Group 1: Report Title and Date - The report is titled "Guoxin Futures Apple Weekly Report: Stronger Oscillation, Awaiting New Season Guidance" and is dated June 22, 2025 [2] Group 2: Industry Investment Rating - No industry investment rating is provided in the report Group 3: Core View - As of June 19, 2025, the total remaining cold storage apple volume in the country is 1.0883 million tons, at the lowest level in the past five years. The cold storage inventory ratio is about 8.24%, with a weekly环比 decrease of 0.69 percentage points and a year-on-year decrease of 4.51 percentage points. The destocking rate is 87.05%. With less inventory in cold storage and declining downstream demand, the supply and demand are in a stalemate. The new season's apples are in the early stage of bagging, and the fruit - hanging issues in the production areas need to be verified by the initial bagging results. Short - term operations are recommended to be treated with a bullish oscillation mindset [35] Group 4: Summary by Directory 1. This Week's Market Review - This week, the main contract of apple futures, AP2510, showed a stronger oscillation [7] 2. Supply - side Situation - As of June 19, 2025, the total remaining cold storage apple volume in the country is 1.0883 million tons, at the lowest level in the past five years. The cold storage remaining volume in Shandong production area is 657,600 tons, and that in Shaanxi production area is 291,700 tons [12][35] 3. Demand - side Situation - As of June 19, 2025, the national cold storage inventory ratio is about 8.24%, with a weekly环比 decrease of 0.69 percentage points and a year - on - year decrease of 4.51 percentage points. The destocking rate is 87.05%. Apples are in the off - season, and the listing of seasonal fruits impacts the apple market, reducing market demand and the purchasing enthusiasm of merchants [17] - In May 2025, the export volume of fresh apples was about 50,000 tons, a 28.57% decrease from the previous month and a 16.67% decrease from the same period last year. The second - quarter export volume of fresh apples in 2025 is expected to decline [19] - As of June 20, in Shandong Yantai Qixia, the price of 80 and above first - and second - grade fruit farmer's slice - red apples is 3.5 - 4.0 yuan/jin, striped apples are 3.5 - 4.5 yuan/jin, merchant's slice - red apples are 4.0 - 4.5 yuan/jin, striped apples are 4.0 - 5.0 yuan/jin. The price of general goods is 2.8 - 3.0 yuan/jin, and the third - grade merchant's goods are 2.5 - 3.0 yuan/jin. The mainstream price of 70 apples is 2.5 - 2.7 yuan/jin. Sellers sell according to the market, there are few buyers, and the trading volume is low [31]
国信期货苹果周报：偏强震荡，等待新季指引-20250622
Guo Xin Qi Huo·2025-06-22 03:11