本周北京方管市场价格窄幅震荡。截至12日，北京市螺线沙龙批量成交指导价 格：Φ8-10mm高线为4510元(吨价，下同)，比上周同期降50元。河北钢铁集团产Φ12mm三级抗震螺纹钢为3780元，比上周同期降60 元；Φ25mm三级螺钢为3710元，比上周同期降10元。本周市场资金紧张情况再次发生变化，可以理解为方管厂家资金相对宽松，钢厂则由于方管厂家订货热情不高，交款不多而出现资金紧张，主动降价出货回笼资 金的情况；环保消息本周暂时归于平静，期货市场震荡调整，涨跌均无方向，钢坯价格窄幅调整。北京方管市场价格整体小幅下挫，商家心态依旧谨慎，钢厂更是短 期大幅杀价，意图加大出货。市场大户日成交量在500-2000吨。近期钢厂螺纹到货依然不多，盘螺量稍高，整体北京方管库存仍然处于去库状态。

This week, Beijing Fangguan's market prices fluctuated narrowly. As of December 12, Beijing Spiral Salon bulk trading guidance price: 8-10mm high line is 451 yuan (ton price, the same below), 50 yuan lower than the same period last week. Hebei Iron and Steel Group produces 3 780 yuan of 12mm three-stage anti-seismic threaded steel, 60 yuan lower than the same period last week, and 3 710 yuan of 25mm three-stage anti-seismic screw steel, 10 yuan lower than the same period last week. This week, the market capital tension has changed again, which can be understood as the relatively loose funds of traders, steel mills due to the low enthusiasm of traders for orders and the small amount of payment, the situation of capital tension, the initiative to reduce prices and return funds; environmental news this week temporarily calmed down, the futures market shocks and adjustments, no rise or fall. Direction, slab price narrow adjustment. Beijing Fangguan market prices overall slightly declined, business mindset remains cautious, steel mills are short-term price reduction, intending to increase shipments. The daily turnover of large market households is 500-2000 tons. Recent steel mill thread arrival is still not much, screw volume is slightly higher, the overall inventory of Beijing square pipe is still in the depot state. 宏观方面，周五晚间央行宣布降准，释放9000亿资金，受此影响周一螺纹钢等一众商品大涨，足见国家稳增长措施在很大或程度上扭转了市场极度看空 的心态；统计局最新公布的8月cpi和ppi依然表明制造业还是相当不理想，由此短期经济发展依然得依靠基建投资刺激拉动；

Macroscopically, on Friday night, the central bank announced a reduction of its benchmark and released 900 billion yuan of funds, which affected the surge of commodities such as rebar on Monday, suggesting that the steady growth measures of the country have largely or partly reversed the market's extreme short-sightedness. The latest August CPI and PPI released by the Bureau of Statistics still show that manufacturing is still quite unsatisfactory, which means that the manufacturing industry is still quite unsatisfactory. Short-term economic development still needs to be stimulated by investment in infrastructure.

目前来看，整体市场处在震荡偏弱的态势，在短期利好出尽的情况下，北京市场缺乏一定的支撑，且由于市场多传15日之后工地正式停工，故预计节后北京方管市场价格将偏弱运行的态势。

At present, the overall market is in a weak volatility situation. In the case of short-term good outcomes, the Beijing market lacks certain support, and due to the market spread 15 days after the construction site officially shut down, it is expected that after the festival, the market price of Beijing Fangguan will be weaker.