本周北京方管市场价格小幅下跌。截至8月9日，北京市螺线沙龙批量成交指导价 格：Φ8-10mm高线为4700元(吨价，下同)，比上周同期下跌60元。河北钢铁集团产Φ12mm三级抗震螺纹钢为3920元，比上周同期下跌140 元；Φ25mm三级螺钢为3790元，比上周同期下跌160元。进入8月，随着美联储降息后，全球各国出现降息热潮，人民币汇率跌破7，黄金大幅上涨进入1500，而期货大幅震荡下行，钢坯价格回落，现货市场 弱势下行，跌幅加大。近期钢厂到货较多，市场资源得到补充；高温雨季的增多，加上国庆70周年，北京部分工地有停工，下游采购力度减弱，市场大户日成交量 在100-1000吨。在需求减弱的情况下，北京方管库存有小幅上升。

Prices in Beijing's Fangguan market fell slightly this week. As of August 9, the guiding price for volume trading of Beijing Spiral Salon was 4700 yuan (ton price, the same below) for the high line of 8-10mm, down 60 yuan from the same period last week. Hebei Iron and Steel Group produced 3 920 yuan of 12mm three-stage aseismic screw steel, down 140 yuan from the same period last week; 3 790 yuan of 25mm three-stage screw steel, down 160 yuan from the same period last week. In August, with the Federal Reserve's interest rate cut, interest rate cuts have taken place all over the world. The RMB exchange rate has fallen below 7, gold has risen sharply to 1500, while futures have fallen sharply, billet prices have fallen, spot market has fallen weakly, and the decline has increased. Recently, steel mills have more arrivals and market resources have been supplemented; with the increase of high temperature and rainy season and the 70th anniversary of National Day, some construction sites in Beijing have been shut down, downstream purchasing efforts have been weakened, and the daily turnover of large market households is 100-1000 tons. In the case of weakening demand, the inventory of Beijing Square Management has increased slightly. 中美贸易方面，继国内汇率“破七”之后，美国财政部正式将中国列为汇率操纵国，是25年来首次。而商务部6日凌晨发表消息称，中国相关企业暂停新 的美国农产品采购。市场情绪仍被中美贸易升级的大环境所裹挟，在利空情绪充分释放之前，市场弱势震荡格局延续，快速回落过后存在修复预期。短期来看，整体 市场仍然处于调整阶段，由于利空略有消化，个别时间段存超跌反弹的可能，但若不确定因素再度空袭，修复通道将难以持续向上打开，市场将重回反复震荡的格 局。立秋后，市场需求略有好转，预计下周北京方管市场价格将呈窄幅调整的态势。

In terms of Sino-US trade, the US Treasury Department officially listed China as an exchange rate manipulator for the first time in 25 years after the domestic exchange rate "broke seven". The Ministry of Commerce announced in the early morning of June 6 that Chinese companies have suspended new U.S. agricultural purchases. Market sentiment is still wrapped up by the environment of Sino-US trade escalation. Before the negative sentiment is fully released, the pattern of market vulnerability shocks continues, and there is a recovery expectation after the rapid decline. In the short term, the overall market is still in the adjustment stage, due to a slight digestion of the shortfall, there is a possibility of overshoot rebound in individual periods, but if uncertain factors re-air attack, the repair channel will be difficult to continue to open up, and the market will return to the pattern of repeated shocks. After autumn, the market demand has improved slightly. It is expected that the market price of Beijing Square Management will be adjusted in a narrow range next week.