本周方管价格震荡。本周周初，随着周末期间钢坯、期螺的影响，北方代表城市唐山工角槽方管厂家指导价格小幅上调10-40 元，H型钢基本偏稳部分上调，各地商家积极跟涨，但涨后成交仍然偏差，需求疲弱。周中期市场价格有一定回落，小幅下调10-20元，随着价格的下调需求也 有一定跟进，但终端也是按需购货，市场资源受唐山限产影响较稀缺。周后期市场资金压力仍然存在，加之目前高温多雨，商家压力颇大，市场价格也受资源紧缺， 期螺的高开后有小幅回落，成本端也小幅上涨，导致市场部分上调10元左右，但市场观望心态仍重。

Price shocks are under control this week. At the beginning of this week, with the influence of billets and snails during the weekend, the guided price of Tangshan Gongjiao groove square pipe manufacturer, a representative city in the north, increased slightly by 10-40 yuan, the H-section steel basically increased steadily, and businessmen all over the country actively followed the increase, but after the increase, the turnover was still biased and demand was weak. In the mid-week, the market price has fallen to a certain extent, with a slight reduction of 10-20 yuan. Demand has followed up with the price reduction, but the terminal is also on-demand purchasing. Market resources are scarce affected by Tangshan's production restriction. In the latter part of the week, the market capital pressure still exists. In addition to the current high temperature and rainy weather, the pressure of businessmen is quite great, and the market price is also short of resources. After the opening of snails, there is a slight decline, and the cost side also rises slightly, leading to a partial increase of about 10 yuan in the market, but the market wait-and-see mentality is still heavy. 据市场监测显示，截至7月26日，国内市场25#工字钢平均价格为4256元(吨价，下同)，较上周同期价格涨6元；25#槽钢 平均价格为4313元，较上周同期价格涨4元；5#角钢均价为4252元，较上周同期价格涨8元；200×200H型钢平均价格为3997元，较上周同期 价格稳。

According to market monitoring, as of July 26, the average price of 25 # I-beam steel in domestic market was 4256 yuan (ton price, the same below), 6 yuan higher than the same period last week; the average price of 25 # channel steel was 4313 yuan, 4 yuan higher than the same period last week; the average price of 5 # angle steel was 4252 yuan, 8 yuan higher than the same period last week; and the average price of 200 # 200H section steel was 3997 yuan. The price is stable compared with the same period last week.

生产情况：截止7月25日统计唐山29家型方管厂家50条生产线，停产或检修45条，开工率约为10%，为响应唐山政府要求，明日方管轧方管厂家全部停产。

Production situation: As of July 25, statistics show that there are 50 production lines in 29 square pipe factories in Tangshan, 45 of which have been shut down or overhauled, and the starting rate is about 10%. In response to the request of Tangshan government, all square pipe rolling factories will be shut down tomorrow.

库存情况：截止7月25日统计唐山24家方管厂成品材库存约25.8万吨，上周(7月18日)减少6.4万吨，下降19.9%。

Inventory situation: As of July 25, the inventory of finished products in 24 square pipe factories in Tangshan was about 258,000 tons. Last week (July 18), it decreased by 64,000 tons, or 19.9%.

下周来看，方管厂家方面仍然处于限产阶段，预计开工时间将到8月初，各方管厂家产量持续下滑，库存持续下降，各地市场资源也较为紧缺，供需仍然偏弱，部分 商家为回笼资金也有部分规格优惠出货，钢坯本周累涨30元，现普碳方坯含税出厂价格为3650元，成本有一定上扬，期螺高开后有小幅回落，但市场悲观心态 仍未缓和，涨后需求仍然不济，资金压力较大，预计下周国内方管市场价格震荡偏弱运行。

Next week, square pipe manufacturers are still in the stage of production restriction. It is expected that the start-up time will reach the beginning of August. The output of all parties'pipe manufacturers will continue to decline, stocks will continue to decline, market resources are relatively scarce, supply and demand are still weak, and some businesses also have some specifications of concessional shipments for reclaiming funds. Billets are up by 30 yuan this week. Carbon billet ex-factory price with tax is 3650 yuan, the cost has risen to a certain extent, there is a slight decline after the start of the period snail, but the market pessimism has not eased, the demand is still not good after the rise, capital pressure is high, it is expected that the domestic square tube market price fluctuation will be weak next week.