Last week, domestic 24-degree palm oil spot prices fell with the futures market, with basis deeply inverted across regions and limited weekly fluctuation. August output in producing areas rose while exports fell, inventories climbed, and supply pressure emerged; domestic vessel purchases increased, subsequent arrival pressure continued, and commercial inventories kept accumulating. The deep soybean oil-palm oil inversion suppressed purchasing and trade switching, leaving market liquidity weak. Futures face strong resistance to rebound and are likely to remain in weak consolidation, with high inventories and arrival pressure dragging spot prices and basis under pressure. Forward months carry weather premium expectations, but real supply pressure in producing areas combined with concentrated domestic arrivals in September-October mean the weak reality will suppress the market in the short term, while upside expectations remain.