瑞达期货红枣产业日报-20251210

Report Summary 1. Report Industry Investment Rating No investment rating is provided in the report. 2. Core Viewpoints - The acquisition of grey jujubes in the main production areas of Xinjiang is nearing completion, with an overall progress of about 90%. As of December 4, 2025, the physical inventory of 36 sample points of jujubes this week was 13,910 tons, an increase of 3,062 tons from last week, a month - on - month increase of 28.23%, and a year - on - year increase of 135.16% [2]. - This week, the acquisition progress of jujubes in the Third Agricultural Division of Xinjiang and Maigaiti area has accelerated. Enterprises and merchants from various places have high enthusiasm for procurement, and the order signing volume has increased significantly. The prices of products in the sales areas have also stabilized. With the increase in downstream procurement, some holders have tentatively adjusted their quotes slightly. The subsequent actual sales volume should be noted. In the short term, the price center has begun to rise. If the actual demand improves, the probability of price rebound will increase [2]. 3. Summary by Directory Futures Market - The closing price of the main futures contract for jujubes was 9,290 yuan/ton, with a week - on - week increase of 55 yuan/ton. The position of the main contract was 105,657 lots, with a week - on - week increase of 43,099 lots [2]. - The net long position of the top 20 futures holders was - 16,060 lots, with a week - on - week increase of 456 lots. The number of warehouse receipts was 850 sheets, with a week - on - week increase of 164 sheets. The total number of effective warehouse receipt forecasts was 642 sheets, with a week - on - week decrease of 164 sheets [2]. Spot Market - The prices of jujube bulk goods in Kashgar, Alar, and Aksu remained unchanged at 6.5 yuan/kg, 5.65 yuan/kg, and 5.15 yuan/kg respectively. The wholesale prices of first - grade grey jujubes in Hebei and Henan were 4.4 yuan/jin and 4.45 yuan/jin respectively, remaining unchanged [2]. - The prices of special - grade jujubes in Henan, Hebei, and Guangdong were 9.9 yuan/kg, 9.84 yuan/kg, and 10.8 yuan/kg respectively. The price of Hebei jujubes increased by 0.02 yuan/kg week - on - week, while the others remained unchanged. The price of first - grade jujubes in Guangdong was 9.6 yuan/kg, remaining unchanged [2]. Upstream Market - The annual jujube output was 6.069 million tons, with an increase of 3.187 million tons compared to the previous year. The planting area was 1.993 million hectares, with a decrease of 41,000 hectares compared to the previous year [2]. Industry Situation - The national jujube inventory was 13,910 tons, with an increase of 3,062 tons compared to the previous week. The monthly jujube export volume was 2,205,220 kg, with a decrease of 78,451 kg compared to the previous month. The cumulative monthly jujube export volume was 25,753,622 kg, with an increase of 2,205,220 kg [2]. Downstream Situation - The cumulative quarterly sales volume of jujubes of Hao Xiang Ni was 36,480.43 tons, with a decrease of 2,981.06 tons compared to the previous period. The cumulative year - on - year production growth rate of jujubes was 1.47%, with a decrease of 34.59 percentage points compared to the previous period [2]. Industry News - The trading in the Cui'erzhuang market in Hebei was mainly for new products. After the new - season harvest, the products were gradually sent back to the factory for processing. At the end of the acquisition in the production area, the procurement cost of merchants was clear, and the enthusiasm of downstream buyers increased, resulting in a stable and firm spot price. In the Ruyifang market in Guangdong, 2 trucks of goods arrived, the mainstream spot price was stable, and downstream merchants purchased according to demand [2].