International crude oil prices are trading in a wide range, while domestic palm oil led the declines among edible oils. On the spot front, basis levels in most regions remained stable, though the East China region saw a relatively rapid increase in basis offers, currently around -50. Trading activity remains subdued for now, with most market participants adopting a wait-and-see approach and vessel purchases remaining limited. Indonesia's B50 mandate, Malaysia's plans to raise blending ratios, and El Nio-related production cut expectations continue to provide underlying support for forward months. The near-term weak / long-term strong pattern is set to continue in the short term, with the futures market likely to maintain a weak and volatile trend.