瑞达期货红枣产业日报-20251120

1. Report Industry Investment Rating - No specific investment rating for the industry is provided in the report. 2. Report's Core View - The picking progress in major production areas in Xinjiang such as Alar and Aksu is around 60 - 80%. Due to the decline in spot prices, the purchasing enthusiasm of merchants in Xinjiang has weakened. According to Mysteel's survey data, as of November 14, 2025, the physical inventory of 36 sample points of red dates this week was 9,840 tons, an increase of 299 tons from last week, a month - on - month increase of 3.31% and a year - on - year increase of 141.47%. During the new season's acquisition period, merchants in Xinjiang are selectively purchasing according to their needs. It is recommended to pay attention to the new season's acquisition progress in production areas and to stay on the sidelines in the short term [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the futures main contract for red dates is 9,300 yuan/ton, with a change of 10. The main contract's open interest is 137,358 lots, a decrease of 2,102 lots. The net long position of the top 20 futures holders is - 11,206 lots, a decrease of 505 lots. The number of warehouse receipts is 0, with no change, and the total valid warehouse receipt forecasts are also 0, with no change [2]. 3.2现货市场 - In the spot market, the prices of red dates in various regions show different changes. For example, the unified - grade red date price in Kashi is 7 yuan/kg, a decrease of 0.15 yuan/kg; the wholesale price of first - grade grey dates in Hebei is 4.45 yuan/jin, with no change; the unified - grade red date price in Alar is 5.8 yuan/kg, a decrease of 0.25 yuan/kg; the unified - grade red date price in Aksu is 5.65 yuan/kg, a decrease of 0.15 yuan/kg. The prices of special - grade red dates in different regions also have different performances, with the price in Hebei increasing by 0.02 yuan/kg to 9.73 yuan/kg [2]. 3.3 Upstream Market - The annual output of red dates is 606.9 million tons, an increase of 318.7 million tons, and the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2]. 3.4 Industry Situation - The national red date inventory is 9,840 tons this week, an increase of 299 tons. The monthly export volume of red dates is 2,283,671 kg, a decrease of 81,222 kg, and the cumulative monthly export volume is 23,548,402 kg, an increase of 2,283,671 kg [2]. 3.5 Downstream Situation - The cumulative quarterly sales volume of red dates of Hao Xiang Ni is 36,480.43 tons, a decrease of 2,981.06 tons, and the cumulative year - on - year production increase rate is 1.47%, a decrease of 34.59 percentage points [2]. 3.6 Industry News - In Hebei's Cui'erzhuang market, 4 trucks of red dates arrived. The reference price for special - grade red dates is 9.50 yuan/kg, and for first - grade red dates is 8.50 yuan/kg. The enthusiasm of merchants for purchasing is average. The reference price for new - season special - grade red dates is 9.80 - 10.50 yuan/kg, and for new - season first - grade red dates is 8.80 - 9.50 yuan/kg. In Guangdong's Ruyifang market, 6 trucks of red dates arrived. The reference price for special - grade red dates is 10.80 - 12.50 yuan/kg, and for first - grade red dates is 9.80 - 10.60 yuan/kg. The quality of the arrived red dates varies, resulting in a large price difference [2].