盘面维持震荡运行，市场驱动有限

Report Summary 1. Report Industry Investment Rating - The investment rating for the asphalt industry is not explicitly mentioned in the report. 2. Core Viewpoints - The asphalt market maintains a volatile trend with limited driving forces. The current situation shows a pattern of strong reality and weak expectations in the crude oil market, resulting in limited guidance on the cost side for asphalt. The overall supply - demand situation of asphalt remains weak, with low inventory levels. The market has a certain level of support but lacks upward momentum, awaiting new variables [1]. - The recommended trading strategy for asphalt is a unilateral oscillation, with no suggestions for inter - period, inter - variety, spot - futures, or options trading [2]. 3. Summary by Related Catalogs Market Analysis - On July 21, the closing price of the main asphalt futures contract BU2509 in the afternoon session was 3,657 yuan/ton, up 10 yuan/ton or 0.27% from the previous day's settlement price. The open interest was 223,360 lots, a decrease of 4,713 lots compared to the previous day, and the trading volume was 141,580 lots, a decrease of 15,006 lots [1]. - The spot settlement prices of heavy - traffic asphalt from Zhuochuang Information are as follows: Northeast region, 3,900 - 4,086 yuan/ton; Shandong region, 3,640 - 4,070 yuan/ton; South China region, 3,600 - 3,630 yuan/ton; East China region, 3,660 - 3,800 yuan/ton. The asphalt spot price in the Shandong market declined yesterday, while prices in other regions remained stable [1]. Strategy - Unilateral: Oscillation - Inter - period: None - Inter - variety: None - Spot - futures: None - Options: None [2] Figures and Data - The report includes figures related to asphalt spot prices in different regions (Shandong, East China, South China, North China, Southwest, and Northwest), asphalt futures prices (index, main contract, near - month contract), futures spreads, trading volume and open interest, domestic and regional asphalt production, domestic asphalt consumption in different sectors (road, waterproofing, coking, and ship fuel), and asphalt inventories (refinery and social) [3].