苹果产业日报-20260112

Report Industry Investment Rating - No information provided Core Viewpoints - The late Fuji Spring Festival stocking in apple production areas has begun, with merchants mainly packaging their own inventory. The transaction atmosphere of fruit farmers' goods is not strong. The transaction in Shandong is sporadic, while that in Gansu is relatively stable. The number of inquiring merchants has slightly increased, but the sales in the distribution area are still weak. The inventory removal speed has slightly accelerated compared with last week, but is still lower than the same period last year. There may be a short - term trend of fluctuating and strengthening [2] Summary by Relevant Catalogs Futures Market - The closing price of the main apple futures contract is 9630 yuan/ton, down 59 yuan; the main contract position is 129,001 lots, down 16,135 lots; the net long position of the top 20 futures is 6,264 lots, down 1,942 lots [2] Spot Market - The spot price of apples in Gansu Jingning (paper - bagged above 75) is 5.25 yuan/jin; in Shandong Yiyuan (paper - bagged above 75) is 2.4 yuan/jin; in Shaanxi Luochuan (paper - bagged above 70 semi - commodities) is 4.2 yuan/jin; in Shandong Yantai Qixia (paper - bagged above 80 first - grade second - class fruit farmers' goods) is 4 yuan/jin [2] Upstream Situation - The annual national apple output is 5,128.51 million tons; the weekly apple fruit wholesale price is 0.06 yuan/kg; the average weekly wholesale price of Fuji apples is 168.34 yuan/kg [2] Industry Situation - The total national apple cold - storage inventory is 720.90 million tons, down 12.66 million tons; the storage capacity ratio in Shandong is 51.85%, down 0.57%; in Shaanxi is 55.35%, down 0.80%. The monthly apple export volume is 120,000 tons, an increase of 40,000 tons; the monthly export amount year - on - year is - 216,418 US dollars; the monthly import amount of fresh and dried fruits and nuts is 11,179,460 US dollars [2] Downstream Situation - The weekly fruit wholesale price of pears is 6.71 yuan/kg, down 0.04 yuan; of bananas is 5.84 yuan/kg, up 0.03 yuan; of watermelons is 6.93 yuan/kg, up 0.05 yuan. The early - morning average daily arrival volume of trucks at the Guangdong Jiangmen wholesale market is 12.4 vehicles, down 4.85 vehicles; at the Guangdong Xiaqiao wholesale market is 23.6 vehicles, down 8.15 vehicles; at the Guangdong Chalong wholesale market is 17 vehicles [2] Option Market - The implied volatility of at - the - money call options for apples is 26.24%, up 1.22%; that of at - the - money put options is 26.21%, up 1.19% [2]