On the external front, market rumors that China has purchased U.S. soybeans, combined with drought concerns in major U.S. soybean production areas, have driven up U.S. soybean futures, providing strong import cost support for domestic soybean oil and leading the domestic oil market to follow suit. On the supply-demand front, the domestic market remains relatively loose overall, with soybean oil inventories continuing to accumulate. Downstream buyers are maintaining only just-in-time purchases, with no significant increase in spot transactions. The market is mainly trading far-month positions, and overall trading activity is moderate. On the whole, external cost-driven factors support a firmer price tone, but high inventories are capping upside potential. In the short term, the market is expected to show a range-bound firmer trend, while spot basis quotes are likely to remain stable with mild fluctuations.