palm oil importers have shown strong interest in securing shipments recently, and future arrivals of palm oil are expected to gradually increase. In the short term, constrained by weak fundamentals both domestically and internationally, spot palm oil basis quotes are expected to remain under sustained pressure.