软商品日报-20260210

Group 1: Report Overview - The report is a soft commodity daily report dated February 10, 2026, covering sugar, cotton, apple, and jujube [1] Group 2: Sugar Analysis Core View - Domestic sugar demand is average, and the weak international raw sugar prices are expected to drag down domestic sugar, with limited upside potential [3] Price Data - Sugar futures prices on February 10, 2026: SR01 closed at 5395 with a daily increase of 0.3% and a weekly increase of 2.18%; SR03 at 5285 (daily 0.3%, weekly 1.99%); SR05 at 5278 (daily 0.32%, weekly 2.15%); SR07 at 5291 (daily 0.38%, weekly 2.3%); SR09 at 5288 (daily 0.27%, weekly 2.14%); SR11 at 5293 (daily 0.28%, weekly 1.95%); SB at 14.31 (daily 1.2%, weekly -2.19%); W at 413.9 (daily 1.03%, weekly -0.81%) [4] - Sugar price spreads and basis data are also presented, such as SR01 - 05 at 118 (down 1 day - on - day, up 2 week - on - week), and various basis values like Nanning - SR01 at -79 (down 32 day - on - day, down 86 week - on - week) [4][12] - Sugar import price changes: Brazilian import quota - within price at 3912 (down 35 day - on - day, down 31 week - on - week), out - of - quota at 4950 (down 46 day - on - day, down 40 week - on - week); Thai import quota - within price at 3903 (down 35 day - on - day, down 85 week - on - week), out - of - quota at 4938 (down 46 day - on - day, down 111 week - on - week) [15] Group 3: Cotton Analysis Core View - Short - term cotton prices are affected by macro sentiment. The expected tight industrial supply - demand this year provides core support, but there is a lack of strong upward drive in the external market before the Spring Festival. Zhengzhou cotton's upside is restricted by the internal - external price difference, and with the approaching Spring Festival, market funds' risk - aversion sentiment rises. It is expected to be in a short - term oscillatory market, and downstream import dynamics and new orders need close attention [17] Price Data - Cotton and cotton yarn futures prices on February 10, 2026: Cotton 01 closed at 15165 (up 65, 0.43%); Cotton 05 at 14655 (up 75, 0.51%); Cotton 09 at 14770 (up 65, 0.44%); Cotton yarn 01 at 0 (down 100%); Cotton yarn 05 at 20440 (up 80, 0.39%); Cotton yarn 09 at 20615 (up 15, 0.07%). Various price spreads are also provided, such as cotton 01 - 05 at 520 (unchanged) [18] Group 4: Apple Analysis Core View - The disk logic is centered around fundamentals and short - term delivery issues. Current stocking is ending, the consumption peak season logic has been realized, short - term demand weakness suppresses the disk, but the delivery contradiction provides support, limiting the downside space [23] Price Data - Apple futures prices on February 10, 2026: AP01 closed at 8120 (down 0.53%, down 0.39% weekly); AP03 at 9475 (down 0.43%, up 0.7% weekly); AP04 at 9436 (down 1.13%, up 0.90% weekly); AP05 at 9500 (down 0.18%, up 0.16% weekly); AP10 at 8214 (down 0.28%, down 0.51% weekly); AP11 at 8177 (up 0.29%, up 3.28% weekly); AP12 at 8209 (up 0.09%, up 2.73% weekly). Various price spreads and basis values are presented, such as AP01 - 05 at -1354 (down 4.45%, up 5.21% weekly), and the main contract basis at -95 (up 6.74%, up 26.67% weekly) [23] Group 5: Jujube Analysis Core View - The 2025/2026 jujube production is settled, and the market focus shifts to demand changes. As the Spring Festival approaches, downstream purchases and sales slow down. Short - term jujube prices may remain low and oscillatory, and in the long - term, the overall domestic jujube supply - demand pattern is loose, and prices will face pressure [31] Price Data - Jujube futures price spreads are presented, such as the 01 - 05 spread in historical time series data [32]