方管市场价格小幅下跌。本周即将进入8月底，此时面对基本面上的众多不稳定消息，方管市场多空博弈，价格震荡下行，反观中板市场，亦不例外。今日中板市场在期货走弱的影响下，表现 差强人意，随着淡季需求的转变，叠加市场看空情绪较浓，上下游流通环节基本以积极出货的操作为主，但这并未使得成交有所好转。而方管钢企的停限产、检修 及减产理论上讲对市场存有支撑拉涨动力，然而在当前空头占优的局势下，价格上涨困难，下跌空间依存。目前天津乐从南北价差有所扩大，较上周扩大40元左 右，资源流通环节相对尚可，不过，据市场了解，虽部分资源运输到南方仍有利润，但市场需求低迷，对成交略有阻碍。今日午后部分城市甚至有二次下调操作，且月底结算临近，加上近期中板库存虽下降，但相对仍居高位，故短期内市场心态仍显悲观，价格下行风险仍存。后市若需求加快恢复，秋冬限产力度加大，成本端继 续高位上行支撑，同时有重大消息刺激，或有小概率反弹可能。

The market price has fallen slightly. This week is approaching the end of August, when faced with a lot of unstable news on the fundamentals, the party manages the market multi-empty game, price fluctuations downward, and the mid-plate market is no exception. Today, under the influence of weakening futures, the performance of the mid-plate market is unsatisfactory. With the change of off-season demand, the overlapping market bearish sentiment is strong. The upstream and downstream circulation links are basically dominated by active shipment, but this has not made the turnover better. However, in the current situation of short-term dominance, price rise is difficult and the space for decline is dependent. At present, the price gap between the north and the south of Tianjin Le has been widened, about 40 yuan more than last week, and the link of resource circulation is relatively acceptable. However, according to market understanding, although some resources are still profitable to be transported to the south, the market demand is sluggish, which hinders the transaction slightly. Today afternoon, some cities even have two downward operations, and the end of the month settlement is approaching, coupled with the recent decline in mid-plate inventory, but still relatively high, so the short-term market mentality is still pessimistic, price downward risk still exists. If the demand of the future market recovers faster, the production limit in autumn and winter will increase, and the cost side will continue to support high-level upstream. Meanwhile, there will be significant news stimulus, or there may be a small probability of rebound. 方管价格方面，截至8月26日，国内重点城市16-25mm普板主流价格保持在3811元(吨价，下同)，均价较上个交易日下跌23元，较上周同期跌46元，较上月同期跌149元。

As for square price, as of August 26, the mainstream price of 16-25mm board in key cities in China remained at 3811 yuan (ton price, the same below). The average price was 23 yuan lower than the previous trading day, 46 yuan lower than the same period last week and 149 yuan lower than the same period last month.