瑞达期货红枣产业日报-20251203

1. Report Industry Investment Rating - No information provided on the report industry investment rating 2. Core View of the Report - The new - season red dates in Xinjiang's main production areas: the procurement in Hotan, Qiemo, and Ruoqiang areas has ended, and the procurement progress in other areas is about 80%. The prices in the production areas tend to operate weakly. The procurement of raw materials in the production areas is priced according to quality, adhering to the principle of high - quality products at high prices, and the enthusiasm of enterprises for procurement is average. As of November 28, 2025, the physical inventory of 36 sample points of red dates this week was 10,848 tons, an increase of 518 tons from last week, a month - on - month increase of 5.01% and a year - on - year increase of 90.32%, indicating an increase in sample - point inventory. Small and medium - sized merchants are the main procurement entities, and Cangzhou merchants are the main procurement force in the market currently. In the short term, the futures price of Zhengzhou red dates may remain weak. The follow - up needs to closely monitor the procurement progress of the remaining goods in each production area. [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates was 9,055 yuan/ton, a decrease of 55 yuan; the main contract's open interest was 91,023 lots, a decrease of 2,610 lots. The net long position of the top 20 futures holders was - 15,594 lots, a decrease of 1,672 lots. The number of warehouse receipts was 624, an increase of 108; the total valid warehouse receipt forecast was 820, a decrease of 108. [2] 3.2现货市场 - The prices of red dates in different regions: the unified - grade red date price in Kashi was 6.15 yuan/kg (unchanged); the first - grade grey date wholesale price in Hebei was 4.25 yuan/jin, a decrease of 0.05 yuan; the unified - grade red date price in Alar was 5.4 yuan/kg (unchanged); the first - grade grey date wholesale price in Henan was 4.3 yuan/jin, a decrease of 0.1 yuan; the unified - grade red date price in Aksu was 5 yuan/kg (unchanged); the special - grade red date price in Henan was 9.8 yuan/kg (unchanged); the special - grade red date price in Hebei was 9.75 yuan/kg, a decrease of 0.01 yuan; the special - grade red date price in Guangdong was 10.8 yuan/kg (unchanged); the first - grade red date price in Guangdong was 9.6 yuan/kg (unchanged). [2] 3.3 Upstream Market - The annual output of red dates was 6.069 million tons, an increase of 3.187 million tons; the planting area was 1.993 million hectares, a decrease of 41,000 hectares. [2] 3.4 Industry Situation - The national red date inventory this week was 10,848 tons, an increase of 518 tons. The monthly export volume of red dates was 2,205,220 kg, a decrease of 78,451 kg; the cumulative monthly export volume was 25,753,622 kg, an increase of 2,205,220 kg. [2] 3.5 Downstream Situation - The cumulative sales volume of red dates of Hao Xiang Ni in the quarter was 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year production growth rate was 1.47%, a decrease of 34.59 percentage points. [2] 3.6 Industry News - Currently, the procurement progress of grey dates in Xinjiang's production areas is about 80%. The procurement speed in the Third Division and Maigaiti areas has increased, and there are only some sellers with average - quality products and those insisting on high prices left in each production area. The mainstream price of general - grade dates in Aksu is 4.80 - 5.20 yuan/kg, in Alar is 5.00 - 5.80 yuan/kg, in Kashi's regimental farms is 6.00 - 6.50 yuan/kg, and in Maigaiti is 5.80 - 6.30 yuan/kg. [2]