Affected by expectations of a higher MPOB report, palm oil fell notably in the night session. In the spot market, near-month board margins are still acceptable. This week, several new purchases and short-position resales were added, while the severe deep inversion of the soybean oil-palm oil price spread strongly suppressed downstream purchasing willingness. The spot trading atmosphere is moderate, and basis remains under pressure in the short term. In the later period, key focus should be placed on guidance from the release of the MPOB report, the pace of progress in the B50 policy, and whether Malaysian export data can show improvement.