本周上海市场方管主流报价4寸主流持平。成本方面，周初期螺涨跌不定市场低沉，钢价存在冲高修复诉求，没有明显下降的产量对近乎零需求，分歧迟疑氛围渐起；而下半周宏观各路政策消息不断发布，一旦期螺及原料钢坯稍有提振，成材便紧跟上涨，另直接原料带钢瑞丰3月份因北区高炉煤气管道对接，一二线协议量减20%量，同时管厂集中地区因重污染天气陆续 接收停限产通知，再次使行情表现偏强。截至目前，坯料部分出厂价格3430；唐山瑞丰355mm系列带钢出厂3600；天津友发新国标产4寸 (3.75mm)方管报3940，较上周价格累计下调20元。
This week, the mainstream offer for welded pipe in Shanghai market is flat at 4 inches. In terms of cost, in the early part of the week, the snail price rises and falls uncertainly, the market is depressed, the demand for steel price rises and repairs exists, and there is no obvious drop in production demand near zero, and the atmosphere of divergence and hesitation gradually arises. In the second half of the week, macro policy news is constantly released. Once the snail and raw material billet have been slightly boosted, the finished products will keep up with the increase. In March, Ruifeng, the direct raw material strip steel, will be connected with the North blast furnace gas pipeline. The first-and second-line agreement volume is reduced by 20%, and the centralized area of the pipeline plant receives the stop-and-limit notice one after another due to the heavily polluted weather, which makes the market performance stronger again. Up to now, the ex-factory price of billet part is 3430; the ex-factory price of Tangshan Ruifeng 355mm series strip steel is 3600; the ex-factory price of Tianjin Youfa New National Standard 4 inch (3.75mm) welded pipe is 3940, which is 20 yuan lower than last week's total price. 市场方面，周内受发展粤港澳大湾区、中美、货币宽松等宏观消息刺激，黑色期货 走高，而现货钢价在经历一波冲高回落后，表现缺乏牢固基础，焊镀管市场价格整体调整积极性不高。成交方面，上海地区贸易商回归时间较晚，加上终端采购操作 谨慎，部分跟随厂家优惠政策50元，承压走量为主；低价位资源的出现使交投较前几日有小幅放量，整体成交略显一般，观望供应和需求博弈趋势的持续性，将有 效带动价格趋强。库存方面，上游管厂库存本周部分被动累积，而上海地区市场各厂资源相对饱和，节前及目前为止基本以正常协议库存为主，目前操作上两相观 望，在统计贸易商焊镀管资源较上周被动增约1.50%。
On the market side, stimulated by macro-news such as the development of Guangdong, Hong Kong, Macao, Dawan District, China, the United States and monetary easing, black futures rose in the week, while spot steel prices experienced a wave of ups and downs, showing a lack of solid foundation, and the overall adjustment enthusiasm of welded and plated pipe market prices was not high. Traders in Shanghai return late, coupled with prudent terminal procurement operation, some follow the preferential policy of 50 yuan, with the main volume of pressure; the emergence of low-price resources makes the volume of trade slightly larger than the previous few days, the overall turnover slightly general, wait and see the sustainability of supply and demand game trend, will effectively drive the price to become stronger. In terms of inventory, upstream pipeline factory stocks accumulated passively this week, while the resources of each factory in Shanghai market were relatively saturated. Before the festival and so far, normal agreement stocks were the main stocks. At present, the operation is two-sided. In statistics, TRADERS'welding and plating pipe resources increased passively by about 1.50% compared with last week.
Generally speaking, the flexible and sustained implementation of the stop-and-limit policy will make steel mill prices firm, TRADERS'wait-and-see mentality, and the gradual start-up of future market demand, all of which will form a certain support for prices; however, at present, the managers have a mentality of moving at the end of the month, operation or relative divergence. It is expected that the fluctuation of welded pipe market will continue in Shanghai.
Price: As of February 22, the mainstream price of 1.5 inch (3.25mm) welded pipe produced by local Youfa New National Standard is 4130 yuan (ton price, the same below), 4 inch (3.5mm) welded pipe is 4130 yuan, 6 inch (4mm) welded pipe is 4350 yuan.
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