分化明显：长江期货鲜果周报-20251114

Report Industry Investment Rating No relevant content provided. Core View of the Report The report presents a weekly analysis of the apple and red date markets, indicating that the apple market is showing strong upward momentum while the red date market is experiencing weak and fluctuating trends [3][5][37]. Summary by Relevant Catalogs Apple: Strong Upward Trend Weekly View - New - season late Fuji apple storage is nearly finished, with remaining work in Shandong Qixia and Shanxi Yuncheng. Outbound work has started, mainly for foreign trade and some merchants restocking. The sales area is in the off - season, and the increase in citrus volume squeezes the apple sales space [9]. Market Review - The apple main contract showed a strong upward trend this week, and the apple basis was - 519 yuan, a decrease of 367 yuan compared to last week [13]. Apple Wholesale Market Price Trend - As of November 7, 2025, the wholesale price of all apple varieties was 9.49 yuan/kg, up 0.03 yuan/kg from last week; the wholesale price of Fuji apples was 9.04 yuan/kg, down 0.11 yuan/kg from last week. The spot price of Fuji apples has been fluctuating downward recently [16]. Main Apple - producing Areas - In Shandong, the transaction price of late Fuji varies by grade. In Shaanxi, the ex - warehouse price of fruit farmers' general goods also has different ranges in different regions [21]. Cold - storage Situation - As of November 12, 2025, the apple cold - storage inventory in the main producing areas was 764.24 million tons, an increase of 65.81 million tons from last week, 10.59% lower than the same period last year [23]. Sales Area Market Summary - In the South China market, the daily average number of arriving vehicles in the Guangdong Chalong market changed little. The prices of different varieties and packaging of apples vary, and the overall sales of new - season late Fuji are slow [26]. Apple Storage Profit Analysis - During the 2025 - 2026 production season's acquisition stage, the profit statistics of storage merchants for 80 first - and second - grade apples in Qixia are suspended [30]. Substitute Price Analysis - As of the 46th week of 2025, the average wholesale price of six fruits monitored by the Ministry of Agriculture and Rural Affairs was 7.01 yuan/kg, down 0.09 yuan/kg from the 45th week. Most of the six types of fruits saw price drops this week [33]. Red Dates: Weak and Fluctuating Weekly View - In the Xinjiang main producing area, the acquisition in some areas is ending or nearly finished, and the procurement enthusiasm of merchants in Xinjiang has weakened due to the decline in both futures and spot prices. The prices in the Hebei sales area have dropped slightly [40]. Market Review - The procurement enthusiasm of merchants in Xinjiang is low. The acquisition progress in some areas has accelerated, and some farmers' price - holding sentiment has loosened. The acquisition of raw materials in the producing area is based on quality, and enterprises' acquisition enthusiasm is average [43]. Spot Price Trend - In the Hebei Cuierzhuang market, the arrival volume is about 40 vehicles, and the average prices of special - grade and first - grade dates have decreased. In the Henan market, the prices are weakly running. In the Guangdong Ruyifang market, the arrival volume is stable, and the prices have dropped slightly [47]. Inventory Data - According to Mysteel's survey, the physical inventory of 36 sample points this week was 9840 tons, an increase of 299 tons from last week, a 3.31% month - on - month increase and a 141.47% year - on - year increase [49]. Sales Area Market Profit Analysis - The average acquisition price of gray dates in the Xinjiang main producing area is 5.33 yuan/kg (2024 production season). The first - grade finished product price in the Hebei sales area is 8.80 - 9.00 yuan/kg, and the gross profit is 1.72 yuan/kg, a decrease of 0.25 yuan/kg from last week [51].