瑞达期货红枣产业日报-20251215

1. Report Industry Investment Rating - There is no information about the industry investment rating in the report. 2. Core View of the Report - As the new jujube harvest progresses, the production in each producing area is becoming clearer. As of December 11, 2025, the physical inventory of 36 sample points of jujubes this week was 15,790 tons, an increase of 1,880 tons from last week, a month - on - month increase of 13.52% and a year - on - year increase of 22.01%. The inventory of sample points increased month - on - month. In the 2025 production season, the acquisition structure of grey jujubes was scattered, large enterprises had a limited acquisition cycle, some large enterprises did not conduct harvesting, and most of the goods were concentrated in the hands of small and medium - sized merchants in the inland. With the carry - over inventory of old jujubes and the new supply, the overall jujube supply was relatively loose, while downstream consumption lacked highlights. There was little obvious increase in the deep - processing and terminal markets. With two months until the Spring Festival, the peak - season consumption situation should be monitored [2]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for jujubes was 9,025 yuan/ton, the main contract position was 119,469 lots (a decrease of 5,836 lots), the net long position of the top 20 futures holders was - 8,903 lots, the number of warehouse receipts was 883 (unchanged), and the total valid warehouse receipt forecast for jujubes was 769 [2]. 3.2 Spot Market - The prices of jujube varieties in different regions remained stable. For example, the unified price of Kashgar jujubes was 6.5 yuan/kg, the wholesale price of first - grade grey jujubes in Hebei was 4.4 yuan/jin, and the price of special - grade jujubes in Guangdong was 10.6 yuan/kg [2]. 3.3 Upstream Market - The annual jujube production was 318.7 million tons, and the planting area was 199.3 million hectares (a decrease of 4.1 million hectares) [2]. 3.4 Industry Situation - The national jujube inventory was 15,790 tons (a weekly increase of 1,880 tons), the monthly jujube export volume was 2,205,220 kg (a decrease of 78,451 kg), and the cumulative monthly jujube export volume was 25,753,622 kg [2]. 3.5 Downstream Situation - The cumulative sales volume of jujubes of Hao Xiang Ni was 36,480.43 tons, and the cumulative year - on - year production growth rate was 1.47% (a decrease of 34.59 percentage points) [2]. 3.6 Industry News - The acquisition of grey jujubes in Xinjiang producing areas was nearing completion. There was little remaining and tradable supply in each producing area. The mainstream prices of general - grade jujubes in different areas were as follows: 5.00 - 5.30 yuan/kg in Aksu, 5.50 - 5.80 yuan/kg in Alar, 6.20 - 6.80 yuan/kg in Kashgar, and 6.00 - 6.30 yuan/kg in Makit. The raw material acquisition in the producing areas was priced according to quality, adhering to the principle of high - quality products at high prices [2].