本周北京方管价格窄幅调整，成交情况一般。本周北京方管价格反复震荡，窄幅调整，贸易商心态尚且平稳。周初在期货价格暴涨的带动下，贸易商试探性小涨10元，成交情况尚可。临近周末，随 着期货价格涨后回归，期货市场震荡剧烈，下游采购积极性较差，本地方管商家下调价格。据悉，本周市场价格3950元成交情况尚可，3960元成交出现一 定阻碍，市场大户出货在100-200吨水平。敬业本周锁价3920元，较上周同期降20元，天钢资源3950元，较上周持平，两家钢厂本周到货资源不 多，补库压力不大。据兰格钢铁网统计，截至发稿，本周北京方管库存0.73万吨，周环比降2.67%，方管厂家以出货为主，拿货方面而言终端基本处于观 望，方管厂家拿货要多余终端，下周临近结算，贸易商为回笼资金继续下调价格的可能性很大，不过仍需关注中美贸易商事件进程以及政策面的突发利好对于方管现 货形成的支撑。

This week Beijing square tube price narrow adjustment, trading situation is general. This week, Beijing's square tube prices have been volatile, narrow adjustment, and TRADERS'mentality has remained stable. Driven by soaring futures prices at the beginning of the week, traders tentatively rose by 10 yuan, and trading conditions were still acceptable. Near the weekend, with the return of futures prices after rising, the futures market shocks sharply, downstream procurement enthusiasm is poor, local managers cut prices. It is reported that this week's market price of 3950 yuan is still acceptable, 3960 yuan transaction has some obstacles, the market large-scale shipments in the 100-200 tons level. This week's lock price is 3920 yuan, 20 yuan lower than the same period last week. Tiangang's resources are 3950 yuan, which is the same as last week's. The two steelmakers do not have much resources to deliver this week and have little pressure to replenish their warehouses. According to the statistics of Langer Iron and Steel Network, as of this week, the inventory of Beijing's square management was 0.73 million tons, with a 2.67% drop in circumferential ratio. Traders mainly take delivery of goods, and terminals are basically on the lookout. Traders need redundant terminals to take delivery of goods. Next week, they are close to settlement. Traders are likely to continue to lower prices for withdrawal funds. However, we still need to pay attention to the process of Sino-US TRADERS'incidents and policy aspects. The unexpected benefits support the formation of spot management.

价格方面，北京方管:14-25mm敬业方管3960元(吨价，下同)，天 钢3960元，14-25mm锰板4150元，较上周同期降10元，较上月降40元。目前市场敬业和天钢资源价格持平，两家钢厂规格基本齐全。

Price, Beijing square pipe: 14-25mm dedicated square pipe 3960 yuan (ton price, the same below), Tiangang 3960 yuan, 14-25mm manganese plate 4150 yuan, 10 yuan lower than the same period last week, 40 yuan lower than last month. At present, the market dedication and Tiangang resource prices are equal, and the specifications of the two steelmakers are basically complete.