On Friday night, palm oil was the weakest performer among the three major vegetable oils, with bearish sentiment releasing in a concentrated manner. The persistent buildup of palm oil inventories in Malaysia and disappointing export data underscored the fundamental pressure, and with the upcoming peak production season, the near-term supply glut is unlikely to change. High-frequency export data show no significant improvement so far. The boost from crude oil remains limited, and overall upward momentum is lacking, with prices expected to maintain a weak range-bound trend in the short term.