瑞达期货红枣产业日报-20251125

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The Xinjiang main - producing area of grey dates has entered the late stage of harvest, and the acquisition progress in Aksu and other places has accelerated. As of November 19, 2025, the physical inventory of 36 sample points of red dates this week is 10,330 tons, an increase of 490 tons from last week, a month - on - month increase of 4.98% and a year - on - year increase of 101.76%. The acquisition progress in most major producing areas has reached about 50%, and the acquired goods are being shipped one after another. The prices in the sales area market continue to fall, the downstream's enthusiasm for purchasing is not high, the market transaction is average, and the short - term futures price of Zhengzhou red dates is expected to run at a low level [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract of red dates is 9,175 yuan/ton, a decrease of 50 yuan; the position of the main contract is 117,239 lots, a decrease of 4,404 lots; the net long position of the top 20 futures positions is - 7,061 lots, a decrease of 3,339 lots; the number of warehouse receipts is 0, with no change; the total number of effective warehouse receipt forecasts is 536, an increase of 108 [2] 3.2 Spot Market - The price of general red dates in Kashi is 6.8 yuan/kg, with no change; the wholesale price of first - grade grey dates in Hebei is 4.45 yuan/jin, an increase of 0.1 yuan; the price of general red dates in Alar is 5.5 yuan/kg, a decrease of 0.15 yuan; the wholesale price of first - grade grey dates in Henan is 4.45 yuan/jin, with no change; the price of special - grade red dates in Henan is 9.8 yuan/kg, with no change; the price of special - grade red dates in Hebei is 9.9 yuan/kg, an increase of 0.24 yuan; the price of special - grade red dates in Guangdong is 11.2 yuan/kg, with no change; the price of first - grade red dates in Guangdong is 10 yuan/kg, with no change [2] 3.3 Upstream Market - The annual output of red dates is 6.069 million tons, an increase of 3.187 million tons; the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2] 3.4 Industry Situation - The weekly national red date inventory is 10,330 tons, an increase of 490 tons; the monthly export volume of red dates is 2,205,220 kg, a decrease of 78,451 kg; the cumulative monthly export volume is 25,753,622 kg, an increase of 2,205,220 kg [2] 3.5 Downstream Situation - The cumulative quarterly sales volume of red dates of Hao Xiang Ni is - 2,981.06 tons; the cumulative quarterly year - on - year output growth rate is 36,480.43%, an increase of 1.47 percentage points, and the year - on - year sales volume growth rate is - 34.59% [2] 3.6 Industry News - In the Hebei Cuierzhuang market, 4 trucks of red dates arrived at the parking area, mainly off - grade products. Downstream merchants purchase as needed. The new - season purchased goods of merchants are gradually returned to the factory for processing. The reference price of new - season special - grade red dates is 9.50 - 10.50 yuan/kg, and that of new - season first - grade red dates is 8.50 - 9.50 yuan/kg. In the Guangdong Ruyifang market, 7 trucks of red dates arrived, with sufficient supply and a slight price decline. The reference price of the arrived special - grade red dates is 10.80 - 11.30 yuan/kg, and that of first - grade red dates is 9.60 - 10.20 yuan/kg. The quality of the arrived goods in the market varies, the price difference has widened, and the holders of goods sell at a discount. About 3 trucks of goods were traded in the market [2]