The night session led the oils complex lower. Malaysia's October palm oil export data from the producing region came in below expectations, and combined with domestic palm oil commercial inventories continuing to climb above 1.16 million tonnes, the loose supply-demand pattern has further intensified. Although forward-month buying margins have stimulated new purchases, the near-month reality remains weak, and high inventory pressure has forced funds into concentrated selling. In the short term, palm oil is breaking down; watch the integer support level at Yuan 9,200/tonne below, and closely monitor Malaysia's final October inventory data and crude oil movements.