Workflow
苹果产业日报-20250911
Rui Da Qi Huo·2025-09-11 08:49

Report Industry Investment Rating - The report suggests a short - long approach [3] Core View - The early - maturing Fuji apples in the new season are gradually on the market, with prices and quality higher than expected, showing a high - opening and high - running trend. The old - crop market's inventory is decreasing, and the sales are slightly accelerating. Pay attention to the stocking situation for the Double Festival [2] Summary by Related Catalogs Futures Market - The closing price of the main apple futures contract is 8252 yuan/ton, and the main contract position is 85099 hands, with an increase of 4789 hands. The net long position of the top 20 futures holders is 4097 hands, an increase of 1682 hands [2] Spot Market - The spot prices of apples in Gansu Jingning, Shandong Yiyuan, Shaanxi Luochuan, and Shandong Yantai Qixia remain unchanged. The national apple production is 5128.51 million tons, an increase of 168.34 million tons [2] Upstream Situation - The national apple cold - storage inventory is 27.35 million tons, a decrease of 6.62 million tons. The apple export volume is 50000 tons, an increase of 10000 tons. The import value of fresh and dried fruits and nuts is 1997.6 million US dollars, and the apple export value is 6328.4 million US dollars [2] Downstream Situation - The average wholesale price of tangerines is 8.3 yuan/kg, a decrease of 0.39 yuan/kg. The wholesale price of bananas is 3.62 yuan/kg, an increase of 0.11 yuan/kg. The average daily arrival volume of early - morning trucks in Guangdong's major fruit wholesale markets shows a downward trend [2] Option Market - The implied volatility of at - the - money call options for apples is 20.28%, a decrease of 1.1%, and that of at - the - money put options is 20.27%, a decrease of 17.05% [2] Industry News - Early - maturing Fuji apples in the western producing areas are on the market, with high - quality goods having high prices. In Shandong, the coloration of Red General apples is poor, and the price of cold - storage Fuji apples is stable [2] Viewpoint Summary - As of September 3, 2025, the national apple cold - storage inventory in the main producing areas is 27.35 million tons, a decrease of 6.62 million tons from last week. The inventory sales are slightly accelerating [2]