International crude oil prices fluctuated lower, weighing on the overall vegetable oil complex. Palm oil continued to decline in night trading. On the spot side, domestic basis quotes remained largely stable across most regions, with overall range-bound trading and generally subdued transaction activity. The domestic market is mostly in a wait-and-see mode, while buying vessel profit margins still exist. Attention should be paid to future developments. Indonesia's B50 program, Malaysia's plan to raise the blending mandate, and El Nio-related production cut expectations continue to provide underlying support for forward months. The near-term weak, long-term strong pattern is expected to persist, with the market likely to maintain a weak and volatile trend.