Core Viewpoints - The asphalt futures market is experiencing weak fluctuations, with the main contract dropping nearly 1% to 3254.00 yuan, reflecting a decline of 0.97% [1] - Various institutions predict a predominantly weak and fluctuating trend for asphalt in the short term [2][3] Group 1: Market Analysis - Hengyin Futures notes that the short-term trend of asphalt lacks clear directional drivers, with a reduction in cost pressure due to easing U.S. tariff policies and ongoing supply concerns from the Russia-Ukraine conflict [1] - The current market shows a balance between bullish and bearish forces, with limited guidance on price movements [1] - The demand side remains weak, with downstream enterprises showing cautious purchasing behavior, leading to limited trading activity [1] Group 2: Supply and Demand Dynamics - Jianxin Futures highlights that while the supply side is increasing due to profit and raw material support, the demand side is under pressure from weak market sentiment and uncertainty in the crude oil market [2] - The asphalt market is expected to maintain high levels due to seasonal demand, but speculative demand is limited [2] - Guotai Junan Futures indicates that while there is some construction demand in the northern regions, the overall asphalt production increase may exert downward pressure on prices [3]