苹果期货日报-20251231

1. Report Investment Rating - No investment rating information is provided in the report. 2. Core View - From a fundamental perspective, the trading of late Fuji apples in the production areas is sluggish, the sales of fruit farmers' goods are slow, high - quality fruits are supported by cost while the prices of low - quality fruits are weak; the inventory is at a low level but the quality is uneven, and there is no supply shortage. From a technical perspective, the trading volume and open interest of the Apple 2605 contract have increased significantly, and in the short term, the price is expected to show a weak and volatile trend [12]. 3. Summary by Directory 3.1 Futures Market 3.1.1 Contract Quotes - On December 29, 2025, the Apple AP2605 futures contract fluctuated downward, closing at 9163 points, a 0.80% decline from the previous day. The daily trading volume was 100,954 lots, and the open interest was 138,844 lots, a decrease of 3,342 lots from the previous trading day [2]. 3.1.2 Variety Prices - All Apple futures contracts declined on that day. The trading volume was 108,163 lots, and the open interest was 156,890 lots, a decrease of 4,985 lots from the previous trading day [4]. 3.1.3 Related Quotes - Apple options had a daily trading volume of 10,560 lots and a total open interest of 32,728 lots, an increase of 486 lots. The total number of exercises on that day was 0 lots [6]. 3.2 Spot Market 3.2.1 Basis Data - The spot price of apples on that day was 8,200 yuan/ton, and the futures settlement price was 9,233 yuan/ton, resulting in a basis of - 1,033 yuan/ton [7]. 3.2.2 Registered Warehouse Receipts - The warehouse receipt daily report of the Zhengzhou Commodity Exchange showed that there were 0 registered warehouse receipts on that day [8]. 3.3 Influencing Factors 3.3.1 Industry News - The mainstream price of late Fuji apples in the warehouse remained stable, and the trading atmosphere was still mediocre. The prices of fruit farmers' goods in some production areas of Luochuan slightly declined. Currently, there are more inquiries for fruit farmers' goods in some production areas, and the packaging and shipment from the warehouse have slightly increased, but the mainstream is still the self - stored goods of merchants [9]. 3.3.2 Technical Analysis - The daily K - line of the AP2605 contract on that day was a medium - sized negative line. After rising intraday, it declined unilaterally, indicating that the bears dominated [10].