瑞达期货红枣产业日报-20260107

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The market supply is sufficient, and the spot prices are stable. As the twelfth lunar month approaches, the market anticipates a peak demand season, leading to a rebound in jujube futures prices, but the sustainability of this rebound needs attention [2] 3. Summary by Category Futures Market - The closing price of the main jujube futures contract is 9,150 yuan/ton, with a week-on-week increase of 175 yuan/ton. The open interest of the main contract is 118,101 lots, with a week-on-week increase of 4,071 lots. The net long position of the top 20 futures holders is -20,431 lots, with a week-on-week decrease of 4,108 lots. The number of warehouse receipts is 2,263, and the total valid warehouse receipt forecasts is 745, with a week-on-week decrease of 107 [2] 现货市场 - The unified price of Kashgar jujubes is 6.5 yuan/kg, the wholesale price of first-grade grey jujubes in Hebei is 4.1 yuan/jin, the unified price of Alar jujubes is 5.65 yuan/kg, the wholesale price of first-grade grey jujubes in Henan is 4.15 yuan/jin, the unified price of Aksu jujubes is 5.15 yuan/kg, the price of special-grade jujubes in Henan is 9.5 yuan/kg, the price of special-grade jujubes in Hebei is 9.5 yuan/kg with a week-on-week increase of 0.04 yuan/kg, the price of special-grade jujubes in Guangdong is 10.4 yuan/kg, and the price of first-grade jujubes in Guangdong is 9 yuan/kg [2] Upstream Market - The annual jujube output is 6.069 million tons, with an increase of 3.187 million tons, and the planting area is 1.993 million hectares, with a decrease of 41,000 hectares [2] Industry Situation - The current national jujube inventory is 15,649 tons, with a week-on-week decrease of 249 tons (a 1.57% week-on-week decrease and a 38.34% year-on-year increase). The monthly jujube export volume is 3,537,566 kg, with an increase of 1,332,346 kg, and the cumulative monthly jujube export volume is 29,291,188 kg, with an increase of 3,537,566 kg [2] Downstream Situation - The cumulative quarterly sales volume of Hao Xiang Ni's jujubes is 36,480.43 tons, with a decrease of 2,981.06 tons. The cumulative year-on-year quarterly jujube production growth rate is 1.47%, with a decrease of 34.59 percentage points. The average daily number of jujube trucks arriving at Ruyifang Market is 1.27, and the monthly average wholesale price of jujubes is 5.4 yuan/kg [2] Industry News - According to Mysteel agricultural product research data, the physical inventory of 36 sample points this week is 15,649 tons, a 1.57% week-on-week decrease and a 38.34% year-on-year increase. The sample point inventory has decreased week-on-week. The purchase of grey jujubes in Xinjiang production areas is coming to an end, with limited remaining supply and few transactions in each production area. Raw material purchases in production areas are mainly based on quality, adhering to the principle of better quality commanding higher prices [2] Viewpoint Summary - In the sales areas, the Hebei Cuierzhuang Market receives both finished products and substandard products. Local processing plants mainly process and sell their own goods, and holders of goods are actively selling. Downstream merchants mainly purchase according to demand. The Ruyifang Market in Guangdong mainly receives goods from Xinjiang, and the transactions are average [2]