农产品日报：山东晚富士交易火热，广东红枣新货遇冷-20251107

Report Industry Investment Rating - The investment strategy for both apples and dates is neutral [4][8] Core Viewpoints - Apple: The apple futures price declined slightly yesterday. The ground trading in the production areas has entered the later stage, and the current focus is on the warehousing work. There is a significant price polarization: high - quality goods remain firm, while the price of common - quality goods is weak. With the warehousing work in the western regions nearing completion, Shandong has become the trading center. It is expected that the warehousing volume will be lower than last year due to continuous rainfall [1][3][4] - Date: The date futures price also declined slightly yesterday. New - crop dates are more expensive than old - crop dates, leading to low market acceptance. As the harvest progresses in Xinjiang, there are concerns about supply pressure after the concentrated listing. It is expected that the price will face downward pressure in the short term [5][7] Summary by Related Catalogs Apple Market News and Important Data - Futures: The closing price of the apple 2601 contract yesterday was 8,919 yuan/ton, a change of - 21 yuan/ton or - 0.23% from the previous day - Spot: The price of 80 first - and second - grade late Fuji in Qixia, Shandong was 3.75 yuan/jin, unchanged from the previous day; the price of over 70 semi - commercial late Fuji in Luochuan, Shaanxi was 4.15 yuan/jin, unchanged from the previous day. The spot basis AP01 was - 1419 in Qixia and - 619 in Luochuan, with a change of + 21 from the previous day [1] Market Analysis - The apple futures price declined slightly yesterday. The ground trading in the production areas has entered the later stage, and the warehousing work is the current core. There is a significant price polarization: high - quality goods are firm due to scarcity, while the price of common - quality goods is weak due to increased supply. As the warehousing work in the western regions nears completion, Shandong has become the trading center. The enthusiasm of fruit farmers for self - warehousing has increased. The commodity rate of this year's late Fuji is low, and merchants are cautious about ordering common - quality goods. The warehousing work has been progressing slowly [3] Strategy - The strategy is neutral. After entering November, the warehousing work of the new - crop Fuji has started. Due to continuous rainfall, the warehousing volume is expected to be lower than last year [4] Date Market News and Important Data - Futures: The closing price of the date 2601 contract yesterday was 9,705 yuan/ton, a change of - 35 yuan/ton or - 0.36% from the previous day - Spot: The price of first - grade grey dates in Hebei was 9.00 yuan/kg, a change of - 0.15 yuan/kg from the previous day. The spot basis CJ01 was - 705, a change of - 115 from the previous day [5] Market Analysis - The date futures price declined slightly yesterday. The arrival volume in Hebei, Guangdong and other places is acceptable, but the new - crop dates are more expensive than the old - crop dates, resulting in low market acceptance. High - cost - performance old - crop dates are more popular. As the harvest progresses in Xinjiang, there are concerns about supply pressure after the concentrated listing, and downstream procurement is cautious. It is expected that the price will face downward pressure in the short term. Overall, the supply pressure in the production areas is gradually emerging, while the demand in the sales areas is insufficient [7] Strategy - The strategy is neutral. The dates are about to be harvested. The date futures price has declined significantly recently, and market competition has intensified. Attention should be paid to changes in the purchase price and actual output [8]