本周天津方管市場表現(xiàn)欠佳。周初受期貨下行影響，個別鋼廠資源下調(diào)20元左右，其他資源暫穩(wěn)，整體來看市場以觀望為主，價格變化相對不大。出貨方 面，由于需求尚未恢復(fù)，下游詢價氛圍清淡，成交偏低。據(jù)了解，多數(shù)方管廠家出貨普遍在100-200噸，個別成交達(dá)300噸左右。雖成交不佳，但本地現(xiàn)貨市場 情緒較為平穩(wěn)。周中期，唐山出臺限產(chǎn)政策，且限產(chǎn)力度低于7月，不過，在美降息等利好的支持下鋼坯回升，期貨回暖，價格繼續(xù)持穩(wěn)。周后期，期貨再次弱勢運 行，雖市場報價沒有明顯下調(diào)，但方管廠家出貨存在優(yōu)惠操作，價格亦沒有前兩日堅挺。另外，昨日午后唐山鋼坯下跌30元，使得市場心態(tài)動搖。因此今日方管廠家在以去 庫存為主的前提下，方管價格下調(diào)10-30元，目前主流規(guī)格主流報價在3830-3840元左右，中鐵、唐鋼等資源略低于包承等資源。且在價格下行的刺激 下，今日終端采購意愿更低，成交更為寥寥。庫存方面，近期本地市場新資源到貨不多，據(jù)蘭格網(wǎng)統(tǒng)計，本周天津方管庫存在9.8萬噸左右，繼續(xù)呈下量趨勢，但 下降幅度較小。短期來看，鑒于市場對8月市場期待仍存，但利好亦時有釋放，因此市場利空交織，走勢難預(yù)測，下周天津方管市場價格或震蕩運行。

This week, Tianjin's Fangguan market did not perform well. Influenced by the downward trend of futures in early Zhou Dynasty, the resources of individual steel mills were reduced by about 20 yuan, while other resources were temporarily stable. On the whole, the market was mainly wait-and-see, and the price changes were relatively small. On the delivery side, as the demand has not yet recovered, the downstream inquiry atmosphere is light and the turnover is low. It is understood that the majority of square pipe manufacturers generally ship 100-200 tons, with individual turnover of about 300 tons. Despite poor turnover, sentiment in the local spot market is relatively stable. In mid-week, Tangshan introduced a policy of production restriction, and the capacity of production restriction was lower than July. However, with the support of interest rate cuts in the United States, billet rebounded, futures picked up and prices remained stable. At the end of the week, futures are running weakly again. Although the market quotation has not been significantly reduced, there are preferential operations in the delivery of goods by the manufacturers, and the prices have not been firm in the previous two days. In addition, Tangshan billet fell 30 yuan in the afternoon yesterday, which made the market mood shake. Therefore, on the premise of de-stocking, the price of Square Pipe has been reduced by 10-30 yuan. At present, the mainstream price of Square Pipe is about 3830-3840 yuan, while the resources of China Railway and Tangshan Iron and Steel are slightly lower than those of contracting. Stimulated by the downward price, terminal purchasing willingness is lower and transaction is scarce today. In terms of inventory, there are not many new resources arriving in the local market recently. According to the statistics of Lange Net, Tianjin Square Management Inventory is about 98,000 tons this week, which continues to show a downward trend, but the decline is small. In the short term, in view of the market expectations for August are still there, but the good news is also released from time to time, so the market is intertwined with bad news, and the trend is difficult to predict. Tianjin will regulate the market price or shock operation next week. 方管價格方面，截至8月2日，天津市5.5mm×1500mm*C包鋼市場價格在3820元(噸價，下同)，唐鋼市場價格在3800元，中鐵市場價格在3800元。較上周同期跌30-50元。

As for square pipe price, as of August 2, Tianjin Baotou Steel's market price of 5.5mm * 1500mm * C is 3820 yuan (ton price, the same below), Tangshan Steel's market price is 3800 yuan, and China Railway's market price is 3800 yuan. It is 30-50 yuan lower than the same period last week.