During the Friday's night session, palm oil led the gains in the vegetable oil sector, with its main contract also rising alongside declining open interest. The market was primarily buoyed by the strong performance of international crude oil and Chicago soybean oil, with the advance mainly driven by short-covering. However, the production growth cycle in producing regions remains intact, and near-term supply pressure is an objective reality. The market shows a clear divergence between near-term weakness and longer-term strength, and this rebound does not signal a reversal in supply-demand fundamentals. Until the destocking trend in producing regions reverses, the structural pattern of range-bound fluctuations at lower levels will be difficult to fundamentally change.