Core Viewpoint - The domestic futures market for agricultural products shows mixed performance, with red dates futures experiencing a downward trend and weak market sentiment [1][2]. Group 1: Market Performance - The main contract for red dates opened at 9675.00 CNY/ton, fluctuating between a high of 9755.00 CNY and a low of 9560.00 CNY, reflecting a decline of approximately 1.37% [1]. - The overall market sentiment for red dates is pessimistic, with the main contract showing a downward trend and testing support levels [2]. Group 2: Supply and Demand Analysis - Current supply of red dates is sufficient, with markets in Hebei and Guangdong reporting stable arrivals and a preference for older stock over new [1]. - The overall production for the year is expected to remain around 550,000 ± 50,000 tons, indicating a clear oversupply situation [1]. Group 3: Market Sentiment and Future Outlook - The market is currently experiencing a bearish sentiment, with increased short positions and a decline in the long-short ratio [2]. - The upcoming Double Eleven shopping festival is anticipated to boost end-consumer demand for red dates, although the market remains cautious [2].
供需过剩比较明确 预计红枣短期仍震荡偏弱运行
Jin Tou Wang·2025-11-05 06:03