格林大华期货早盘提示：苹果-20251020

Report Summary 1) Report Industry Investment Rating - The investment rating for the apple variety in the agricultural, forestry, and livestock sector is bullish [1]. 2) Core View of the Report - Apple futures prices have corrected, and the main contract has shifted. The closing price of the 2601 contract is 8625 yuan/ton, up 1.35%. The overall market shows a game situation where fruit farmers are waiting and merchants are purchasing on demand. New - season late - Fuji large - scale trading still depends on the coloring and ripening process. It is recommended to go long on the AP2601 contract on dips [1]. 3) Summary by Related Catalog a) Market Review - Apple futures prices have corrected, and the main contract has shifted. The closing price of the 2601 contract is 8625 yuan/ton, with a 1.35% increase [1]. b) Important Information - In Shandong, the price of bagged late - Fuji 80 (striped red, first and second - grade) is 3.80 - 4.00 yuan/jin; for bagged late - Fuji over 80 (striped red, general goods), it is 3.00 - 3.50 yuan/jin; for bagged late - Fuji over 80 third - grade, it is 2.50 - 2.80 yuan/jin; and for striped 80 first and second - grade, it is 4.10 - 4.50 yuan/jin. - In Shaanxi, the price of bagged late - Fuji starting from 70 semi - commercial is 4.70 - 4.80 yuan/jin. In the Weinan production area, there is a small amount of merchant - sourced goods left in cold storage, mainly self - shipped, with little purchase for transfer, and the market is stable. The current price of late - Fuji over 75 general goods is about 4.00 yuan/jin. - In Gansu, the price of late - Fuji over 75 mountain semi - commercial fruit in Renda Town's inventory is about 4.50 yuan/jin [1]. c) Market Logic - Rainfall in apple - producing areas such as Shaanxi, Gansu, and Shandong has ended, and the coloring progress of apples has accelerated. Fruit farmers are picking. Western merchants are concentrated in high - quality producing areas in Gansu and Shaanxi to order high - quality goods, and some Shandong merchants go to Liaoning to purchase. The Liaoning production area has active transactions, with high prices for good goods and prices determined by quality for general goods. The market is slightly differentiated. Overall, there is a game between fruit farmers' waiting and merchants' on - demand purchasing, and large - scale trading of new - season late - Fuji still awaits the coloring and ripening process [1]. d) Trading Strategy - Go long on the AP2601 contract on dips [1].