国内方管弱势下跌，今日唐山小窄带价格开盘较昨持稳，主流报3700元/吨，周末钢坯价格累降40，小窄带并未跟跌，厂家多挺价出货，今日 期货开盘跳水，加之成本端本就下调，下游用户多观望为主，小窄带厂家为求出货，纷纷盘中下调20，降后出现好转，但整体依然以弱为主；唐山355方管主流 较昨降20，中宽带较昨降30，现货市场报价较上周五降50左右，周末中美贸易战再次升级，加上成品材及原料市场表现弱势，因此今日期货开盘直接跳水，严重打压市场信息，下游情绪萎靡不振，拿货意愿不强。目前贸易商多随行就市，以出货为主，但下游并不买账，整体市场成交不尽人意，下游多看空情绪，加之月底 方管结算，贸易商资金压力较大，因此市场出货并不顺畅。华东华南地区今日方管价格多弱势下行为主，今日华北地区主导钢厂都下调20-30，且宏观大环境利 空市场，下游需求并未得到更好地释放，周末钢坯下行且今日成交表现不佳，底部支撑力度较弱，贸易商心态面多悲观，下游拿货意愿普遍不高，市场交投氛围整体 疲软，存在为促成交暗降出货操作。目前虽部分资源有到货，但依旧处于供需弱平衡状态。因此预计明日国内方管价格或将弱势运行为主。

Domestic management weakness declined, today Tangshan small narrow band price opening was more stable than yesterday, the mainstream reported 3700 yuan/ton, weekend billet prices fell by 40, small narrow band did not follow the decline, manufacturers bid more, today's futures opening dived, coupled with lower cost, downstream users wait and see more, small narrow band manufacturers for delivery, one after another. The main stream of Tangshan 355 party managers fell 20% from yesterday, broadband dropped 30% from yesterday, spot market quotations fell 50% from last Friday, the weekend Sino-US trade war escalated again, and the performance of finished materials and raw materials market was weak, so futures market today started to dive directly. The market information is suppressed, the downstream mood is depressed, and the willingness to take goods is not strong. At present, traders mostly follow the market, mainly to ship, but downstream does not buy, the overall market turnover is unsatisfactory, downstream bullish mood, coupled with the end of the month to manage settlement, traders have greater financial pressure, so market shipment is not smooth. The price of square steel in East and South China is mostly weaker today. The leading steelmakers in North China are all down 20-30 today, and the macro environment is bad. The downstream demand has not been better released. The billet is down on weekends and trading performance is not good today. The bottom support is weak. Traders are pessimistic and downstream take. Generally, the willingness to deliver goods is not high, and the overall market trading atmosphere is weak. There is an operation of secretly lowering delivery to facilitate delivery. At present, although some resources have arrived, they are still in a weak balance between supply and demand. Therefore, it is expected that the domestic government will mainly control the price or weaken the operation tomorrow. 方管价格方面 ：唐山热轧方管(2.5*355mm)唐山瑞丰3700较昨降20；天津热轧方管 4.0*(480-570)天津荣钢送到大邱庄价3765较上周五降40；无锡热轧方管（2.5*355mm）中天3860较上周五跌10，莱芜热轧方管 2.5*（232-355）莱钢3760较上周五降30，唐山热轧小窄带报3680较昨降20。

On square pipe price: Tangshan hot-rolled square pipe (2.5*355mm) Tangshan Ruifeng 3700 was 20% lower than yesterday; Tianjin hot-rolled square pipe 4.0* (480-570) Tianjin Ronggang delivered to Daqiu Zhuang 3765 was 40% lower than last Friday; Wuxi hot-rolled square pipe (2.5*355mm) Zhongtian 3860 was 10% lower than last Friday; Laiwu hot-rolled square pipe 2.5* (232-355) Laiwu hot-rolled square pipe 3760 was 30% lower than last Friday, Tang The hot rolled small narrow strip is reported at 3680, which is 20% lower than that of yesterday.