Mainly boosted by the MPOB October report data exceeding expectations. Ending stocks of 3.621 million tonnes were below the market expectation of 3.75 million tonnes, and exports of 1.7087 million tonnes were significantly higher than the expected 1.6 million tonnes, indicating marginal improvement in the supply-demand structure. Yesterday, the spot basis maintained a discount structure, with the basis under pressure due to high inventories. Yesterday, nationwide spot palm oil transactions amounted to only 168 tonnes, extremely sluggish, with downstream purchasing willingness very weak. Fundamentally, domestic commercial palm oil inventories are at historically high levels for the same period, but the MPOB report eased concerns about loose supply in producing areas. In the short term, palm oil is expected to maintain a weak, range-bound, slightly stronger pattern. Attention should be paid to the realization of production cuts in producing areas and the progress of domestic destocking.