瑞达期货红枣产业日报-20251217

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - 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 jujube acquisition structure in the 2025 production season is decentralized, and most of the goods are concentrated in the hands of small and medium - sized merchants in the inland. With the carry - over inventory of old jujubes and new - season supply, the overall jujube supply is relatively loose, while downstream consumption lacks highlights. There are still two months until the Spring Festival, and attention should be paid to the consumption situation during the peak season [2] 3. Summary of Each Section Futures Market - The closing price of the main jujube futures contract was 8,915 yuan/ton, a decrease of 50 yuan; the main contract position was 124,292 lots, an increase of 4,529 lots; the net long position of the top 20 futures positions was - 9,865 lots, a decrease of 1,309 lots; the number of warehouse receipts was 982, an increase of 99; the effective warehouse receipt forecast was 1,145, an increase of 11 [2] Spot Market - The unified price of Kashgar jujubes was 6.5 yuan/kg, unchanged; the wholesale price of first - grade grey jujubes in Hebei was 4.4 yuan/jin, unchanged; the unified price of Alar jujubes was 5.65 yuan/kg, unchanged; the wholesale price of first - grade grey jujubes in Henan was 4.45 yuan/jin, unchanged; the price of special - grade jujubes in Henan was 9.9 yuan/kg, unchanged; the price of special - grade jujubes in Hebei was 9.67 yuan/kg, a decrease of 0.09 yuan; the price of special - grade jujubes in Guangdong was 10.6 yuan/kg, unchanged; the price of first - grade jujubes in Guangdong was 9.5 yuan/kg, unchanged [2] Upstream Market - The annual jujube production was 606.9 tons, an increase of 318.7 tons; the jujube planting area was 199.3 hectares, a decrease of 4.1 hectares [2] Industry Situation - The weekly national jujube inventory was 15,790 tons, an increase of 1,880 tons; the monthly jujube export volume was 2,205,220 kg, a decrease of 78,451 kg; the cumulative monthly jujube export volume was 25,753,622 kg, an increase of 2,205,220 kg [2] Downstream Situation - The cumulative quarterly sales volume of jujubes of Hao Xiang Ni was - 2,981.06 tons; the cumulative quarterly year - on - year jujube production of Hao Xiang Ni was 36,480.43 tons, with a growth rate of 1.47%, and the year - on - year decrease was 34.59% [2] Industry News - In Hebei Cuierzhuang Market, 7 trucks arrived at the parking area, with out - grade and finished products as the main arrivals. After the new - season harvest, raw materials were gradually returned to the factory for processing, and the procurement cost of merchants was clear, with downstream purchasing on - demand. In Guangdong Ruyifang Market, 4 trucks arrived, and the prices remained stable. The reference price for special - grade jujubes was 10.60 - 11.80 yuan/kg, and for first - grade jujubes was 8.80 - 9.50 yuan/kg, with downstream merchants purchasing on - demand [2]