Group 1: Report Summary - Report industry investment rating: Not provided - Core view: This week, the price of the apple futures 2601 contract slightly declined, with a weekly drop of 0.67%. New - season apples in Shandong have a wide price range due to quality differences. Western early - maturing Fuji trading is nearing the end, and the picking of late - maturing Fuji is sporadic. The inventory of apples in cold storage has decreased, but the de - stocking speed in Shandong has slowed down. The market has high expectations for the opening price of late - maturing Fuji, providing some support. It is recommended to take a short - term long - thinking approach for the apple 2601 contract [6]. - Strategy suggestion: Operate with a short - term long - thinking approach for the apple 2601 contract [6]. - Future trading tips: Monitor the listing volume of mid - maturing Fuji and consumption [6]. Group 2: Futures Market - This week, the price of the apple futures 2601 contract slightly declined, with a weekly drop of 0.67%. The latest price was 8273, a decrease of 13 or 0.16%. The trading volume was 43,709, and the open interest was 83,173 [9][11]. - As of this week, the net position of the top 20 in apple futures was 1,065 lots, and the number of apple futures warehouse receipts was 0 [17]. Group 3: Spot Market - As of September 19, 2025, the mainstream price of 80 and above first - and second - grade fruit farmer goods of bagged red Fuji in Qixia, Yantai, Shandong was 3.7 yuan per jin; the price of bagged 75 and above Fuji apples in Yiyuan, Shandong was 2.3 yuan per jin [20]. Group 4: Industry Chain Supply - side - As of September 17, 2025, the inventory of apples in cold storage in the main producing areas across the country was 163,200 tons, a decrease of 45,900 tons from last week [28]. Demand - side - As of September 19, the average daily early - morning arrival of trucks in the main apple wholesale markets in Guangdong increased. The profit of 80 first - and second - grade apple storage merchants was 0.30 yuan per jin [32]. - As of September 12, 2025, the wholesale price of all apple varieties was 9.70 yuan per kilogram, a week - on - week decrease of 0.06 yuan per kilogram; the wholesale price of Fuji apples was 9.38 yuan per kilogram, with no week - on - week change [37]. - As of September 12, 2025, the weekly average wholesale price of 5 fruits (including Fuji apples, bananas, grapes, pears, and watermelons) was 6.90 yuan per kilogram, with no week - on - week change [41]. - As of July 31, 2025, the monthly export volume of apples was 50,000 tons; the monthly export value was 632.84 million US dollars, a month - on - month increase of 46.13%; the cumulative export value was 4.88289 billion US dollars, a month - on - month increase of 14.89% [45]. Group 5: Option Market - The implied volatility of at - the - money options for apples this week is presented in the relevant chart [46]. Group 6: Futures - Stock Correlation - The price - to - earnings ratio chart of Honghui Fruit is presented [48].
苹果市场周报-20250919
Rui Da Qi Huo·2025-09-19 10:36