本周自周一黑色系期螺突然跳水后，整體走勢趨弱幾次跳水。主要是上周的上漲，現貨的成交明顯跟不上期貨的節奏支撐不夠。消息面，脫歐還在半空中， 梅姨辭職；鐵礦石、焦炭瘋長，中美貿易戰不斷加劇。管坯近日再次走弱，臨沂管廠也出現小幅下調。市場方面，近三個月滄州方管成交量處于遞減狀態，本地方管市場交投氛圍清淡，方管市場價格價格弱穩。通過貿易商了解到，市場需求遞減，較往年同期出貨量下降很多，庫存釋放緩慢，總體情況不佳，商家對方管后市不 看好，多暗降出貨，保證利潤。庫存相對較低。由于高溫天氣及雨季即將到來，采購量明顯減少，大都按需采購，而下游基本以各廠資源比價買貨，綜上所述，預計 下周滄州方管市價震蕩偏弱依然趨弱。原料面，截至5月31日，唐山昌黎部分普碳方坯含稅出廠3560元(噸價，下同)較上周同期跌30元。

This week, the overall trend has weakened several times since Monday's black snail dive. Mainly because of last week's rise, spot sales obviously can not keep up with the rhythm of futures support is not enough. News, leaving Europe is still in the air, Aunt Mei resigned; iron ore and coke are growing rapidly, and the Sino-US trade war is intensifying. Pipe billet weakened again recently, Linyi Pipe Factory also showed a slight decline. On the market side, the volume of Cangzhou Square Tube has been declining in the past three months. The local seamless tube market has a light trading atmosphere and the price of Square Tube market is weak and stable. Traders know that the market demand is declining, compared with the same period in previous years, the volume of shipments has dropped a lot, inventory release is slow, the overall situation is not good, the merchants are not optimistic about the market after each other's management, how secretly to reduce shipments, to ensure profits. Inventory is relatively low. As the hot weather and rainy season are approaching, the purchasing volume is obviously reduced, most of them are purchased on demand, while the downstream is basically purchased at the price of resources of each factory. In summary, it is expected that the market price fluctuation of Fangguan in Cangzhou will remain weak next week. Raw materials, as of May 31, Tangshan Changli part of the carbon billet with tax factory 3560 yuan (ton price, the same below) fell 30 yuan from the same period last week.

今日管坯價格，現江鑫熱軋3870元，連鑄3770元下調30元，魯麗熱軋3850元下調20元，天鋼熱軋3900元下調20元，連鑄3810元 下調20元，濰鋼熱軋3920元，連鑄3780元，東方熱軋4130元，淮鋼4160元，中天4120元，長強4070元，凌鋼4330元。

Today's billet price, Jiangxin hot rolling 3870 yuan, continuous casting 3770 yuan down 30 yuan, Luli hot rolling 3850 yuan down 20 yuan, Tiangang hot rolling 3900 yuan down 20 yuan, continuous casting 3810 yuan down 20 yuan, Weigang hot rolling 3920 yuan, continuous casting 3780 yuan, Dongfang hot rolling 4130 yuan, Huaihua steel 4160 yuan, Zhongtian 4120 yuan, Changqiang 4070 yuan, Linggang 4330 yuan.

管坯價格，現今日管坯價格，現江鑫熱軋3870元，連鑄3770元，較上周共下調50元，魯麗熱軋3850元，較上周下調20元，天鋼熱軋 3900元，連鑄3810元較上周共下調30元，濰鋼熱軋3920元，連鑄3780元，東方熱軋4080元，淮鋼4160元，中天4120元，長強 4070元，凌鋼4330元。

The price of billet is 3870 yuan for Jiangxin hot rolling and 3770 yuan for continuous casting, 50 yuan lower than last week, 3850 yuan for Luli hot rolling, 20 yuan lower than last week, 3900 yuan for Tiangang hot rolling, 3810 yuan for continuous casting, 30 yuan lower than last week, 3920 yuan for Weigang hot rolling, 3780 yuan for continuous casting, 4080 yuan for Oriental hot rolling, 4160 yuan for Huaihua Steel, 4120 yuan for Zhongtian, 4070 yuan for Changqiang and 4330 yuan for Linggang.

庫存方面，滄州方管庫存累計約5.81萬噸，較上周減少0.08萬噸，周環比下降1.36%。

In terms of inventory, the total inventory of Cangzhou Fangguan is about 58.1 million tons, which is 0.08 million tons less than last week and 1.36% lower than that of the previous week.