瑞达期货红枣产业日报-20251105

1. Report Industry Investment Rating - No investment rating provided in the report. 2. Core View of the Report - Xinjiang merchants have high enthusiasm for purchasing red dates, actively finalizing orchards and trees, and have shipped the harvested goods to the inland. Point - price shipments by futures - cash companies have increased, and some merchants are actively purchasing old - season goods. The inventory at sample points shows an increasing trend. As of October 31, 2025, the physical inventory of 36 sample points in the red date industry this week is 9348 tons, a week - on - week increase of 245 tons, a 2.69% week - on - week increase, and a 120.78% year - on - year increase. In the sales area market, the price in the Hebei market has slightly decreased, and merchants are selectively making small - volume purchases, with the current price acceptance being average. It is expected that the production area will enter the concentrated harvesting stage in early November. It is recommended to pay attention to the changes in merchants' purchasing enthusiasm and purchase volume. In the short term, it is advisable to wait and see [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates is 9740 yuan/ton, up 45 yuan; the main contract position is 158,526 lots, down 20,402 lots; the net long position of the top 20 futures holders is - 8823 lots, up 982 lots; the number of warehouse receipts is 0, with no change; the total number of valid warehouse receipt forecasts is 0, with no change [2]. 3.2 Spot Market - The unified price of red dates in Kashgar is 7.35 yuan/kg, with no change; the wholesale price of first - grade grey dates in Hebei is 4.6 yuan/jin, down 0.1 yuan; the unified price of red dates in Alar is 7.05 yuan/kg, with no change; the wholesale price of first - grade grey dates in Henan is 4.75 yuan/jin, with no change; the unified price of red dates in Aksu is 6.65 yuan/kg, with no change; the price of special - grade red dates in Henan is 10.5 yuan/kg, with no change; the price of special - grade red dates in Hebei is 10.29 yuan/kg, down 0.06 yuan; the price of special - grade red dates in Guangdong is 11.6 yuan/kg, with no change; the price of first - grade red dates in Guangdong is 10.6 yuan/kg, with no change [2]. 3.3 Upstream Market - The annual output of red dates is 6.069 million tons, an increase of 3.187 million tons; the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2]. 3.4 Industry Situation - The national red date inventory this week is 9348 tons, an increase of 245 tons; the monthly export volume of red dates is 2,283,671 kg, a decrease of 81,222 kg; the cumulative monthly export volume is 23,548,402 kg, an increase of 2,283,671 kg [2]. 3.5 Downstream Situation - The cumulative sales volume of red dates of Hao Xiang Ni is - 2981.06 tons; the cumulative year - on - year output growth rate is 1.47%, a decrease of 34.59 percentage points [2]. 3.6 Industry News - In the Hebei Cuierzhuang market, 3 trucks of goods arrived. The reference price for first - grade red dates is 8.80 yuan/kg, and 7.60 yuan/kg for second - grade. Old - season goods are more popular than new - season goods, and the prices of all grades in the market have declined. In the Guangdong Ruyifang market, 6 trucks of goods arrived, with sufficient supply. The reference price for super - special red dates is 12.30 yuan/kg, 11.50 yuan/kg for special - grade, 10.50 yuan/kg for first - grade, and 8.80 yuan/kg for second - grade. Merchants are selectively purchasing, and the acceptance of new - season goods in the market is average [2].