Report Industry Investment Rating - Not provided Core View of the Report - The old - crop inventory is low with little sales pressure, and transactions are priced according to quality, with the overall shipment speed slowing down. The supply of paper - bag Gala apples in the western region is increasing, and high - quality fruits are sold at high prices. Overall, the low spot inventory strongly supports prices, but as the listing volume of Gala apples gradually increases in the future, it may restrain the price increase rhythm. It is recommended to wait and see for now [2] Summary by Related Catalogs Futures Market - The closing price of the October apple contract is 8150 yuan/ton, a decrease of 80 yuan/ton; the position of the main contract is 83,632 hands, an increase of 475 hands; the number of warehouse receipts is 1200, a decrease of 3533; the net long position of the top 20 futures holders is 0 hands [2] Spot Market - The spot price of apples in Shandong Yantai Qixia (paper - bag 80 and above) is 4 yuan/jin; in Gansu Jingning (paper - bag 75 and above, second - grade fruit farmer's goods) is 2.3 yuan/jin; in Shandong Yiyuan (paper - bag 75 and above) is 4 yuan/jin; in Shaanxi Luochuan (paper - bag 70 and above semi - commodity) is 4 yuan/jin [2] Upstream Situation - The annual national apple output is 5128.51 million tons; the weekly apple wholesale price is 168.34 yuan/kg, a decrease of 0.06 yuan/kg; the weekly average wholesale price of Fuji apples is not given a change value [2] Industry Situation - The national total apple cold - storage inventory is 9.69 million tons, a decrease of 7.38 million tons; the Shandong apple storage capacity ratio is 46.01%, a decrease of 0.03%; the Shaanxi apple storage capacity ratio is 0.02%, no change; the monthly apple export volume is 50,000 tons, an increase of 10,000 tons; the monthly apple export value is 6328.4 million US dollars, a decrease of 212,886 million US dollars; the monthly import value of fresh and dried fruits and nuts is 1742602 million US dollars, a decrease of 212886 million US dollars; the weekly profit of first - and second - grade paper - bag 80 apple storage merchants is 0.4 yuan/jin, a decrease of 0.1 yuan/jin [2] Downstream Situation - The weekly average wholesale price of tangerines is 10.11 yuan/kg, a decrease of 0.14 yuan/kg; the weekly banana wholesale price is 3.58 yuan/kg, a decrease of 0.15 yuan/kg; the weekly watermelon wholesale price is 5.88 yuan/kg, a decrease of 0.04 yuan/kg; the early - morning average daily arrival of trucks at the Guangdong Jiangmen wholesale market is 7.6 vehicles, a decrease of 0.8 vehicles; at the Guangdong Xiaqiao wholesale market is 9.6 vehicles, a decrease of 1.4 vehicles; at the Guangdong Chalong wholesale market is 15 vehicles, a decrease of 1 vehicle [2] Option Market - The implied volatility of at - the - money call options for apples is 18.98%, an increase of 0.39%; the implied volatility of at - the - money put options for apples is 18.98%, an increase of 0.39% [2]
苹果产业日报-20250819
Rui Da Qi Huo·2025-08-19 08:58