Influenced by a significant decline in international crude oil prices, soybean oil also weakened, but the decline was relatively limited, with the market operating near the bottom range. Domestic soybean crushing volumes have steadily rebounded, soybean oil inventories continue to accumulate, and supply-side pressure is gradually increasing. However, current prices have fallen to low levels, and a phased export window is expected to open, which will provide some support to spot prices. That said, the market is currently in a traditional demand off-season, with trading volumes remaining modest yesterday. In the short term, domestic soybean oil supply is expected to be relatively loose, and spot basis quotes are likely to remain stable.