果蔬品日报：苹果交易集中低价货源，红枣旺季带动消费-20260113

Report Industry Investment Rating - The investment rating for both the apple and jujube industries is neutral [4][8] Core Viewpoints - For the apple industry, although the sales space is suppressed by low - price substitute fruits, the price remains firm due to factors such as accelerated cold - storage outbound speed, lower than usual high - quality fruit rate, and rising acquisition prices this season. Attention should be paid to the actual demand during the Spring Festival [4]. - For the jujube industry, the supply is sufficient due to the combination of new and old stocks. The traditional peak season may drive the sales speed, but it is necessary to focus on the merchants' stocking progress and actual sales speed [8]. Market News and Important Data Apple - Futures: The closing price of the apple 2605 contract yesterday was 9630 yuan/ton, a change of - 59 yuan/ton or - 0.61% from the previous day [1]. - Spot: The price of Shandong Qixia 80 first - and second - grade late Fuji was 4.10 yuan/jin, unchanged from the previous day; the price of Shaanxi Luochuan 70 and above semi - commercial late Fuji was 4.20 yuan/jin, unchanged from the previous day. The spot basis AP05 was - 1489 and - 1289 respectively, with a change of - 158 from the previous day [1]. Jujube - Futures: The closing price of the jujube 2605 contract yesterday was 9160 yuan/ton, a change of + 10 yuan/ton or + 0.11% from the previous day [6]. - Spot: The price of first - grade grey jujubes in Hebei was 8.20 yuan/kg, unchanged from the previous day. The spot basis CJ05 was + - 950, a change of - 75 from the previous day [6]. Market Analysis Apple - The apple futures price oscillated and closed down yesterday. The transaction in apple production areas changed little, with different performances in different areas. The transaction was mainly concentrated in low - price goods in Gansu and Liaoning. The overall trading volume was small. The price of high - quality apples was supported, while the price of poor - quality apples showed a weakening trend. Although it is the Spring Festival stocking season, the sales space is squeezed by low - price fruits. The cold - storage inventory is at a low level, and the inventory pressure has been relieved to some extent [3]. Jujube - The jujube futures price oscillated and closed down yesterday. The acquisition in production areas has ended, and there was a slight reduction in production compared with previous years. However, the combination of new and old stocks leads to sufficient supply. The market focus has shifted to the consumption end. With the approach of the Spring Festival stocking season, there may be a peak in sales, but the supply - side pressure has not been eliminated [7]. Strategies Apple - Adopt a neutral strategy. The cold - storage outbound speed has accelerated this week. Although the sales space is suppressed by low - price substitute fruits, the price is still firm. Attention should be paid to the actual Spring Festival demand [4]. Jujube - Adopt a neutral strategy. The acquisition in production areas has basically ended. Although the production in the 25th season decreased compared with the 24th season, the inventory is sufficient. The traditional peak season may drive the sales speed, and attention should be paid to the merchants' stocking progress and actual sales speed [8].