苹果产业日报-20260205

Report Industry Investment Rating - Not provided Core Viewpoints - As of February 4, 2026, the apple cold storage inventory in the main producing areas of China was 6.1981 million tons, a decrease of 342,500 tons compared to the previous week. The inventory removal speed increased compared to the previous week and was higher than the same period last year. The storage capacity ratio in Shandong was 47.05%, a decrease of 1.96% from the previous week, and in Shaanxi it was 48.82%, a decrease of 2.03% from the previous week. During the mid - to - late stage of Spring Festival stocking, the trading atmosphere of fruit farmers' goods was poor, while the purchase of goods by merchants in some producing areas increased. In the sales areas, the number of incoming trucks increased, gift - boxed apples were gradually sold, but the sales of apples were slow due to the impact of competing fruits. The price of general - quality fruit farmers' goods was stable with a slight downward trend, while the price of high - quality goods remained stable [2] Summary by Directory Futures Market - The closing price of the main apple futures contract was 9,586 yuan/ton, a decrease of 8 yuan; the main contract's open interest was 103,264 lots, a decrease of 3,575 lots; the net long position of the top 20 futures holders was 5,404 lots, an increase of 1,278 lots [2] Spot Market - The spot price of apples in Gansu Jingning (paper - bagged, above 75) was 5.25 yuan/jin; in Shandong Yiyuan (paper - bagged, above 75) it was 2.4 yuan/jin; in Shaanxi Luochuan (paper - bagged, above 70 semi - commercial) it was 4.2 yuan/jin; in Shandong Yantai Qixia (paper - bagged, above 80 first - grade second - level fruit farmers' goods) it was 3.7 yuan/jin [2] Upstream Situation - The annual apple production in China was 51.2851 million tons [2] Industry Situation - The weekly apple wholesale price was 9.55 yuan/kg; the total cold storage inventory of apples in China was 6.1981 million tons, a decrease of 342,400 tons; the average wholesale price of Fuji apples was 9.33 yuan/kg; the storage capacity ratio in Shandong was 0.47, a decrease of 0.02; in Shaanxi it was 0.49, a decrease of 0.02; the monthly apple export volume was 160,000 tons, an increase of 40,000 tons; the monthly year - on - year export amount was 30.7%, an increase of 14.5%; the monthly import amount of fresh and dried fruits and nuts was 1.775355 million US dollars, an increase of 657,409 US dollars; the weekly profit of storage merchants for first - and second - grade paper - bagged 80 apples was 0.3 yuan/jin [2] Downstream Situation - The weekly wholesale price of pears was 6.45 yuan/kg, a decrease of 0.07 yuan; the weekly wholesale price of watermelons was 7.05 yuan/kg, an increase of 0.08 yuan; the weekly wholesale price of bananas was 6.1 yuan/kg, an increase of 0.2 yuan; the average daily number of incoming trucks in the morning at the Guangdong Jiangmen wholesale market was 17.4, an increase of 6.2; at the Guangdong Xiaqiao wholesale market it was 23.4, an increase of 7.8; at the Guangdong Chalong wholesale market it was 35, an increase of 11.6 [2] Option Market - The implied volatility of at - the - money call options for apples was 26.48%, a decrease of 0.2%; the implied volatility of at - the - money put options for apples was 26.48%, a decrease of 0.2% [2]