红枣期货周报：红枣期货高位维持震荡弱势调整-20250915

Report Summary 1. Investment Rating No investment rating is provided in the report. 2. Core View During the week of 20250908 - 20250912, the jujube futures maintained a high - level shock and had a weak adjustment [2]. 3. Summary by Directory 3.1 Futures Market - Main Contract Price: The jujube futures mainly fluctuated during the week, breaking below the middle track of the Bollinger Bands to find support below. The trading volume decreased while the open interest remained unchanged. The CJ2601 contract of jujube futures opened at 10,960 yuan, 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. The open interest was 133,000 lots, an increase of 2,343 lots compared with last week. The trading volume was 558,000 lots, a decrease of 161,000 lots compared with last week [3]. - Sub - main Contract Price: The CJ2605 sub - main contract of jujube futures mainly fluctuated and had a rebound during the week. The trading volume decreased while the open interest increased. The contract opened at 11,090 yuan, 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. The open interest was 49,154 lots, an increase of 3,097 lots compared with last week. The trading volume was 83,574 lots [5]. 3.2 Market Outlook The jujube futures broke below the middle track of the Bollinger Bands and rebounded slightly, and the market weakened. Currently, the jujube inventory is high, and the consumption boost is not obvious. With the upcoming listing of new - season jujubes, the support for jujube prices has weakened. The market is under pressure due to high inventory, a large number of registered warehouse receipts facing significant delivery pressure, and considerable price pressure from the new jujube listing. The jujube market may maintain a weak trend. It is advisable to use options to hedge market risks [8].