红枣市场周报-20260116

Report Industry Investment Rating - Not mentioned in the provided content 2. Core View of the Report - The current market focus has shifted to the consumer side. The price of the main contract of Zhengzhou jujube futures decreased this week, with a weekly decline of about 3.01%. The inventory of 36 sample points decreased by 5.78% week - on - week as of January 14, 2026, while it increased by 35% year - on - year. The jujube has entered the peak stocking period, and the enthusiasm of downstream customers to purchase goods has increased. Attention should be paid to the pre - holiday stocking situation [10] 3. Summary According to the Directory 3.1 Week - on - Week Summary - Future trading prompts include spot price and consumer side - The price of the main contract of Zhengzhou jujube futures decreased this week, with a weekly decline of about 3.01% - As of January 14, 2026, the physical inventory of 36 sample points was 14,415 tons, a decrease of 885 tons from last week, a week - on - week decrease of 5.78%, and a year - on - year increase of 35% - The jujube has entered the peak stocking period, and the enthusiasm of downstream customers to purchase goods has increased. Attention should be paid to the pre - holiday stocking situation [10] 3.2 Futures and Spot Market - The price of Zhengzhou jujube 2605 contract decreased this week, with a weekly decline of about 3.01% [12] - As of this week, the net position of the top 20 in jujube futures was - 19,483 lots [13] - As of this week, the number of Zhengzhou jujube warehouse receipts was 3,271 [18] - As of this week, the price difference between Zhengzhou Commodity Exchange jujube futures 2605 contract and 2609 contract was - 235 yuan/ton [21] - As of this week, the basis between Hebei ash jujube spot price and the main contract of jujube futures was 595 yuan/ton [24] - As of January 16, 2026, the purchase price of Aksu jujube was 5.15 yuan/kg, Alar jujube was 5.65 yuan/kg, and Kashgar jujube was 6.5 yuan/kg - As of January 16, 2026, the wholesale price of first - grade ash jujube in Cangzhou, Hebei was 4.1 yuan/jin, and in Henan was 4.15 yuan/jin - As of January 16, 2026, the spot price of special - grade ash jujube in Cangzhou, Hebei was 9.47 yuan/kg, and the wholesale price in Henan was 9.47 yuan/kg [28][35] 3.3 Industry Chain Situation - Supply side: As of January 14, 2026, the physical inventory of 36 sample points was 14,415 tons, a decrease of 885 tons from last week, a week - on - week decrease of 5.78%, and a year - on - year increase of 35%; the jujube output in the 2025/26 production season is expected to decline [39][43] - Demand side: In November 2025, China's jujube export volume was 3,537,566 kg, the export amount was 53,004,642 yuan, the export average price was 14,983.36 yuan/ton, the export volume increased by 60.42% month - on - month and decreased by 5.18% year - on - year. From January to November, the cumulative export was 29,291,188 kg, a cumulative year - on - year decrease of 0.50%; the BOCE Xinjiang jujube good brand trading was inactive this week [47][52] 3.4 Option Market and Futures - Stock Correlation - Option market: The implied volatility of at - the - money options of jujube this week is mentioned, but specific data is not given - Futures - stock correlation: The price - earnings ratio of Haoxiangni is presented in the report, but no specific analysis is provided [55]