农产品日报：苹果主产区入库基本结束，红枣剩余货源价格松动-20251121

Group 1: Report Investment Ratings - Apple investment strategy: Neutral to bullish [4] - Red date investment strategy: Neutral [8] Group 2: Core Views - Apple: The late Fuji apple's on - the - ground and warehousing transactions are winding down, with stable in - warehouse trading. The on - the - ground supply in Shandong is decreasing and the quality is declining. The high - quality apples in western regions are mainly for outbound sales, and their prices are stable. Affected by competing fruits like citrus, the market sales are average. In the short term, the market is expected to remain stable supported by foreign trade channels, and future focus should be on inventory digestion [2][3]. - Red dates: The red date futures price fluctuated and closed higher. The acquisition in Aksu and Alar is progressing rapidly, the price in Kashgar has dropped slightly with few transactions, and the acquisition in Ruoqiang and other areas is basically completed. In the sales areas, new products are gradually on the market, with uneven quality and large price differences. The inventory pressure is high, and the supply - demand contradiction has not been substantially alleviated. The market's future expectations are pessimistic. The quality of red dates is better than last year. The actual consumption at the consumer end will be a key focus [7]. Group 3: Market News and Important Data Apple - Futures: The closing price of the Apple 2601 contract yesterday was 9,496 yuan/ton, an increase of 121 yuan/ton or 1.29% from the previous day [1]. - 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 price of over - 70 semi - commercial late Fuji in Shaanxi Luochuan was 4.15 yuan/jin, unchanged from the previous day [1]. Red dates - Futures: The closing price of the Red Date 2601 contract yesterday was 9,300 yuan/ton, an increase of 10 yuan/ton or 0.11% from the previous day [5]. - Spot: The spot price of first - grade grey jujubes in Hebei was 8.80 yuan/kg, a decrease of 0.10 yuan/kg from the previous day [5]. Group 4: Market Analysis Apple - Yesterday, the apple futures price rose. The on - the - ground and warehousing transactions of late Fuji are coming to an end, with stable in - warehouse trading. The on - the - ground supply in Shandong is decreasing and the quality is declining. High - quality apples in the west are mainly for outbound sales, and their prices are stable. The market is affected by competing fruits, with average sales. In the short term, the market is supported by foreign trade channels and is expected to remain stable. Last week, the warehousing of new - season late Fuji in production areas was mostly completed, with the remaining mainly in western townships of Shandong Qixia and the paper - wrapped film production area of Shanxi Yuncheng. The warehousing volume was lower than last year, with a higher proportion of farmers' warehousing and a lower proportion of high - quality products. The outbound sales have begun, mainly for foreign - trade goods and some merchants' supplementary supplies. The sales area is in the off - season, and the sales of apples are squeezed by citrus [3]. Red dates - The red date futures price fluctuated and closed higher. The acquisition in Aksu and Alar is progressing rapidly, the price in Kashgar has dropped slightly with few transactions, and the acquisition in Ruoqiang and other areas is basically completed. The acquisition is priced according to quality, and enterprises' enthusiasm is average. In the sales areas, new products are gradually on the market, with uneven quality and large price differences. Merchants' enthusiasm for purchasing is average, and they buy according to demand. Last week, the enthusiasm for acquisition in the spot market of the sales area decreased after continuous price drops. The inventory of 36 sample points increased slightly. It is expected that new products will be listed in large quantities soon, and the inventory pressure is high. The new - season jujube trees have over - exhausted problems, and a production reduction is expected. The quality of jujubes is better than last year. The actual consumption at the consumer end will be a key focus [7].