瑞达期货红枣产业日报-20251027

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core View - The probability of the jujube price continuing to decline increases as the supply - side pressure will gradually emerge in the future market. Attention should be paid to the mainstream purchase price and quality of new jujubes [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the main jujube futures contract is 10,390 yuan/ton, down 360 yuan; the main contract's open interest is 185,516 lots, down 2,314 lots; the net long position of the top 20 futures holders is - 4,828 lots, up 5,613 lots; the number of warehouse receipts is 0; the total effective warehouse receipt forecast is 0 [2] Spot Market - The unified price of Kashi jujubes is 7.5 yuan/kg, unchanged; the wholesale price of first - class Hebei gray jujubes is 4.8 yuan/jin, up 0.05 yuan; the unified price of Alar jujubes is 7.15 yuan/kg, unchanged; the wholesale price of first - class Henan gray jujubes is 4.75 yuan/jin; the unified price of Aksu jujubes is 6.75 yuan/kg, unchanged; the price of Henan's special - grade jujubes is 10.5 yuan/kg, unchanged; the price of Hebei's special - grade jujubes is 10.64 yuan/kg, down 0.01 yuan; the price of Guangdong's special - grade jujubes is 11.6 yuan/kg, unchanged; the price of Guangdong's first - class jujubes is 10.6 yuan/kg, unchanged [2] Upstream Market - The annual jujube output is 6.069 million tons, up 3.187 million tons; the jujube planting area is 1.993 million hectares, down 41,000 hectares [2] Industry Situation - The national jujube inventory is 9,103 tons, up 94 tons; the monthly jujube export volume is 2,283,671 kg, down 81,222 kg; the cumulative monthly jujube export volume is 23,548,402 kg, up 2,283,671 kg [2] Downstream Situation - The cumulative quarterly jujube sales volume of HaoXiangNi is - 2,981.06 tons; the cumulative quarterly jujube output of HaoXiangNi is 36,480.43 tons, with a year - on - year increase of 1.47%; the cumulative quarterly jujube sales volume of HaoXiangNi has a year - on - year decrease of 34.59% [2] Industry News - In the Hebei Cuierzhuang market, a small amount of goods arrived at the parking area, and the prices were stable. A small amount of new goods arrived, with the reference price of special - grade jujubes at 11.50 yuan/kg and first - class jujubes at 10.50 yuan/kg, and the trading was average. In the Guangdong Ruyifang market, 6 trucks of goods arrived, and the prices were stable, with high - quality goods showing a stronger trend, and merchants purchasing according to demand. Affected by the solar terms, the gray jujube harvest time is earlier than last year, and the market focus is on the goods available for making warehouse receipts [2] Viewpoint Summary - As of October 23, 2025, the physical inventory of 36 sample points of jujubes this week is 9,103 tons, an increase of 94 tons from last week, a month - on - month decrease of 1.04%, and a year - on - year increase of 109.22%. The new - season jujubes have not been fully harvested, but inland jujube merchants have gone to the production areas to purchase goods. Some merchants are actively ordering new - season raw materials, and some are purchasing old - season jujubes. The purchase progress in Hotan and Qiemo areas is relatively fast [2]