本周北京方管市場價格窄幅震蕩。截至12日，北京市螺線沙龍批量成交指導價 格：Φ8-10mm高線為4510元(噸價，下同)，比上周同期降50元。河北鋼鐵集團產Φ12mm三級抗震螺紋鋼為3780元，比上周同期降60 元；Φ25mm三級螺鋼為3710元，比上周同期降10元。本周市場資金緊張情況再次發生變化，可以理解為方管廠家資金相對寬松，鋼廠則由于方管廠家訂貨熱情不高，交款不多而出現資金緊張，主動降價出貨回籠資 金的情況；環保消息本周暫時歸于平靜，期貨市場震蕩調整，漲跌均無方向，鋼坯價格窄幅調整。北京方管市場價格整體小幅下挫，商家心態依舊謹慎，鋼廠更是短 期大幅殺價，意圖加大出貨。市場大戶日成交量在500-2000噸。近期鋼廠螺紋到貨依然不多，盤螺量稍高，整體北京方管庫存仍然處于去庫狀態。

This week, Beijing Fangguan's market prices fluctuated narrowly. As of December 12, Beijing Spiral Salon bulk trading guidance price: 8-10mm high line is 451 yuan (ton price, the same below), 50 yuan lower than the same period last week. Hebei Iron and Steel Group produces 3 780 yuan of 12mm three-stage anti-seismic threaded steel, 60 yuan lower than the same period last week, and 3 710 yuan of 25mm three-stage anti-seismic screw steel, 10 yuan lower than the same period last week. This week, the market capital tension has changed again, which can be understood as the relatively loose funds of traders, steel mills due to the low enthusiasm of traders for orders and the small amount of payment, the situation of capital tension, the initiative to reduce prices and return funds; environmental news this week temporarily calmed down, the futures market shocks and adjustments, no rise or fall. Direction, slab price narrow adjustment. Beijing Fangguan market prices overall slightly declined, business mindset remains cautious, steel mills are short-term price reduction, intending to increase shipments. The daily turnover of large market households is 500-2000 tons. Recent steel mill thread arrival is still not much, screw volume is slightly higher, the overall inventory of Beijing square pipe is still in the depot state. 宏觀方面，周五晚間央行宣布降準，釋放9000億資金，受此影響周一螺紋鋼等一眾商品大漲，足見國家穩增長措施在很大或程度上扭轉了市場極度看空 的心態；統計局最新公布的8月cpi和ppi依然表明制造業還是相當不理想，由此短期經濟發展依然得依靠基建投資刺激拉動；

Macroscopically, on Friday night, the central bank announced a reduction of its benchmark and released 900 billion yuan of funds, which affected the surge of commodities such as rebar on Monday, suggesting that the steady growth measures of the country have largely or partly reversed the market's extreme short-sightedness. The latest August CPI and PPI released by the Bureau of Statistics still show that manufacturing is still quite unsatisfactory, which means that the manufacturing industry is still quite unsatisfactory. Short-term economic development still needs to be stimulated by investment in infrastructure.

目前來看，整體市場處在震蕩偏弱的態勢，在短期利好出盡的情況下，北京市場缺乏一定的支撐，且由于市場多傳15日之后工地正式停工，故預計節后北京方管市場價格將偏弱運行的態勢。

At present, the overall market is in a weak volatility situation. In the case of short-term good outcomes, the Beijing market lacks certain support, and due to the market spread 15 days after the construction site officially shut down, it is expected that after the festival, the market price of Beijing Fangguan will be weaker.