农产品日报：洛川晚富士价格拉升，河北红枣价格松动-20251112

Report Summary 1. Report Industry Investment Ratings - Apple: Neutral - Bullish [4] - Red Dates: Neutral [8] 2. Core Views - Apple: The current apple spot market is at a seasonal transition point, with cold - storage trading becoming dominant. Short - term price trends depend on the final storage scale and inventory structure, and high - quality apples are expected to maintain a stable and firm price. The year's commodity rate is low, and the inventory volume is lower than the same period last year [3][4]. - Red Dates: The red date futures price dropped slightly. The acquisition progress in Xinjiang has accelerated, and farmers' price - holding sentiment has weakened. The current harvesting progress is about 40% - 50%. The supply - demand contradiction has not been substantially alleviated, and the market has a pessimistic outlook. The actual consumption situation during the consumption season will be a key focus [7]. 3. Summaries by Related Catalogs Apple - Market News and Key Data: The closing price of the apple 2601 contract was 9229 yuan/ton yesterday, up 70 yuan/ton (+0.76%) from the previous day. The price of Shandong Qixia 80 first - and second - grade late Fuji was 3.75 yuan/jin, unchanged from the previous day. The price of Shaanxi Luochuan 70 semi - commodity late Fuji was 4.15 yuan/jin, unchanged from the previous day [1]. - Recent Market Information: The ground trading in late Fuji producing areas has ended, and cold - storage trading has begun. The acquisition of small fruits is active, and farmers are selling at market prices. The cold - storage trading in Gansu and Shaanxi has started, and the same - quality ex - warehouse prices are firmer than during the acquisition period. It is expected that high - quality apple prices will remain stable and firm in the short term, and general - quality apple prices will remain stable. The peak of cold - storage entry may occur this week [2]. - Market Analysis: The apple futures price rose slightly. The short - term price trend depends on the final storage scale and inventory structure. The ground trading in Shandong and Shanxi has ended, and the cold - storage entry work is in the later stage. The trading atmosphere in the sales areas is still weak, and the demand side is under pressure. The ex - warehouse prices of farmers' apples in Shaanxi and Gansu are about 0.3 yuan higher than the ground prices [3]. - Strategy: Neutral - bullish. The supply of late Fuji has increased, but the annual commodity rate is low. Merchants are cautious about ordering general - quality apples. The cold - storage entry work is in the later stage, and the inventory volume is lower than last year [4]. Red Dates - Market News and Key Data: The closing price of the red date 2601 contract was 9495 yuan/ton yesterday, down 90 yuan/ton (-0.94%) from the previous day. The spot price of first - grade grey dates in Hebei was 9.00 yuan/kg, unchanged from the previous day [5]. - Recent Market Information: The acquisition progress in Aksu and Alar has accelerated, and the prices have slightly decreased by 0.20 yuan/kg. The acquisition in Hotan and Qiemo has basically ended. The new red dates in the Hebei sales area have been slightly listed, and downstream merchants are purchasing cautiously. It is expected that the spot prices will remain stable in the short term [6]. - Market Analysis: The red date futures price dropped slightly. The acquisition of long - staple cotton in Xinjiang is in the middle stage, and the acquisition progress in Aksu and Alar has accelerated. Farmers' price - holding sentiment has weakened. The new red dates in the Hebei sales area have been slightly listed, and downstream purchasing is cautious. It is expected that the spot prices will remain stable in the short term. The new - season jujube trees have over - exhausted, and a production reduction is a normal expectation. The jujube quality is better than last year. The actual consumption situation during the consumption season will be a key focus [7]. - Strategy: Neutral. The red date futures have dropped significantly recently, and market gaming has increased. The new - season red dates in the main producing areas have not been fully harvested. Attention should be paid to changes in acquisition prices, jujube quality, and consumption during the peak season [8].