Market Dynamics - The Cangzhou market received 30 trucks of goods, primarily from Xinjiang, with prices slightly easing, while Guangzhou received 4 trucks, showing better transaction volume compared to last year[1] - Expired old warehouse receipts have been canceled, losing their financial attributes[1] - The new season's production is expected to increase, with projected yields in Aksu and Alar regions reaching 800-900 kg per mu[1] - The market sentiment is generally recovering, although red dates failed to maintain the 10,000 yuan per ton mark after a high opening and low closing post-holiday[1] Fundamental Analysis - The new season's red date production is showing a recovery trend[1] - The seasonal peak is approaching, leading to faster sales in the downstream market[1] - The new season's red dates are currently in the drying phase, with concentrated harvesting expected by the end of the month[1] Technical Analysis - The main CJ2501 contract for red dates reached a high of 10,400 yuan/ton and a low of 9,820 yuan/ton, closing at 9,930 yuan/ton, down 240 yuan/ton from the previous trading day[1] - The trading volume was 92,770 contracts with an open interest of 70,962 contracts, indicating an increase in positions despite a bearish closing[1] - The MACD indicator shows a decrease in the red energy bar, with the indicator moving upwards below the zero axis[1] Strategic Recommendations - It is advised for downstream clients to purchase based on their needs, while upstream clients should focus on raw material procurement and consider hedging based on acquisition conditions[2] - Investment clients are recommended to adopt a wait-and-see approach[2] Risk Considerations - Attention should be paid to the procurement policies in production areas[2]
红枣日报-宏观释放利好 盘面节后高开低走
Hua Rong Rong Da Qi Huo·2024-10-09 04:33