方管

方管厂商的关注点推迟到2月底前后供需短暂错配及激进补货

本周(1.18-1.25)无锡市场方管主流报价4寸主流累降30。市场方面，无锡地区放假时间陆续暂定在农历十九到正月初九左右，周内北方原料继续表现强势，部分管厂趁势发台政策冲击任务量，当地部分商户着手囤货正常库存10%左右，半个月销量为主，亦有正常协议走货观望来年行情存在，节后库存或难达峰值。近期投机需求势头稍显，方管厂商的关注点推迟到2月底前后供需短暂错配及激进补货。供应方面，焊镀管厂本周正常协议几百吨到千吨左右调整规格为多，个别大厂原料储货到位优惠政策集 中截止到2月15日-3月底；无锡地区在统计贸易商焊镀管资源较上周增约1.18%。
This week (1.18-1.25) Wuxi market mainstream quotation 4 inches mainstream declined by 30. On the market side, the vacation time in Wuxi is tentatively scheduled from the nineteenth day of the lunar calendar to the ninth day of the first lunar month. During the week, the raw materials in the North continue to show strong performance. Some management factories take advantage of the situation to launch policies to impact the task load. Some local merchants start to hoard about 10% of the normal stock. Half-month sales volume is the main one. There are also normal agreements to wait and see the next year's market. After-season stocks or it is difficult to reach The recent speculative demand momentum is slightly obvious, and the focus of welded pipe manufacturers has been delayed to the end of February, when supply and demand are temporarily mismatched and radical replenishment. On the supply side, the welded and plated pipe mills agreed to adjust their specifications from several hundred tons to about one thousand tons this week, and the preferential policies for the storage of raw materials in individual large factories concentrated until February 15-March end. The resources of welded and plated pipes in Wuxi increased by about 1.18% compared with last week. 成本方面，进入最后交易周，整体操作氛围大大降低；期现结合重回紧密性，基本面上出现期现套期保值成交量回升，成本端价格及利润再次借势进入涨势，而市场普 遍表现淡定。截至目前，坯料部分出厂价格3430；唐山瑞丰355mm系列带钢出厂3640；天津友发新国标产4寸(3.75mm)方管报3960元，较 上周累计上调80元。
In terms of cost, in the final trading week, the overall operating atmosphere has been greatly reduced; in combination with the return of tightness, futures and cash hedging volume has rebounded on the basic, cost-side prices and profits have again borrowed momentum into the rise, while the market is generally calm. Up to now, the ex-factory price of billet part is 3430; the ex-factory price of Tangshan Ruifeng 355mm series strip steel is 3640; the ex-factory price of Tianjin Youfa New National Standard 4 inch (3.75mm) is 3960 yuan, up 80 yuan from last week.

综合来看，市场商家心态仍较为谨慎，不过期现盘面修复和当前库存水平的稳支撑使节后价格存在猜想。下周真正进入停工、休市高峰期，预计无锡地区方管将以当前价位维稳。
Generally speaking, the mindset of market merchants is still more cautious, but there are conjectures about the price of the envoy after the overdue spot repair and the stable support of the current inventory level. Next week will really enter the peak period of shutdown and closure, and it is expected that the local authorities in Wuxi will maintain stability at the current price.

价格方面：截至1月25日，本地友发新国标产1.5寸 (3.25mm)方管主流报价4100元(吨价，下同)，4寸(3.5mm)方管主流报价4100元，6寸(4mm)方管主流报价4320元。
Price: As of January 25, the mainstream price of 1.5 inch (3.25mm) square tube produced by local Youfa New National Standard is 4100 yuan (ton price, the same below), 4 inch (3.5mm) square tube mainstream price is 4100 yuan, 6 inch (4mm) square tube mainstream price is 4320 yuan.