Report Title - "偏强运行,等待新季产量落地 —— 国信期货苹果周报" [2] Report Date - August 17, 2025 [2] Report Industry Investment Rating - Not provided Core View - The cold storage余量 is lower than the same period in previous years, with goods concentrated in Shandong. Cold storage merchants have a high willingness to ship. The destocking rate is high, but there are differences in shipment among cold storages. Early - maturing apples have problems such as slow coloring and small fruit size in some areas. The number of new - season apple bagging is slightly lower than the previous season, and the purchase price of early - maturing apples in the northwest is higher than last year, which may support the opening price of late - maturing Red Fuji. It is recommended to consider buying on dips in the short term and pay attention to the new - season apple production performance [30] Summary by Directory 1. This Week's Market Review - This week, the main contract of apple futures, AP2510, continued to rise after a slight correction [7] 2. Supply - side Situation - As of August 14, 2025, the total remaining cold - storage apples in the country were 461,300 tons, at the lowest level in the past five years. The remaining cold - storage volume in Shandong was 288,200 tons, and that in Shaanxi was 119,200 tons [10] 3. Demand - side Situation - As of August 14, 2025, the national cold - storage inventory ratio was about 3.50%, with a weekly - on - weekly decrease of 0.41 percentage points and a year - on - year decrease of 2.8 percentage points. The destocking rate was 94.50%. There were differences in shipment among cold storages, and data errors slightly increased [14] - In June 2025, the export volume of fresh apples was about 37,000 tons, a month - on - month decrease of 18.62% and a year - on - year decrease of 38.55%. The second - quarter export volume is expected to decline [16] - As of August 15, the mainstream price of apples in Qixia, Yantai, Shandong was stable. Cold - storage merchants had low - price offers, and customer purchasing enthusiasm was good [26]
苹果周报:偏强运行,等待新季产量落地-20250817
Guo Xin Qi Huo·2025-08-17 02:42