本周天津方管市場(chǎng)還在小幅震蕩。由于期螺震蕩，周末市場(chǎng)成交較差，周初開市，天津方管商家小幅下行刺激出貨。周中期，期螺 和鋼坯價(jià)格反彈，鋼廠也乘機(jī)上調(diào)出廠價(jià)格拉漲市場(chǎng)，可是市場(chǎng)成交疲軟，市場(chǎng)漲價(jià)有心無(wú)力，天津方管市場(chǎng)價(jià)格只是出現(xiàn)了短暫的小幅上漲。而在周后期期螺和鋼 坯再次恢復(fù)震蕩后天津方管價(jià)格再次小幅回調(diào)。下游對(duì)高價(jià)接受程度大不如前，庫(kù)存相對(duì)較低以及鋼廠挺價(jià)暫時(shí)穩(wěn)住局面。由于需求淡季已來(lái)臨，工地采購(gòu)量明顯減少，大都按需采購(gòu)，而下游對(duì)目前的高 價(jià)接受度普遍不高，低價(jià)成交還算可以，整體市場(chǎng)成交不如前期，市場(chǎng)悲觀情緒開始蔓延。而之所以目前的價(jià)格能夠挺住，主要還是天津的庫(kù)存不高，據(jù)蘭格鋼鐵網(wǎng) 24日統(tǒng)計(jì)數(shù)據(jù)顯示，天津方管市場(chǎng)庫(kù)存總量為20.03萬(wàn)噸，比上周增加0.66萬(wàn)噸。庫(kù)存雖較上周有小幅增加，但整體市場(chǎng)庫(kù)存量并不大，天津方管商 家大部分手里資源都不多，并不急于甩貨，個(gè)別商家還存在惜售的情況，每天限量出貨。另一方面，鋼廠挺價(jià)意愿較明顯，5月21日，河鋼集團(tuán)在5月中旬價(jià)格基 礎(chǔ)上出臺(tái)5月下旬方管產(chǎn)品銷售價(jià)格政策：高線價(jià)格上調(diào)30元/噸：現(xiàn)HPB300材質(zhì)Φ8-10mm高線銷售價(jià)格為4830元/噸；三級(jí)螺紋鋼(檢 尺)基價(jià)上調(diào)30元/噸：HRB400E材質(zhì)Φ18mm、22mm螺紋銷售價(jià)格為4160元/噸；盤螺價(jià)格上調(diào)30元/噸：HRB400E抗震材質(zhì) Φ8-10mm打標(biāo)盤螺銷售價(jià)格為4360元/噸。這次結(jié)算價(jià)格大大高于目前京津地區(qū)的市場(chǎng)價(jià)格，在需求減弱、產(chǎn)量增加、中美貿(mào)易戰(zhàn)等宏觀環(huán)境不利的環(huán)境 下，鋼廠還在主動(dòng)上調(diào)結(jié)算價(jià)，可見(jiàn)鋼廠對(duì)5月底的市場(chǎng)仍充滿期待，對(duì)市場(chǎng)也真真切切的起到了挺價(jià)作用。

