红枣期货周报-20250915

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View - During the week of September 8 - 12, 2025, the red date futures maintained a high - level oscillation and underwent a weak adjustment [2]. 3. Summary by Directory 3.1 Futures Market - Main Contract Price: The red date futures mainly oscillated during the week, breaking below the middle track of the Bollinger Bands to find lower support. Trading volume decreased while open interest remained unchanged. The CJ2601 contract of red date futures opened at 10,960 yuan and closed at 11,155 yuan, up 155 yuan or 1.41%. The highest price was 11,285 yuan and the lowest was 10,850 yuan. Open interest was 133,000 lots, an increase of 2,343 lots from the previous week. Trading volume was 558,000 lots, a decrease of 161,000 lots from the previous week [3]. - Sub - main Contract Price: The CJ2605 sub - main contract of red date futures mainly oscillated and rebounded during the week. Trading volume decreased while open interest increased. The contract opened at 11,090 yuan and closed at 11,290 yuan, up 150 yuan or 1.35%. The highest price was 11,420 yuan and the lowest was 11,000 yuan. Open interest was 49,154 lots, an increase of 3,097 lots from the previous week. Trading volume was 83,574 lots [5]. 3.2 Market Outlook - The red date futures broke below the middle track of the Bollinger Bands and then rebounded, with the market turning weak. Currently, red date inventories are high and consumption boost is not obvious. With the upcoming listing of new - season red dates, price support for red dates has weakened. The market is under pressure due to high inventories, a large number of registered warehouse receipts facing significant delivery pressure, and considerable price pressure from the new - season red dates. Red date futures may maintain a weak market. It is advisable to use options to hedge market risks [8].