瑞达期货红枣产业日报-20250421

Report Summary - Report Date: April 21, 2025 [1] - Report Type: Jujube Industry Daily Report 1. Report Industry Investment Rating - Not provided in the report 2. Report's Core View - This week, the inventory of 36 sample physical warehouses decreased slightly, with a week - on - week reduction of 1.26% and a year - on - year increase of 51.27%. As the weather warms, cold storage inventory has become saturated. Due to low spot prices and increasing storage costs, mainland holders have not significantly reduced prices. The sales area has sufficient supply and average trading atmosphere, with high - quality and sub - standard products moving relatively fast. The current market supply - demand game continues, and price fluctuations are limited. It is recommended to focus on inventory digestion and new - season growth [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main jujube futures contract is 9440 yuan/ton, down 10 yuan/ton; the 5 - 9 month contract spread is - 405 yuan/ton, up 10 yuan/ton. The main contract's open interest is 86468 lots, an increase of 633 lots. The net long position of the top 20 futures holders is - 24760 lots, a decrease of 667 lots. The number of warehouse receipts is 8073, unchanged; the effective warehouse receipt forecast is 409, unchanged [2] 3.2 Spot Market - The prices of jujube in various regions are stable. For example, the price of general jujube in Kashgar is 6 yuan/kg, the wholesale price of first - grade grey jujube in Hebei is 4.15 yuan/jin, etc. [2] 3.3 Upstream Market - The annual jujube output is 6069000 tons, an increase of 3187000 tons; the planting area is 1.993 million hectares, a decrease of 41000 hectares [2] 3.4 Industry Situation - The national jujube inventory is 10655 tons, a decrease of 66 tons; the monthly export volume is 2839432 kg, a decrease of 1661166 kg; the cumulative export volume is 7340030 kg, an increase of 2839432 kg [2] 3.5 Downstream Situation - The wholesale price of jujube in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is 20 yuan/kg, a decrease of 8 yuan/kg. The cumulative sales volume of HaoXiangNi's jujube is 39461.49 tons, an increase of 12290.69 tons; the cumulative year - on - year production increase is 36.06%, a decrease of 38.79 percentage points [2] 3.6 Industry News - Over the weekend, nearly 30 trucks of jujube arrived at the Cui'erzhuang Market in Hebei, with sufficient supply. High - quality goods are scarce and prices are firm. The sales area has average sales, and inventory is relatively high. In the Guangdong Ruyifang Market, 7 trucks of jujube arrived, and the mainstream price is stable [2] 3.7 Viewpoint Summary - The inventory of 36 sample points decreased by 1.26% week - on - week and increased by 51.27% year - on - year. The inventory decreased slightly this week. Cold storage inventory is saturated. Holders have not significantly reduced prices. The sales area has sufficient supply and average trading atmosphere [2] 3.8 Tip to Follow - There is no news today. It is recommended to focus on inventory digestion and new - season growth [2]