银河期货苹果日报-20250827

Group 1: Market Information - The Fuji apple price index was 109.50, up 0.07 from the previous trading day; the average wholesale price of 6 kinds of fruits was 6.86, up 0.04 [3] - Futures prices of AP01, AP05, and AP10 decreased by 10, 7, and 17 respectively compared to the previous day [3] - The basis of Qixia first - and second - grade 80 - AP01 and AP10 increased by 10 and 17 respectively [3] Group 2: Market News and Views Apple Market News - As of August 13, 2025, the cold - storage inventory of apples in the main producing areas was 46.01 tons, a decrease of 7.58 tons from the previous week, and the shipping speed slowed down slightly [4] - In July 2025, the export volume of fresh apples was about 5.36 tons, a month - on - month increase of 44.95%; the import volume was 1.77 tons, a month - on - month decrease of 5.73% and a year - on - year increase of 8.47%. The cumulative import volume from January to July 2025 was 8.66 tons, a year - on - year increase of 29.76% [7] - The apple market in the producing areas was stable, the cold - storage business was sluggish, and the remaining cold - storage goods had a high defective rate. The price of high - quality early - maturing apples was high and stable, while that of low - quality ones was weak [7] - The profit of Qixia 80 first - and second - grade apple storage merchants in the 2024 - 2025 production season was 0.4 yuan/jin, a decrease of 0.1 yuan/jin from the previous week [8] - The mainstream price of apples in Qixia, Shandong was stable, with different price ranges for different grades and types of apples [8] Trading Logic - The current market inventory is low, demand is in the off - season, and spot sales are average. The new - season apple output is expected to change little compared to this season. The early - maturing apples have a low high - quality fruit rate. It is expected that the price of new - season Fuji will be high at the beginning of listing, and the short - term market will fluctuate slightly stronger [9] Trading Strategies - For unilateral trading, it is recommended to build long positions on dips and conduct low - buying and high - selling rolling operations [10] - For arbitrage, it is recommended to wait and see [11] - For options, it is recommended to wait and see [12] Group 3: Related Attachments - The report provides 10 figures, including the prices of different types of apples, the basis and spreads of AP contracts, apple arrival volume, 6 - fruit prices, cold - storage inventory, and cold - storage outbound volume [16][18][24][26][31]