Core Viewpoint - The domestic futures market for agricultural products shows a downward trend, particularly in red dates, with significant fluctuations in prices and production estimates indicating a potential decrease in output compared to previous years [1] Group 1: Market Performance - The main contract for red date futures opened at 11,200.00 CNY/ton, experiencing a price drop of approximately 3.34% during the trading session [1] - The highest price reached was 11,215.00 CNY, while the lowest was 10,840.00 CNY [1] Group 2: Production and Inventory - As of October 23, physical inventory in 36 sample points was reported at 9,103 tons, showing a week-on-week increase of 94 tons and a year-on-year increase of 109.22% [1] - Due to climatic conditions, the maturity period for Xinjiang red dates is earlier than last year, with some orchards already harvesting before the frost period [1] - Preliminary estimates suggest a production decrease of 5-10% compared to 2022 and a 20-25% decrease compared to 2024, with new season production expected to be between 560,000 to 620,000 tons [1] Group 3: Future Market Outlook - Dalian Futures indicates that future price movements will depend on new season production, quality, and opening prices, with potential for prices to rise if production decreases are confirmed and consumption recovers [1] - East Securities Futures highlights that the upcoming week is critical for determining the acquisition prices before harvesting, suggesting a cautious approach until prices stabilize [2]
产区红枣已开始零星下树 期货盘面结束上涨态势
Jin Tou Wang·2025-10-24 07:21