农产品日报：苹果双节备货较慢，红枣新货库存增加-20251216

Group 1: Report Industry Investment Rating - The investment rating for both the apple and red date industries is neutral [4][8] Group 2: Core Views of the Report - For apples, the current入库量 and入库结构 expectations are reflected in the price, and low - priced citrus is impacting apple sales. Attention should be paid to terminal market consumption recovery,入库结构 differentiation, and pre - New Year trading atmosphere. The market is in a off - season with stable prices [4] - For red dates, the supply is sufficient due to the superposition of old and new inventories. Although the traditional peak season has arrived, the downstream purchases as needed, and high inventory and weak demand may continue to pressure prices. Even if consumption data improves, the upward rebound space is limited [8] Group 3: Market News and Important Data Apple - Futures: The closing price of the apple 2605 contract yesterday was 9232 yuan/ton, a change of - 287 yuan/ton from the previous day, a decrease of - 3.02% [1] - Spot: The price of Shandong Qixia 80 first - and second - grade late Fuji was 4.10 yuan/jin, unchanged from the previous day; the price of Shaanxi Luochuan 70 and above semi - commercial late Fuji was 4.20 yuan/jin, unchanged from the previous day [1] Red Date - Futures: The closing price of the red date 2605 contract yesterday was 9025 yuan/ton, a change of + 100 yuan/ton from the previous day, an increase of + 1.12% [5] - Spot: The spot price of first - grade gray dates in Hebei was 8.60 yuan/kg, unchanged from the previous day [5] Group 4: Recent Market Information Apple - The overall shipment of stored late Fuji is still average. In some producing areas, the asking prices of fruit farmers' goods have loosened, and the transaction has not improved significantly after the price decline. The trading atmosphere in apple producing areas is poor, and downstream terminal market sales are slow, with the impact of low - priced citrus still obvious [2] Red Date - The acquisition of gray dates in Xinjiang is nearing completion, with little remaining supply. The Hebei Cuierzhuang market mainly trades new - season dates, which are being processed after harvest. The Guangdong Ruyifang market has sufficient supply, and downstream merchants purchase as needed [6] Group 5: Market Analysis Apple - Yesterday, the apple futures price fluctuated and declined. The overall trading in the producing areas was still light, the double - festival stocking was slow, and the sales in the sales areas were slow. The consumption end has not improved significantly, and the impact of low - priced citrus is obvious. The problems of inventory and low - quality fruit persist [3] Red Date - The red date futures price fluctuated and closed higher yesterday. The remaining supply in each producing area is small, and the tradable volume has decreased. The market adheres to the principle of high - quality and high - price. The pattern of high inventory and weak consumption continues, and attention should be paid to the pre - festival stocking progress [7] Group 6: Strategy Apple - Maintain a neutral strategy. The current入库量 and入库 structure expectations are reflected in the price. Low - priced citrus is impacting apple sales. Pay attention to terminal market consumption recovery,入库 structure differentiation, and pre - New Year trading atmosphere. It is expected that the double - holiday stocking may start slightly this week, and the market is still in an off - season with stable prices [4] Red Date - Adopt a neutral strategy. The acquisition in the producing areas is completed, and the supply is sufficient due to the superposition of old and new inventories. Although the traditional peak season has arrived, downstream merchants purchase as needed, and high inventory and weak demand may continue to pressure prices [8]