廣州方管市場價格整體表現為小幅拉漲上行，方管市場成交整體與上周相比明顯好轉。期貨方面本周期螺依然處于穩定拉漲上 行通道，原材料方面現昌黎普碳方坯含稅出廠3360元/噸，本周方管走勢相對偏弱一些，成交整體一般。從現貨市場來看，周一受期貨大幅拉漲提振影響，廣州 當地現貨市場成交火爆尤其低價資源鎖貨需求不斷，市場報價也緊跟節奏二次甚至三次漲價；到周二市場整體出貨量比前一天相對少一點但成交節奏依然可以稱之為 火熱，方管廠家報價也是主流小幅追漲10元左右。周三開始市場成交轉弱，整體出貨幾乎減半；通過貿易商了解可能主要有另方面原因，一方面是臨近節假日下游備貨 需求基本釋放完畢，另一方面期貨方管偏弱震蕩，投機需求也會有所減弱。截至到今日，早盤廣州市場一次報價主流偏弱運行，午后隨著期貨的直線快速拉升再次激 發出市場的熱度，詢價成交開始有所好轉，方管現貨價格也止跌回穩。

Guangzhou square tube market prices as a whole showed a slight upward pull, square tube market transactions as a whole compared with last week improved significantly. Futures this week snail is still in a stable upward channel, raw materials are now Changli Pu carbon billet factory tax 3360 yuan/ton, this week the trend of the square tube is relatively weak, the overall turnover is general. From the spot market point of view, due to the impact of the sharp rise in futures on Monday, the local spot market in Guangzhou is booming, especially the demand for low-cost resources to lock goods is constantly booming, and the market quotation is closely following the rhythm of two or even three price rises. By Tuesday, the overall volume of shipments in the market is relatively less than the previous day, but the rhythm of trading can still be called hot. Business quotation is also the mainstream small surge of about 10 yuan. Traders know that there may be another main reason. On the one hand, the demand for backup goods in the lower reaches of the nearest holidays has basically been released. On the other hand, the demand for speculation will also be weakened due to the weakening of the volatility of the futures market. Up to today, the mainstream of a quotation in early morning Guangzhou market is weak. In the afternoon, with the rapid rise of futures line, the market heat is again aroused. Inquiry transactions begin to improve and spot prices stop falling and stabilize. 本周廣州庫存有所增加，需求有所轉好但北方到貨繼續增加讓總體庫存有所增加，螺紋庫存去年相對偏少。據9月11日統計數據顯示，現廣州 方管市場庫存總量88.13萬噸，環比上周2.29%。消息面上，本周發布8月份CPI和PPI數據以及汽車銷量，從數據來看經濟、市場并沒有轉好； 今日又傳出特朗普推遲加征關稅，整體而言現階段多空爭奪戰已處于白熱化階段，今日午后的期貨盤面快速拉升進一步刺激市場心態的轉好，甚至不乏看好后市捂貨 不出的操作。從市面上了解到，本周當地方管出貨情況整體與上周相比有所好轉，需求有望進一步回升促使當地供需關系的改善。綜上所述，預計下周廣州當地方管市場或主流偏強拉漲運行。

Inventory in Guangzhou increased this week, demand improved, but the continued increase in North arrivals led to an increase in overall inventory, and screw stocks were relatively low last year. According to the statistics of September 11, the total inventory of Guangzhou Square Management Market is 8813,000 tons, 2.29% compared with last week. On the news side, this week released August CPI and PPI data as well as automobile sales, from which we can see that the economy and the market have not improved. Today, Trump postponed the imposition of tariffs. On the whole, the multi-space battle at this stage is in a white-hot stage. The rapid rise of futures market in the afternoon further stimulates the market mentality. Well, there are even some operations that can't be done in the future. From the market, we know that the overall situation of local managed shipments has improved this week compared with last week, and demand is expected to further rebound to promote the improvement of local supply and demand relations. To sum up, it is expected that the local management market or the mainstream in Guangzhou will be on the strong upward trend next week.