果蔬品日报：苹果去库仍旧不快，红枣旺季支撑走货-20260123

1. Report Industry Investment Rating - The investment rating for both the apple and red date industries is neutral [4][8] 2. Core Views Apple - The apple futures price closed higher with high - level fluctuations yesterday. The market focuses on the consumption demand side due to low cold - storage inventory and poor overall quality. The current inventory removal pace is slow, but it is expected to speed up in the coming weeks as the Spring Festival is late. The market demand is generally weak, and the market is affected by low - priced fruits like cherries. Attention should be paid to the Spring Festival stocking progress and terminal consumption [3] Red Date - The red date futures price fluctuated narrowly yesterday. The acquisition of new dates at the end of the year has accelerated, and the supply has become more abundant. Consumption has entered the peak season, and the high - level inventory has started to decline. The market focuses on terminal consumption. Although the output of red dates in this production season has decreased, the overall supply is still abundant due to the combination of old and new stocks. Attention should be paid to the terminal sales, inventory removal progress, buyers' mentality, and the impact of weather on logistics before the Spring Festival [7] 3. Summary by Directory Apple Market News and Key Data - Futures: The closing price of the apple 2605 contract yesterday was 9489 yuan/ton, a +71 yuan/ton change from the previous day, with a +0.75% change. Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 4.00 yuan/jin, a - 0.10 yuan/jin change from the previous day. The spot basis AP05 was - 1489, a - 271 change from the previous day. The price of 70 and above semi - commodity late Fuji in Shaanxi Luochuan was 4.20 yuan/jin, with no change from the previous day. The spot basis AP05 was - 1089, a - 71 change from the previous day [1] Recent Market Information - The market in apple - producing areas is generally stable. Individual areas see a slight price decline in farmers' apples. The Spring Festival stocking has started, and the overall transaction has improved slightly. The sales of farmers' apples have increased but are still limited. In Shaanxi, the sales of farmers' apples are mainly small - quantity extreme - quality goods, and merchants mainly use their own inventory. In Gansu, merchants purchase farmers' apples as needed, and the packaging and shipping are stable with good sales. In Shandong, the transaction is average, and the packaging of gift boxes has started sporadically. The sales are mainly 75 and third - grade apples, with limited transactions. The apple sales in the consumer market are slow, and the transit warehouses are seriously overstocked. There may be a price decline for medium - quality apples as the sales of farmers' apples increase [2] Market Analysis - The apple futures price closed higher with high - level fluctuations. The market is concerned about the consumption demand side due to low cold - storage inventory and poor overall quality. The current inventory removal pace is slow, but it is expected to speed up in the coming weeks as the Spring Festival is late. The market demand is generally weak, and merchants mainly pick up their own goods and purchase as needed. The market is significantly affected by low - priced fruits like cherries. Attention should be paid to the Spring Festival stocking progress and terminal consumption [3] Red Date Market News and Key Data - Futures: The closing price of the red date 2605 contract yesterday was 8745 yuan/ton, a +5 yuan/ton change from the previous day, with a +0.06% change. Spot: The price of first - grade grey dates in Hebei was 8.00 yuan/kg, with no change from the previous day. The spot basis CJ05 was - 745, a - 5 change from the previous day [5] Recent Market Information - In the 2025 production season, the acquisition price of Xinjiang grey dates ranges from 5.00 - 6.50 yuan/kg. The acquisition price varies by region, and the principle of high - quality high - price is maintained. On January 21, there were 7 trucks of goods arriving at the Hebei Cuierzhuang market, mainly sub - grade dates. Local processing plants mainly sold their own processed goods, and sellers actively sold their goods while buyers purchased as needed, with average transactions. In the Guangdong Ruyifang market, 5 trucks of goods arrived, and the price remained stable, with 1 - 2 trucks of goods sold. In the Hebei consumer market, processing plants mainly traded their own goods, and buyers purchased as needed. The price is expected to remain weak and stable in the short term as logistics is expected to stop around the 15th day of the twelfth lunar month [6] Market Analysis - The red date futures price fluctuated narrowly. The acquisition of new dates at the end of the year has accelerated, and the supply has become more abundant. Consumption has entered the peak season, and the high - level inventory has started to decline. The market focuses on terminal consumption. Although the output of red dates in this production season has decreased, the overall supply is still abundant due to the combination of old and new stocks. Attention should be paid to the terminal sales, inventory removal progress, buyers' mentality, and the impact of weather on logistics before the Spring Festival [7]