Palm oil edged up slightly in night trading. In the spot market, domestic basis levels remained generally stable across most regions, with overall volatile trading and moderate transaction volumes. Market participants largely adopted a wait-and-see approach. Positive profit margins for ship purchases persist, so attention should be paid to future developments. Indonesia's B50 mandate, Malaysia's plan to raise the blending ratio, and El Nio-related production reduction expectations continue to provide underlying support for forward-month prices. In the short term, the pattern of near-term weakness and longer-term strength is expected to persist, with the market likely to maintain a volatile and weak bias.