新季早熟类高开，盘面偏强运行

Group 1: Report Industry Investment Rating - Not provided Group 2: Core View of the Report - The late - season old - crop apples' closing prices are basically stable, which may boost the purchase prices of new - crop apples. The high opening prices of early - season new - crop apples may support the market. Short - term trading is recommended to be based on a bullish - biased trading strategy [36] Group 3: Summary by Directory 1. This Week's Market Review - This week, the main contract of apple futures, AP2510, showed a strong performance [7] 2. Supply - Side Situation - As of July 10, 2025, the total remaining cold - storage apple volume in China was 824,400 tons, at the lowest level in the past five years. Shandong's cold - storage remaining volume was 503,400 tons, and Shaanxi's was 219,100 tons [13] 3. Demand - Side Situation - As of July 10, 2025, the national cold - storage inventory ratio was about 6.24%, with a week - on - week decrease of 0.64 percentage points and a year - on - year decrease of 3.35 percentage points. The de - stocking rate was 90.19%. Apples were in the off - season, with slow shipment in the producing areas. Some storage merchants were eager to sell [18] - In May 2025, the export volume of fresh apples was about 45,500 tons, a month - on - month decrease of 37.38% and a year - on - year decrease of 25.15%. The second - quarter export volume in 2025 was expected to decline [20] - As of July 11, the mainstream prices of apples in Qixia, Yantai, Shandong were stable. The number of purchasing merchants was still small, with sluggish transactions. In recent days, the sales enthusiasm of storage merchants has further increased [32]