Palm oil futures on the Dalian Commodity Exchange closed higher in night trading, retaking the Yuan 10,000/tonne mark. The market reported one new near-month cargo purchase and one cargo washout yesterday. CNF import margins for SeptemberOctober palm oil remain in positive territory, with attention turning to future buying activity and changes in import parity. Domestic inventories continue to build, and spot basis levels across regions remain under pressure, with muted transaction activity. In the near term, palm oil is likely to remain range-bound, with key focus on developments in DSI policy and Indonesia's B50 mandate progress, while also staying alert to the risk of a sharp pullback from current highs.