农产品日报：苹果稳中上行，红枣承压下跌-20250930

Report Industry Investment Rating - The investment rating for both apples and red dates is neutral [3][7] Core Viewpoints - For apples, the current inventory level is low, providing price support at the bottom. High - quality new - season apples have relatively high prices, which affects the sales of inventory apples. Short - term prices are expected to remain stable [3] - For red dates, if the production and quality are lower than expected, the upward trend may continue. Otherwise, the futures price will face a volatile pattern with limited upside and strong downside support [7] Market News and Important Data Apples - Futures: The closing price of the apple 2601 contract yesterday was 8486 yuan/ton, up 85 yuan/ton or 1.01% from the previous day [1] - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 3.80 yuan/jin, unchanged from the previous day; the price of 70 and above semi - commercial late Fuji in Shaanxi Luochuan was 4.80 yuan/jin, unchanged from the previous day [1] Red Dates - Futures: The closing price of the red date 2601 contract yesterday was 10915 yuan/ton, down 370 yuan/ton or 3.28% from the previous day [4] - Spot: The price of first - grade grey dates in Hebei was 9.50 yuan/kg, unchanged from the previous day [4] Market Analysis Apples - The apple futures price rose slightly yesterday, while the mainstream apple prices in Shandong and Shaanxi remained stable. New - season late Fuji and early - picked Fuji had active transactions. The double - festival stocking entered the later stage last week, and late Fuji in the east and west entered the bag - removing period. The inventory apples in Shandong had slow sales, and the early - picked Fuji in the west was affected by rain, with a shorter high - grade acquisition period [2] Red Dates - The red date futures price dropped significantly yesterday, and the price of first - grade grey dates in Hebei remained stable. The procurement by merchants in the sales areas was cautious, and inventory removal was slow. The 2024 production season had large production and high inventory but poor quality. The new - season production is expected to decrease, and the market has differences in fruit quality [6] Strategy Apples - The strategy is neutral. With the low inventory level, the price has bottom support, and short - term prices are expected to be stable [3] Red Dates - The strategy is neutral. The price trend depends on whether the production and quality meet expectations [7]