盘面区间波动，现货市场观望情绪延续

Report Summary 1) Report Industry Investment Rating - Unavailable 2) Core View of the Report - The asphalt market is experiencing a situation where the futures market shows range - bound fluctuations, and the spot market continues to be in a state of wait - and - see. The current supply - demand situation of asphalt remains weak on both sides. With unclear oil price trends and limited market drivers, the futures market is likely to continue its range - bound operation [1][2]. 3) Summary by Relevant Catalogs Market Analysis - On August 28, the closing price of the main asphalt futures contract BU2510 in the afternoon session was 3,517 yuan/ton, up 32 yuan/ton or 0.92% from the previous day's settlement price. The open interest was 138,975 lots, up 2,727 lots from the previous day, and the trading volume was 172,555 lots, up 4,566 lots [2]. - The spot settlement prices of heavy - traffic asphalt from Zhuochuang Information were as follows: Northeast: 3,806 - 4,086 yuan/ton; Shandong: 3,450 - 3,800 yuan/ton; South China: 3,490 - 3,510 yuan/ton; East China: 3,560 - 3,750 yuan/ton. The price in the Shandong market dropped yesterday, while the asphalt spot prices in other regions remained generally stable. The wait - and - see sentiment in the asphalt spot market was still strong due to weak demand, and the overall trading atmosphere was average [2]. - Currently, the supply - demand pattern of asphalt remains weak on both sides. Although the growth of the supply side is limited, the rigid demand shows little improvement, and the speculative demand is also weak. This week, the inventories at refineries and social terminals decreased, and the overall pressure was limited [2]. Strategy - Unilateral: The market is expected to move in a range. There are no strategies for inter - delivery spread, cross - variety, spot - futures, or options [3]