方管

价格方面预计无锡地区方管继续随成本偏空

无锡市场方管主流报价4寸主流累降70。成本方面，周内期螺大跌后底部盘整，原料目前焦企秋冬季错峰限产幅度相对有限，钢坯市场弱势向下，整体成品价格也是不断走低，其中焊镀管厂价格政策基本震荡 下调20-30元的节奏，不过不乏暗降优惠加大。截至目前，坯料部分出厂价格3680元；唐山瑞丰355mm系列带钢出厂报价3860；无锡友发新国标产 4寸(3.75mm)方管报4160元，较上周累计下调130元。
The mainstream market price in Wuxi market is 4 inches, and the mainstream is down 70. In terms of cost, the bottom was consolidated after the sharp drop of snails during the week. At present, the range of staggered peak production of raw materials is relatively limited in coke enterprises in autumn and winter. The slab market is weaker and the price of finished products is also declining. The price policy of welded and plated pipe mills has been lowered by 20-30 yuan, but there are many concealed declines and preferential increases. Up to now, the ex-factory price of billet is 3680 yuan; the ex-factory price of Tangshan Ruifeng 355mm series strip steel is 3860 yuan; the ex-factory price of Wuxi Youfa New National Standard 4 inch (3.75mm) square tube is 4160 yuan, which is 130 yuan lower than last week. 市场方面，无锡地区周日为进博会结束首日，当地交通管制解禁，工地部分复 工，需求小有释放，不过市场成交清淡，营业商家报价明显松动；同时周内期螺走势不佳，终端多压单采购，贸易商随进随出，价格走低；周后期北方地区环保限产 陆续实施，而偏弱行情并没有太大的改动，预期悲观情绪影响下成交逐步缩量，商户多顺应市场保证一定走量为多。库存方面，本周南北差价仍不能有效打开，无锡 地区采购资源策略不改，供应变动暂时不大，方管资源较上周增约1.25%。
On the market side, on Sunday, the first day of the Expo, the local traffic control was lifted, part of the construction site was restored and the demand was released slightly, but the market turnover was light and the quotation of business merchants was obviously loosened. At the same time, the snail trend was not good in the period of the week, the terminal purchase with multiple orders, the traders followed in and out, and the price went down later in the week. Environmental production restriction has been implemented in Fangfang area, but the weak market has not changed much. Trading volume is expected to shrink gradually under the influence of pessimism. Businessmen conform to the market to ensure a certain amount of traffic. In terms of inventory, this week's North-South price gap can not be effectively opened, Wuxi region's procurement resources strategy remains unchanged, supply changes are temporarily small, square management resources increased by about 1.25% compared with last week.

综合来看，当前期现基差450元左右，现货有回落修复基差趋势；同时当前北方环保限产对市场操作情绪提振效果不明显，原料钢坯大跌后修复缓慢，不排除继续下探的可能，加上需求无法释放，贸易商操作多延续谨慎。价格方面预计无锡地区方管继续随成本偏空。
Generally speaking, the current cash base difference is about 450 yuan, and the spot has the tendency to fall back to repair the base difference. At the same time, the current northern environmental protection restriction has no obvious effect on boosting market operation sentiment, and the repair of raw steel billets is slow after a sharp fall. It does not rule out the possibility of further exploration, coupled with the unreleasable demand, traders are more cautious in operation. The price side is expected to continue to be empty in Wuxi area.

价格方面：截至11月16日，本地友发新国标产1.5 寸(3.25mm)方管主流报价4630元(吨价，下同)，4寸(3.5mm)方管主流报价4630元，6寸(4mm)方管主流报价4850元。
Price: As of November 16, local Youfa New National Standard 1.5 inch (3.25mm) square tube mainstream price 4630 yuan (ton price, the same below), 4 inch (3.5mm) square tube mainstream price 4630 yuan, 6 inch (4mm) square tube mainstream price 4850 yuan.