萊蕪方管價(jià)格窄幅調(diào)整，市場(chǎng)方面，今期貨持綠震蕩，方管廠家心態(tài)偏弱，多讓利出貨為主。目前下游需求釋放緩慢，本地庫存有被動(dòng)增加的趨勢(shì)，然降后市場(chǎng)信心愈發(fā)不足。由于華北 行情不明朗，雖有環(huán)保加持但下游拿貨顯謹(jǐn)慎。宏觀方面，北京時(shí)間8月1日凌晨2點(diǎn)，美聯(lián)儲(chǔ)宣布降息25個(gè)基點(diǎn)，這是2008年金融危機(jī)以來美聯(lián)儲(chǔ)的首次降 息行動(dòng)。此次降息幅度小于總統(tǒng)特朗普此前公開呼吁的50個(gè)基點(diǎn)。美聯(lián)儲(chǔ)聲明稱此次降息原因包括企業(yè)投資“疲軟”、通脹壓力“持續(xù)較低”。經(jīng)濟(jì)動(dòng)態(tài)不穩(wěn)，市 場(chǎng)觀望氛圍濃。綜合來看，預(yù)計(jì)短期內(nèi)市場(chǎng)或窄幅震蕩。

Laiwu Fangguan price narrow adjustment, the market, today's futures remain green shock, Fangguan manufacturers weak mentality, more profit-based delivery. At present, downstream demand releases slowly and local inventories increase passively. However, market confidence becomes more and more insufficient after the decline. Because the market in North China is not clear, although there is environmental protection support, but downstream pick-up is cautious. Macroscopically, at 2 a.m. Beijing time on August 1, the Federal Reserve announced a 25 basis point interest rate cut, the first rate cut by the Federal Reserve since the 2008 financial crisis. The rate cut was less than 50 basis points that President Trump had previously publicly called for. The Federal Reserve said in a statement that the interest rate cuts were due to "weak" corporate investment and "continued low inflation pressures". The economic dynamic is unstable and the market is full of wait-and-see atmosphere. Overall, we expect short-term market or narrow-range shocks. 方管價(jià)格方面：熱軋方管2.5*（232-355）萊鋼3890（噸價(jià)，下同），3.0*700泰鋼3830，較上個(gè)交易日窄幅下跌10元/噸。

As for square pipe price, hot-rolled square pipe 2.5* (232-355) Laiwu Steel 3890 (ton price, the same below), 3.0*700 Taiyuan Steel 3830, a narrow decline of 10 yuan/ton compared with the previous trading day.