12日方管價格窄幅調整，今日145小窄帶開盤較昨漲20，主流廠家報3710元/噸，整體成交一般偏弱，上午期貨小幅走強但上漲乏力，下游多謹 慎觀望為主，往日的廠家出清現象今日上午并未出現，但廠家受限于成本，盤中僅下調10元/噸，降后出貨并未有明顯好轉，午后期貨突然大幅拉漲，極大的刺激 了市場需求，小窄帶成交立馬好轉，多家方管廠家出清日產，下調的10元也紛紛回漲；唐山355方管主流較昨持漲10，中寬帶較昨持穩，355系中寬帶現貨市場 報價較昨日漲20-30左右，早盤期貨市場有小幅探漲跡象，本就流通性很強的355系方管成交稍顯活躍，但出貨較往日并未有明顯改觀，隨后多家鋼廠發布自 行檢修停產，后期鋼鐵產量將受到很大影響，午后期貨市場大幅拉漲，對現貨市場產生了極大沖擊，下游心態紛紛好轉，目前低位成交漸好，但仍有部分終端持觀望 態度，連續多日的現貨市場陰霾現象也有些緩和；華東華南地區今日方管價格多窄幅調整，午后期貨大幅拉漲，方管廠家信心尚可，但市價偏弱運行。市場交投氛圍平 平，下游需求尚未完全復蘇，方管廠家觀望心態濃。目前由于山東大部分地區暴雨，下游需求受限，個別貿易商報價小幅走低，即使報穩方管廠家在實際成交過程中仍有議價 空間，成本堅挺的情況下，現貨仍有支撐，華南地區，熱軋方管與冷軋卷板價格逐步恢復正常，冷軋廠采購情緒轉好，方管廠家反饋方管下行壓力有所減弱。綜合來看， 考慮到目前鋼廠主動限產緩壓，預計明日國內方管價格或將小幅反彈。

12-day price adjustment, today's 145 small narrow-band opening 20% higher than yesterday, the mainstream manufacturers reported 3710 yuan/ton, the overall turnover is generally weak, futures in the morning slightly stronger but weak, downstream more cautious wait-and-see mainly, the former factory clearing phenomenon did not appear this morning, but manufacturers limited by costs, only 10% lower in the market. Yuan/ton, shipment did not improve significantly after the drop, and the sudden sharp increase in late afternoon goods greatly stimulated market demand, small narrow-band transactions improved, many square tube manufacturers cleared Nissan, the 10 yuan cut back also rose; Tangshan 355 square tube mainstream rose by 10, broadband broadband was more stable than yesterday, 355 series broadband spot market. The quotation is about 20-30 higher than yesterday. The early futures market shows a slight increase. The 355 series, which have strong liquidity, are slightly active, but the shipment has not improved significantly. Subsequently, several steel mills announced their own maintenance and shutdown. Later, the steel output will be greatly affected. The late afternoon goods market will rise sharply. Spot market has had a great impact, downstream mentality has improved one after another, the current low turnover is getting better, but there are still some terminals holding a wait-and-see attitude, and the haze phenomenon in the spot market for many days has eased somewhat; how narrow adjustments in the price of square tubes in East and South China today, the sharp increase in late afternoon goods, square tube manufacturers'confidence is still acceptable, but Market price is weak. Market trading atmosphere is flat, downstream demand has not yet fully recovered, the Side-Controlled manufacturers wait-and-see mentality is strong. At present, due to the rainstorm in most areas of Shandong Province, the downstream demand is limited, and the quotations of individual traders are slightly lower. Even if the stable square tube manufacturers still have bargaining space in the actual transaction process, the spot still has support under the strong cost. In South China, the prices of hot-rolled square tube and cold-rolled coil sheet are gradually returning to normal, and the cold-rolled mill is picking up. The purchasing mood improved and the downward pressure of the feedback from the square tube manufacturer weakened. To sum up, considering the current steel mill initiative to limit production and slow down pressure, it is expected that the domestic pipe price will rebound slightly tomorrow. 方管價格方面：唐山熱軋方管(2.5*355mm)唐山瑞豐3710較昨漲10；天津熱軋方管 4.0*(480-570)天津榮鋼送到大邱莊價3785；無錫熱軋方管（2.5*355mm）中天3870較上個交易日暫穩，萊蕪熱軋方管2.5* （232-355）萊鋼3760較上個交易日跌20，唐山熱軋小窄帶報3710較昨漲20。

In terms of square pipe price, Tangshan Ruifeng 3710 of Tangshan hot-rolled square pipe (2.5*355mm) rose 10% from yesterday; Tianjin hot-rolled square pipe 4.0* (480-570) was sent to Daqiu by Tianjin Ronggang at 3785; Wuxi hot-rolled square pipe (2.5*355mm) was temporarily stable in midday 3870, while Laiwu hot-rolled square pipe 2.5* (232-355) was 20% lower than the previous trading day, and Tangshan hot-rolled square pipe 3760 was 20% lower than the previous trading day. Hot-rolled narrow strip 3710 is 20% higher than yesterday.