市场快讯：苹果盘中回落

1. Report's Investment Rating for the Industry - No investment rating for the industry is provided in the report. 2. Core Viewpoints - Apple futures' main contract opened with a downward gap and weakened, with a decline exceeding 2%. Despite the post - New Year cold - storage weekly de - stocking volume exceeding 100,000 tons, the terminal consumption recovery was weaker than expected. The apple futures price still has upward drivers due to factors such as the approaching Spring Festival consumption peak and the increasing cost of warehouse receipt registration, but the de - stocking rhythm of general goods and changes in the mainstream transaction price are key variables affecting the market trend [3][5] 3. Summary by Related Catalog Market Situation - After the new - season apples were harvested in November 2025, the apple futures price soared to 10,000 yuan/ton due to reduced production and a higher proportion of low - quality fruits. However, the concentrated listing of seasonal fruits such as southern citrus and imported cherries diverted apple consumption, resulting in a significant lag in the market de - stocking progress compared to the same period in previous years [3] Regional Market Conditions - In the Qixia market, the trading of stored Fuji apples remained sluggish, with cold - storage shipments mainly from merchants' self - stored sources, few transactions of farmers' apples, slow sales, and the market in a weak consolidation state. In the Luochuan area, the trading atmosphere of stored Fuji apples was average, with a slight increase in merchants' packaging and shipping volume but mainly for immediate pick - up, and limited transactions of farmers' apples. In the Jingning area, the trading was relatively stable, with merchants preferentially handling their self - stored sources, few transactions of farmers' apples, and sporadic transactions mainly for high - quality goods [4] Overall Market Structure - Currently, the overall supply of cold - storage apples is sufficient, but there is a prominent structural contradiction: the market circulation volume of high - quality apples is limited, while the sales progress of low - quality apples is relatively slow. With the start of Spring Festival stocking demand, the competition for high - quality fruit sources has intensified, further highlighting the scarcity of good goods and increasing the cost of warehouse receipt registration [5] Operational Suggestions - Try to go long when the main 05 contract is below 9,500 yuan/ton. For options, buy AP05 - C - 9600 and sell AP05 - P - 9000 [5]