农产品日报：苹果产区价差悬殊，广东红枣到货激增-20251017

1. Report Industry Investment Ratings - Apple: Neutral to bullish [3] - Red dates: Neutral [7] 2. Core Views of the Report - Apple: The futures price of apples fluctuated and declined yesterday, while the spot market showed a pattern of active trading in the west and sluggish trading in Shandong. The prices of high - quality apples in Shaanxi and Gansu remained stable and firm, while trading in Shandong was sporadic due to the small quantity and average quality of red apples. The price of high - quality apples will remain stable and firm, and the price of average - quality apples will be difficult to strengthen. The subsequent focus is on the game between merchants' purchasing mentality and fruit farmers' selling mentality [2]. - Red dates: The futures price of red dates fluctuated and rose yesterday. The new - season red dates in Xinjiang are about to be harvested, and the stocking of mainland merchants has begun. The short - term spot price is expected to remain stable. The market has a relatively certain judgment on the yield trend, and the quality of red dates is better than that of the same period last year. If the yield and quality fall short of expectations, the upward trend of red dates may continue; otherwise, the futures price will be in a volatile pattern [6][7]. 3. Summary by Related Catalogs Apple Market News and Important Data - Futures: The closing price of the Apple 2601 contract yesterday was 8,510 yuan/ton, down 155 yuan/ton or 1.79% from the previous day. - Spot: The price of semi - commercial late Fuji apples above 70 in Luochuan, Shaanxi was 3.85 yuan/jin, unchanged from the previous day. The spot basis was AP01 + - 810, up 155 from the previous day. The prices of late Fuji apples in different regions showed significant differences, with the prices in Shaanxi and Gansu being relatively high and that in Shandong being relatively low [1]. Market Analysis - The futures price of apples fluctuated and declined yesterday. The spot market was divided, with active trading in the west and sluggish trading in Shandong. The continuous rainy weather affected the coloration of apples in the production areas, delaying the concentrated listing time of red apples. After the Double Festival, the demand did not improve significantly. The price of high - quality apples remained stable and firm, and the price gap between high - quality and average - quality apples was obvious [2]. Strategy - The strategy for apples is neutral to bullish. The late Fuji apples are sporadically on the market, and the acquisition period may be shortened. It is expected that the price of high - quality apples will remain stable and firm, and the price gap will be obvious [3]. Red Dates Market News and Important Data - Futures: The closing price of the Red Dates 2601 contract yesterday was 11,360 yuan/ton, up 255 yuan/ton or 2.30% from the previous day. - Spot: The spot price of first - grade gray dates in Hebei was 9.50 yuan/kg, unchanged from the previous day. The spot basis was CJ01 - 1860, down 255 from the previous day. The new - season red dates in Xinjiang are about to be harvested, and the stocking of mainland merchants has begun. The order - signing process in different regions is progressing, but the current price is not representative [4]. Market Analysis - The futures price of red dates fluctuated and rose yesterday. The new - season red dates in Xinjiang are about to be harvested, and the stocking of mainland merchants has begun. The short - term spot price is expected to remain stable. The inventory pressure is still there, and the supply - demand contradiction has not been substantially alleviated. The market has a relatively certain judgment on the yield trend, and the quality of red dates is better than that of the same period last year [6]. Strategy - The strategy for red dates is neutral. If the yield and quality fall short of expectations, the upward trend of red dates may continue; otherwise, the futures price will be in a volatile pattern. Attention should be paid to consumption, new - season quality, and yield changes [7].