果蔬品日报：苹果需求持续偏弱，红枣关注市场走势-20260127

Report Industry Investment Rating - The investment rating for both the apple and red date industries is neutral [4][8] Core Viewpoints - The apple market has support on the supply side but weak demand. The peak season effect of pre - holiday stocking may be absent, and the inventory digestion pressure after the Spring Festival will be prominent. Attention should be paid to terminal consumption recovery, stocking progress, and substitute market dynamics [3] - The red date market is in the pre - holiday stocking window, but the peak season is not prosperous. There is pressure from high inventory and weak demand. Attention should be paid to the sales area's shipping rhythm, buyers' mentality changes, and abnormal weather in the production area [7] Market News and Important Data Apple - Futures: The closing price of the apple 2605 contract yesterday was 9466 yuan/ton, a change of - 69 yuan/ton or - 0.72% from the previous day [1] - Spot: The price of 80 first and second - grade late Fuji in Shandong Qixia was 4.00 yuan/jin, unchanged from the previous day; the price of 70 and above semi - commercial late Fuji in Shaanxi Luochuan was 4.20 yuan/jin, unchanged from the previous day. The spot basis AP05 was - 1466 in Qixia and - 1066 in Luochuan, with a change of + 69 from the previous day [1] Red Date - Futures: The closing price of the red date 2605 contract yesterday was 8760 yuan/ton, a change of - 40 yuan/ton or - 0.45% from the previous day [6] - Spot: The spot price of first - grade gray dates in Hebei was 8.00 yuan/kg, unchanged from the previous day. The spot basis CJ05 was - 760, a change of + 40 from the previous day [6] - The purchase price range of Xinjiang gray dates in the 2025 production season was 5.00 - 6.50 yuan/kg, with different prices in different regions [6] Market Analysis Apple - The apple futures price fluctuated slightly down yesterday. The supply side has support, but the demand side is weak. The market shows a pattern of "hot in production areas, cold in sales areas". The pre - holiday stocking demand drives the shipment in production areas, but some areas have poor shipment. The prices of general and sub - quality fruits are stable and weak. The post - holiday inventory digestion pressure may increase if the peak season effect is absent [3] Red Date - The red date futures price closed down with fluctuations yesterday. The market is in the pre - holiday stocking window, but the peak season is not prosperous. The supply pressure of high inventory and weak demand on the consumption side exist. Attention should be paid to the shipping rhythm in sales areas, buyers' mentality, and abnormal weather in production areas [7] Strategies - The strategy for both the apple and red date industries is neutral [4][8]