杭州方管市场价格小幅上涨，上周末，受周五降准利好影响，现货价格小幅上涨20，周一，期螺大幅上涨，现货价格也随之上涨，市场成交放量，大代理成交在2000吨左右，周 二，随着期螺不再“神奇”，方管现货价格基本稳定，并且由于周一成交较好，压缩了周二的成交空间，成交相较周一减少4-5成，周三成交有所回升，和周一相比稍 逊，沙钢出台钢厂调价政策，螺纹上调100元/吨，市场方管厂家大都表示成本增加，后期出货压力偏大，周四随着下午期螺拉涨，价格全天涨20左右。

Hangzhou Fangguan market prices rose slightly last weekend, affected by the good effect of Friday's reduction, spot prices rose 20 slightly. On Monday, futures snails rose sharply, spot prices also rose, market turnover, large agent turnover in 2000 tons or so, Tuesday, with futures snails no longer "magical", spot prices were basically stable, and Moreover, due to the better trading on Monday, the trading space on Tuesday was reduced by 4-50% compared with Monday, and the trading volume on Wednesday rebounded slightly lower than Monday. Shagang introduced a price adjustment policy for steel mills and raised the thread by 100 yuan/ton. Most square pipe manufacturers in the market said that the cost was increased, and the pressure of late shipment was on the high side. Thursday, with the afternoon period, Shagang introduced a price adjustment policy for steel mills and raised the thread by 100 yuan/ton. Screw up, the price rises around 20 a day. 消息面，9月6日，中国人民银行发布消息，决定于2019年9月16日下调金融机构存款准备金率0.5个百分点。此次降准释放长期资金约9000 亿元。周后期，中美贸易有利好释放，特朗普节前最后一天发布利好，宣布将推迟加征中国商品关税，将加征2500亿美元高品关税的决定推迟到10月15日。 原先这批商品的关税将从10月1日开始由25%提升至30%。再次提振钢市信心。

On September 6, the People's Bank of China announced that it had decided to reduce the reserve requirement ratio of financial institutions by 0.5 percentage points on September 16, 2019. The reduction releases about 900 billion yuan of long-term funds. Later in the week, Sino-US trade was released favourably. On the last day before Trump Festival, it announced that it would postpone the imposition of tariffs on Chinese goods and postpone the decision to impose tariffs of $250 billion on high-quality goods until October 15. The original tariff on these goods will be raised from 25% to 30% from October 1. Once again boost the confidence of the steel market.

原材料方面：截至发稿，12日午后唐山、昌黎方坯资源稳，现普碳方坯含税出厂3370

Raw materials: Up to the date of publication, Tangshan and Changli billet resources were stable in the afternoon of 12th. Now the carbon billet with tax is out of factory 3370.

总体来看，本周虽受利好带动，价格小幅上涨，但走向还不明朗，需关注节后产量变化和中美贸易走势，库存压力仍存。预计下周杭州方管市场价格或以稳为主。

Generally speaking, although this week was driven by the good, prices rose slightly, but the trend is still unclear, we need to pay attention to the changes in output after the festival and the trend of Sino-US trade, inventory pressure still exists. It is expected that the market price will be stable in Hangzhou next week.

方管价格方面，截至9月12日，杭州方管批量成交指导价格：沙钢 Φ8-10mm高线为4080元,比上周同期涨10元，中天Φ12mm三级螺纹钢为3900元，比上周同期涨20元；中天Φ25mm三级螺钢为3740 元，比上涨同期涨20元。永钢Φ8-10mm三级盘螺为4080元，比上涨同期涨10元。

As for square pipe price, as of September 12, the guiding price of Hangzhou square pipe volume transaction: Shagang 8-10mm high line is 4080 yuan, 10 yuan higher than the same period last week, Zhongtian 12mm third-grade thread steel is 3900 yuan, 20 yuan higher than the same period last week; Zhongtian 25mm third-grade thread steel is 3740 yuan, 20 yuan higher than the same period last week. Yonggang 8-10mm three-stage snail is 4080 yuan, 10 yuan higher than the same period.