农产品日报：晚富士多产区以质论价，红枣新货接受度一般-20251120

Group 1: Apple Report Industry Investment Rating - Neutral [4] Core Viewpoints - Apple futures prices fluctuated and closed lower yesterday. The ground and warehousing transactions of late Fuji apples are gradually winding up, and the in - warehouse transactions are stable. The price of high - quality goods is firm, but the market sales are average due to the impact of citrus competitors. The short - term market is expected to be stable with support, and future attention should be paid to inventory digestion [3]. Summary by Related Catalogs Market News and Important Data - Futures: The closing price of the Apple 2601 contract yesterday was 9375 yuan/ton, a change of - 58 yuan/ton from the previous day, a decrease of 0.61%. - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 3.75 yuan/jin, unchanged from the previous day. The spot basis AP01 was - 1875, a change of + 58 from the previous day. The price of semi - commercial late Fuji above 70 in Shaanxi Luochuan was 4.15 yuan/jin, unchanged from the previous day. The spot basis AP01 was - 1075, a change of + 58 from the previous day [1]. Recent Market Information - The ground and warehousing transactions of late Fuji are gradually winding up, and the in - warehouse transactions are stable. The western outbound is still concentrated in Gansu and Shaanxi Xunyi. The market supply in Shandong is decreasing, and the quality of ground goods is declining. The price of high - quality goods is stable, and the short - term market is expected to be stable. Currently, affected by citrus and other competing fruits, the market sales are average, and future attention should be paid to the market's digestion ability of inventory goods [2]. Market Analysis - Apple futures prices fluctuated and closed lower yesterday. The warehousing volume is lower than the same period last year, and the proportion of high - quality goods in the warehousing structure has decreased. The outbound work has started, but the goods flowing to the market are limited. The sales area is in the off - season, and the sales space of apples is squeezed by citrus. The price is generally stable, and this week, attention should be paid to the completion of warehousing in Shandong and Shanxi and the outbound speed in the west [3]. Strategy - The strategy is neutral. The supply of late Fuji has increased, but the commodity rate this year is low. Merchants are cautious about ordering general goods. The warehousing work is gradually entering the later stage, and the warehousing volume is lower than the same period last year [4]. Group 2: Red Dates Report Industry Investment Rating - Neutral [8] Core Viewpoints - Red date futures prices showed a downward trend yesterday. The purchase price of red dates in some areas has been slightly reduced, and the purchase progress is fast. The new goods in the sales areas have limited arrivals, and the quality is uneven, resulting in a wide price difference. The short - term spot price is expected to be weakly stable. The new goods are expected to be concentrated on the market soon, and the inventory pressure is high. The market's future expectations are pessimistic [7]. Summary by Related Catalogs Market News and Important Data - Futures: The closing price of the Red Date 2601 contract yesterday was 9290 yuan/ton, a change of - 35 yuan/ton from the previous day, a decrease of 0.38%. - Spot: The spot price of first - grade grey dates in Hebei was 8.90 yuan/kg, unchanged from the previous day. The spot basis CJ01 was - 390, a change of + 35 from the previous day [5]. Recent Market Information - The purchase price of red dates in Aksu and Alar areas has been slightly reduced, and the purchase progress is fast. Other production areas are mostly near the end of the purchase, adhering to the principle of high - quality and high - price. The enthusiasm of enterprises for purchase is average. The new goods in the sales areas of Hebei and Guangdong have limited arrivals, and the quality is uneven, resulting in a wide price difference. The enthusiasm of merchants for purchasing is average. The new goods in the Hebei sales area are on the market in small quantities, and downstream merchants purchase on demand. The short - term spot price is expected to be weakly stable [6]. Market Analysis - Red date futures prices showed a downward trend yesterday. The purchase price of red dates in some areas has been slightly reduced, and the purchase progress is fast. The new goods in the sales areas have limited arrivals, and the quality is uneven, resulting in a wide price difference. The short - term spot price is expected to be weakly stable. The purchase enthusiasm in the sales area has decreased, and the new goods are not well - received. The inventory of 36 sample points has increased slightly. The new season's jujube trees have over - exhausted problems, and the production reduction is an expected situation. The quality of jujube fruits is better than that of the same period last year. The actual consumption at the consumer end will be another focus of the market [7]. Strategy - The strategy is neutral. Recently, red date futures have fallen significantly for four consecutive weeks, and the market game has increased. The market expectations are relatively pessimistic. According to the modification of the red date delivery rules by the Zhengzhou Commodity Exchange in 2025, old - season red dates can still participate in delivery and the cost is lower than that of new - season red dates, so the near - month contracts may still have a certain downward space [8].