瑞达期货红枣产业日报-20250827

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - The market acknowledges the potential reduction in the output of Xinjiang grey jujubes in the new season, but there are certain disagreements in the output estimates. Overall, the fundamental situation has not changed significantly. The jujube futures lack clear guidance and show a fluctuating trend. In the future, attention should be paid to the actual output and the opening purchase price. It is recommended to wait and see for now [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main jujube futures contract was 11,360 yuan/ton; the main contract's open interest was 130,407 lots, a decrease of 1,842 lots; the net buy volume of the top 20 futures positions was -11,154 lots, a decrease of 2,456 lots; the number of delivery warrants was 9,962; the total valid delivery warrant forecasts was 1,007, with no change [2] 3.2 Spot Market - The prices of various grades of jujubes in different regions remained mostly stable, with only a 0.04 yuan/kg decrease in the price of premium jujubes in Hebei [2] 3.3 Upstream Market - The annual jujube output was 6.069 million tons, an increase of 3.187 million tons; the planting area was 1.993 million hectares, a decrease of 41,000 hectares [2] 3.4 Industry Situation - The national jujube inventory was 9,519 tons, a decrease of 167 tons from the previous week, a 1.72% decrease and a 79.20% increase year-on-year; the monthly jujube export volume was 1,784,164 kg, an increase of 19,057 kg; the cumulative monthly jujube export volume was 18,899,838 kg, an increase of 1,784,164 kg [2] 3.5 Downstream Situation - The wholesale price of jujubes in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi was 20 yuan/kg, a decrease of 8; the cumulative jujube sales volume of Hao Xiang Ni was 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year-on-year jujube output growth rate of Hao Xiang Ni was 1.47%, a decrease of 34.59 percentage points [2] 3.6 Industry News - On August 27th, the weather in Kashgar was sunny with temperatures ranging from 17 - 31°C. According to on - the - spot research, the per - mu yield of each farm varied, with the mainstream per - mu yield ranging from 600 - 800 kg. The jujubes have entered the sugar - increasing period, and attention should be paid to the rainfall in the main producing areas in September. On Wednesday, the jujube 2601 contract closed down 0.31%. The jujube output in 2024 increased year - on - year, resulting in higher old - crop inventories than the same period last year [2]