瑞达期货红枣产业日报-20250911

1. Report Industry Investment Rating - No information provided on the industry investment rating 2. Report's Core View - The red date market is currently in a critical "lean period" with complex market sentiment and price trends, where contradictions and games co - exist. The downstream demand is weak, and the old - crop inventory remains high. The supply - demand contradiction has not been effectively alleviated. It is recommended to wait and see in the short term [2] 3. Summary by Relevant Directory 3.1 Futures Market - The closing price of the main futures contract for red dates is 11,225 yuan/ton, up 190 yuan. The main contract's open interest is 137,721 lots, an increase of 6,880 lots. The net long position of the top 20 futures holders is - 4,067 lots, up 3,027 lots. The number of warehouse receipts is 9,194, a decrease of 131. The total effective warehouse receipt forecasts are 93 lots, up 42 lots [2] 3.2 Spot Market - The unified price of red dates in Kashi is 6 yuan/kg, unchanged; in Alar, it is 5.2 yuan/kg, unchanged; in Aksu, it is 4.8 yuan/kg, unchanged. The wholesale price of first - grade grey dates in Hebei and Henan is 4.75 yuan/jin, unchanged. The prices of special - grade red dates in Henan, Hebei, and Guangdong are 10.5 yuan/kg, 10.37 yuan/kg (up 0.02 yuan), and 11.7 yuan/kg respectively, with the latter two unchanged. The first - grade red date price in Guangdong is 10.6 yuan/kg, unchanged [2] 3.3 Upstream Market - The annual red date output is 606.9 million tons, an increase of 318.7 million tons. The planting area is 1.993 million hectares, a decrease of 41,000 hectares [2] 3.4 Industry Situation - The national red date inventory is 9,410 tons, a decrease of 46 tons from last week, a month - on - month decrease of 0.49% and a year - on - year increase of 76.45%. The monthly export volume is 1,784,164 kg, an increase of 19,057 kg. The cumulative monthly export volume is 18,899,838 kg, an increase of 1,784,164 kg [2] 3.5 Downstream Situation - The cumulative quarterly sales volume of red dates by Hao Xiangni is 36,480.43 tons, a decrease of 2,981.06 tons. The cumulative year - on - year production growth rate is 1.47%, a decrease of 34.59 percentage points [2] 3.6 Industry News - In the Hebei Cuierzhuang market, 1 truck of sub - standard red dates arrived, with sporadic arrivals recently. The reference price of non - standard special - grade red dates is 9.45 yuan/kg, and first - grade is 8.45 yuan/kg, with general overall transactions. In the Guangdong Ruyifang market, 2 trucks arrived, with stable spot prices and small - volume transactions. In the sales area market, the arrival volume is low, and the downstream procurement enthusiasm is general, with a cold trading atmosphere [2] 3.7 Viewpoint Summary - As of September 4, 2025, the physical inventory of 36 sample points of red dates is 9,410 tons, a decrease of 46 tons from last week, a month - on - month decrease of 0.49% and a year - on - year increase of 76.45%. The sample - point inventory has a slight decline, but the supply pressure remains [2]