苹果差果价格宽松，红枣出货速度加快

1. Report Industry Investment Rating - The investment rating for the apple industry is neutral [4] - The investment rating for the jujube industry is also neutral [7] 2. Core Views of the Report - For the apple market, the current inventory quantity and quality are generally lower than previous periods, with high - quality fruit prices on the high side and costs remaining high. However, the prices of poorer - quality apples are showing signs of decline. Terminal consumption is average, the出库 speed is slow, and low - priced substitute fruits are gradually entering the market, creating sales pressure. The market is in a stage of supply - demand game [4] - For the jujube market, the current acquisition in the production areas has basically ended, and the output has decreased compared to the 24th production season. The supply is sufficient due to the combination of old - season inventory and new - season products. Although the traditional peak season has arrived, the sales volume is average, and merchants purchase on demand. The inventory pressure suppresses the market in the short term, and the market in sales areas is stable. Future market focus lies on peak - season consumption [7] 3. Summary by Related Catalogs Apple Market News and Important Data - Futures: The closing price of the apple 2605 contract yesterday was 9163 yuan/ton, a change of - 84 yuan/ton from the previous day, with a decline of 0.91% [1] - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 4.10 yuan/jin, unchanged from the previous day; the price of over - 70 semi - commercial late Fuji in Shaanxi Luochuan was 4.20 yuan/jin, also unchanged from the previous day. The spot basis AP05 was - 963 in Shandong Qixia and - 763 in Shaanxi Luochuan, with a change of + 84 from the previous day [1] Recent Market Information - In the storage, the overall trading atmosphere of late Fuji is average. Most merchants mainly package their self - stored goods for shipment, and the enthusiasm for purchasing from fruit farmers is not high. In some northern Shaanxi production areas, inquiries for fruit farmers' goods have increased, but actual transactions are still limited. In the western production areas, merchants are sporadically looking for goods, mainly for two - grade fruit farmers' goods, with limited sales of lower - grade and higher - grade goods. In Shandong production areas, the outbound speed has slowed down, with only a small amount of 75 goods being shipped out [2] Market Analysis - Yesterday, the apple futures price fluctuated during trading and declined at the end. Although inquiries in production areas increased, it was mainly merchants picking up their own goods. Although the mainstream price was stable, the prices of poorer - quality goods showed a downward trend. As the New Year's Day is approaching, the overall sales will improve, but the inventory digestion pressure still exists. Low - priced citrus fruits are seizing the apple sales market, so the situation in sales areas needs continuous monitoring [3] Strategy - Maintain a neutral stance. The current inventory quantity and quality are lower than in previous years. High - quality apples are expensive, and costs are high. Poorer - quality apples' prices are weakening. Terminal consumption is average, and the outbound speed is slow. Low - priced substitute fruits are putting pressure on apple sales. The market is in a supply - demand tug - of - war [4] Jujube Market News and Important Data - Futures: The closing price of the jujube 2605 contract yesterday was 8970 yuan/ton, a change of - 10 yuan/ton from the previous day, with a decline of 0.11% [5] - Spot: The price of first - grade grey jujubes in Hebei was 8.30 yuan/kg, a change of - 0.10 yuan/kg from the previous day. The spot basis CJ05 was + - 670, a change of - 90 from the previous day [5] Recent Market Information - The acquisition of grey jujubes in Xinjiang production areas is coming to an end, with a small amount of remaining goods. The prices in different areas vary according to quality. In the Hebei Cuierzhuang market, about 10 trucks of goods arrived during the weekend, including sub - standard and finished products, and merchants purchased on demand. In the Guangdong Ruyifang market, 10 trucks of goods arrived, with sufficient supply, and merchants also purchased on demand [6] Market Analysis - The jujube futures price fluctuated and closed lower yesterday. The acquisition of new jujubes is almost over, with little remaining stock. Goods are gradually transferred to processors and traders, who are accelerating shipments. The market is mainly trading new goods at stable prices. Jujubes are entering the peak consumption season, with improved sales speed, but new and old goods are piling up, and the supply is still abundant. Future focus should be on the sales speed during the peak season [6] Strategy - Adopt a neutral strategy. The acquisition in production areas has basically ended, and the output has decreased compared to the 24th production season. The supply is sufficient due to the combination of old - season inventory and new - season products. Although the traditional peak season has arrived, the sales volume is average, and merchants purchase on demand. The inventory pressure suppresses the market in the short term, and the market in sales areas is stable. Future market focus lies on peak - season consumption [7]