This week, the Tianjin Fangguan market is still shaking slightly. Due to the concussion of snails, the weekend market turnover is poor, opening early in the week, Tianjin local managers slightly downward to stimulate shipment. In the mid-week, the prices of snails and billets rebounded, and steel mills also took the opportunity to raise the ex-factory prices to boost the market. However, the market turnover was weak and the market was incapable of raising prices. The price of Tianjin square tube market rose only briefly and slightly. In the latter part of the week, after the concussion of snails and billets resumed again, the price of Tianjin square pipe was adjusted slightly again. Downstream acceptance of high prices is much worse than before, inventory is relatively low, and steel prices temporarily stabilized. As the demand off-season has come, the quantity of site purchasing has been significantly reduced, most of them are purchased on demand, while the downstream generally does not accept the current high price, low-price transactions are acceptable, the overall market turnover is not as good as the previous period, and the market pessimism began to spread. The main reason why the current price can hold up is that Tianjin's stock is not high. According to the statistics of 24 days of Langer Iron and Steel Network, the total stock of Tianjin square management market is 203,300 tons, an increase of 0.66 million tons over last week. Although stocks have increased slightly over the past week, the overall market stock is not large. Most Tianjin local managers have few resources and are not in a hurry to dump their goods. Individual merchants are still reluctant to sell and limit their daily delivery. On the other hand, the willingness of steel mill to bid is obvious. On May 21, Hegang Group promulgated the sales price policy of square tube products in late May on the basis of the price in mid-May: the high-line price increased by 30 yuan/ton: the current sales price of HPB300 material 8-10mm high-line is 4830 yuan/ton; the base price of third-grade thread steel (gauge) increased by 30 yuan/ton: HRB400E material 18mm, 22mm thread sales price is 4160 yuan/ton;;; The price of snails increased by 30 yuan/ton: HRB400E seismic material 8-10mm labeled disc snails sold at 4360 yuan/ton. The settlement price is much higher than the current market price in Beijing and Tianjin. Under the adverse macro-environment of weakening demand, increasing output and Sino-US trade war, steel mills are still actively raising the settlement price. It can be seen that steel mills are still full of expectations for the market at the end of May and play a real role in the market.

綜合來(lái)看，目前市場(chǎng)仍處于頻繁的震蕩期，尤其是期貨市場(chǎng)上躥下跳，始終沒(méi)有走出一波明顯的趨勢(shì)性行情，而現(xiàn)貨市場(chǎng)相對(duì)較冷靜，幅度并沒(méi)有期貨市場(chǎng) 那么強(qiáng)烈。目前市場(chǎng)心態(tài)已出現(xiàn)分歧，一部分資源少的商家對(duì)后市持觀望態(tài)度，期貨漲則小幅上調(diào)報(bào)價(jià)，期貨跌則小幅跟跌，而另一部分對(duì)后市持悲觀態(tài)度的商家則 期貨漲報(bào)價(jià)不漲，期貨跌則跟跌。對(duì)于下周行情，正趕上月底，會(huì)有部分商家資金需要回籠，落袋為安，而大廠協(xié)議戶也會(huì)擔(dān)心月底市場(chǎng)價(jià)格太高結(jié)算追補(bǔ)太少。因 此，預(yù)計(jì)下周天津方管市場(chǎng)將震蕩下行。

Generally speaking, the current market is still in a period of frequent shocks, especially in the futures market, jumping up and down, and has never come out of a wave of obvious trend, while the spot market is relatively calm, the range is not as strong as the futures market. At present, the market mentality has been divergent. Some businessmen with less resources hold a wait-and-see attitude towards the future market, while futures prices rise slightly, while futures prices fall slightly, while others with a pessimistic attitude towards the future market do not rise, while futures prices fall slightly. For next week's market, just in time for the end of last month, there will be some business funds need to be returned to the cage, to be safe, and large-scale agreement owners will worry about the high market prices at the end of the month, settlement and recovery too little. Therefore, it is expected that the Tianjin Square Management Market will shake down next week.

價(jià)格方面，截至5月24日午間，天津市場(chǎng)上河北鋼鐵集團(tuán)產(chǎn)HPB300Φ6.5-10mm高線價(jià)格為4680-4760 元，比上周價(jià)格漲20元；河北鋼鐵集團(tuán)產(chǎn)Φ18-25mm三級(jí)抗震螺紋鋼價(jià)格為4020-4080元，基本與上周價(jià)格持平；三級(jí)盤螺價(jià)格為4100元，比 上周價(jià)格跌20元。

In terms of price, as of noon on May 24, the price of HPB300 6.5-10mm high-speed line produced by Hebei Iron and Steel Group in Tianjin market was 4680-4760 yuan, up 20 yuan from last week's price; the price of 18-25mm three-stage aseismic threaded steel produced by Hebei Iron and Steel Group was 4020-4080 yuan, basically the same as last week's price; the price of third-stage threaded steel was 4100 yuan, down 20 yuan from last week's price.