广州方管市场价格整体表现为小幅拉涨上行，方管市场成交整体与上周相比明显好转。期货方面本周期螺依然处于稳定拉涨上 行通道，原材料方面现昌黎普碳方坯含税出厂3360元/吨，本周方管走势相对偏弱一些，成交整体一般。从现货市场来看，周一受期货大幅拉涨提振影响，广州 当地现货市场成交火爆尤其低价资源锁货需求不断，市场报价也紧跟节奏二次甚至三次涨价；到周二市场整体出货量比前一天相对少一点但成交节奏依然可以称之为 火热，方管厂家报价也是主流小幅追涨10元左右。周三开始市场成交转弱，整体出货几乎减半；通过贸易商了解可能主要有另方面原因，一方面是临近节假日下游备货 需求基本释放完毕，另一方面期货方管偏弱震荡，投机需求也会有所减弱。截至到今日，早盘广州市场一次报价主流偏弱运行，午后随着期货的直线快速拉升再次激 发出市场的热度，询价成交开始有所好转，方管现货价格也止跌回稳。

Guangzhou square tube market prices as a whole showed a slight upward pull, square tube market transactions as a whole compared with last week improved significantly. Futures this week snail is still in a stable upward channel, raw materials are now Changli Pu carbon billet factory tax 3360 yuan/ton, this week the trend of the square tube is relatively weak, the overall turnover is general. From the spot market point of view, due to the impact of the sharp rise in futures on Monday, the local spot market in Guangzhou is booming, especially the demand for low-cost resources to lock goods is constantly booming, and the market quotation is closely following the rhythm of two or even three price rises. By Tuesday, the overall volume of shipments in the market is relatively less than the previous day, but the rhythm of trading can still be called hot. Business quotation is also the mainstream small surge of about 10 yuan. Traders know that there may be another main reason. On the one hand, the demand for backup goods in the lower reaches of the nearest holidays has basically been released. On the other hand, the demand for speculation will also be weakened due to the weakening of the volatility of the futures market. Up to today, the mainstream of a quotation in early morning Guangzhou market is weak. In the afternoon, with the rapid rise of futures line, the market heat is again aroused. Inquiry transactions begin to improve and spot prices stop falling and stabilize. 本周广州库存有所增加，需求有所转好但北方到货继续增加让总体库存有所增加，螺纹库存去年相对偏少。据9月11日统计数据显示，现广州 方管市场库存总量88.13万吨，环比上周2.29%。消息面上，本周发布8月份CPI和PPI数据以及汽车销量，从数据来看经济、市场并没有转好； 今日又传出特朗普推迟加征关税，整体而言现阶段多空争夺战已处于白热化阶段，今日午后的期货盘面快速拉升进一步刺激市场心态的转好，甚至不乏看好后市捂货 不出的操作。从市面上了解到，本周当地方管出货情况整体与上周相比有所好转，需求有望进一步回升促使当地供需关系的改善。综上所述，预计下周广州当地方管市场或主流偏强拉涨运行。

Inventory in Guangzhou increased this week, demand improved, but the continued increase in North arrivals led to an increase in overall inventory, and screw stocks were relatively low last year. According to the statistics of September 11, the total inventory of Guangzhou Square Management Market is 8813,000 tons, 2.29% compared with last week. On the news side, this week released August CPI and PPI data as well as automobile sales, from which we can see that the economy and the market have not improved. Today, Trump postponed the imposition of tariffs. On the whole, the multi-space battle at this stage is in a white-hot stage. The rapid rise of futures market in the afternoon further stimulates the market mentality. Well, there are even some operations that can't be done in the future. From the market, we know that the overall situation of local managed shipments has improved this week compared with last week, and demand is expected to further rebound to promote the improvement of local supply and demand relations. To sum up, it is expected that the local management market or the mainstream in Guangzhou will be on the strong upward trend next week.