瑞达期货红枣产业日报-20251110

Report Summary 1) Report Industry Investment Rating - Short - term bearish [2] 2) Core View - New - season red dates in Xinjiang's main production areas: Acquisition in areas like Hotan has ended, while the picking progress in areas such as Alar and Aksu is 30% - 40%. The enthusiasm of buyers has weakened. As of November 6, 2025, the physical inventory of 36 sample points this week was 9,541 tons, an increase of 193 tons from last week, a 2.06% week - on - week increase and a 131.35% year - on - year increase. Buyers are more interested in old goods with high cost - performance and less enthusiastic about purchasing new - season raw materials. In the sales areas, prices have slightly decreased, and downstream customers are mostly observing and purchasing as needed. [2] 3) Summary by Directory Futures Market - The closing price of the main futures contract for red dates was 9,585 yuan/ton, a decrease of 5 yuan; the main contract's open interest was 150,227 lots, a decrease of 2,353 lots; the net long position of the top 20 futures holders was - 5,456 lots, an increase of 5,826 lots; the number of warehouse receipts was 0, with no change; the total number of valid warehouse receipt forecasts was 0, with no change. [2] 现货市场 - The price of Kashgar red date bulk goods was 7.35 yuan/kg, with no change; the wholesale price of first - grade grey dates in Hebei was 4.5 yuan/jin, with no change; the price of Alar red date bulk goods was 6.65 yuan/kg, a decrease of 0.25 yuan; the wholesale price of first - grade grey dates in Henan was 4.6 yuan/jin, a decrease of 0.05 yuan; the price of Aksu red date bulk goods was 6.6 yuan/kg, with no change; the price of special - grade red dates in Henan was 10.3 yuan/kg, with no change; the price of special - grade red dates in Hebei was 10.09 yuan/kg, a decrease of 0.09 yuan; the price of special - grade red dates in Guangdong was 11.5 yuan/kg, with no change; the price of first - grade red dates in Guangdong was 10.3 yuan/kg, a decrease of 0.2 yuan. [2] Upstream Market - The annual red date production was 6.069 million tons, an increase of 3.187 million tons; the planting area was 1.993 million hectares, a decrease of 41,000 hectares. [2] Industry Situation - The national red date inventory was 9,541 tons this week, an increase of 193 tons; the monthly red date export volume was 2,283,671 kg, a decrease of 81,222 kg; the cumulative monthly red date export volume was 23,548,402 kg, an increase of 2,283,671 kg. [2] Downstream Situation - The cumulative quarterly sales volume of red dates by Hao Xiang Ni was 36,480.43 tons, and the cumulative quarterly production year - on - year growth rate was 1.47%, a decrease of 34.59 percentage points. [2] Industry News - In Hebei's Cui'erzhuang market, 10 trucks of red dates arrived. The reference price for special - grade was 9.80 - 10.50 yuan/kg, first - grade was 8.80 yuan/kg, and second - grade was 7.60 - 7.80 yuan/kg. Old goods were more popular than new goods, and the trading volume was small. In Guangdong's Ruyifang market, 6 trucks of red dates arrived. The market supply was sufficient. The price of new goods was higher, and the market acceptance was low. Prices were weakly stable, and buyers purchased as needed. [2]