瑞达期货苹果产业日报-20260212

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The pre - holiday trading in apple production areas has basically ended, with sporadic transactions. The packaging and shipping in the warehouses are gradually decreasing. The sales area has a large backlog of inventory and significant sales pressure, and citrus fruits continue to be substitutes. With the approaching long - holiday, short - term risk control should be noted [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main apple futures contract is 9739 yuan/ton, with a week - on - week increase of 138 yuan/ton. The main contract's open interest is 112,583 lots, with a week - on - week increase of 9,935 lots. The net long position of the top 20 futures holders is 10,404 lots, with a week - on - week increase of 824 lots [2] 3.2 Spot Market - The spot price of apples in Gansu Jingning (paper - bagged, above 75) is 5.25 yuan/jin, that in Shandong Yiyuan (paper - bagged, above 75) is 2.4 yuan/jin, that in Shaanxi Luochuan (paper - bagged, above 70, semi - commercial) is 4.2 yuan/jin, and that in Shandong Yantai Qixia (paper - bagged, above 80, first - grade) is 3.7 yuan/jin, all with no week - on - week change [2] 3.3 Upstream Situation - The national apple production is 5,128.51 million tons, with an increase of 168.34 million tons compared to the previous period [2] 3.4 Industry Situation - The weekly average wholesale price of apples is 9.41 yuan/kg, with a week - on - week decrease of 0.14 yuan/kg. The total national apple cold - storage inventory is 588.15 million tons, with a week - on - week decrease of 31.66 million tons. The average wholesale price of Fuji apples is 9.29 yuan/kg, with a week - on - week decrease of 0.04 yuan/kg. The capacity utilization ratio of apple cold - storage in Shandong is 45.07%, with a week - on - week decrease of 1.98%, and that in Shaanxi is 46.74%, with a week - on - week decrease of 2.08%. The monthly export volume of apples is 160,000 tons, with an increase of 40,000 tons compared to the previous month. The year - on - year monthly export amount of apples is 30.7%, with an increase of 14.5 percentage points. The monthly import amount of fresh and dried fruits and nuts is 1,775,355 million US dollars, with an increase of 657,409 million US dollars compared to the previous month. The weekly profit of storage merchants for first - and second - grade paper - bagged 80 apples is 0.3 yuan/jin, with no week - on - week change [2] 3.5 Downstream Situation - The weekly wholesale price of pears is 6.66 yuan/kg, with a week - on - week increase of 0.21 yuan/kg. The weekly wholesale price of bananas is 6.34 yuan/kg, with a week - on - week increase of 0.24 yuan/kg. The weekly wholesale price of watermelons is 6.99 yuan/kg, with a week - on - week decrease of 0.06 yuan/kg. The average daily number of trucks arriving in the morning at the Jiangmen wholesale market in Guangdong is 27.8, with an increase of 10.4 compared to the previous week. The average daily number of trucks arriving in the morning at the Xiaqiao wholesale market in Guangdong is 34.2, with an increase of 10.8 compared to the previous week. The average daily number of trucks arriving in the morning at the Chalong wholesale market in Guangdong is 51.2, with an increase of 16.2 compared to the previous week [2] 3.6 Option Market - The implied volatility of at - the - money call options for apples is 24.93%, with a week - on - week decrease of 0.55 percentage points. The implied volatility of at - the - money put options for apples is 24.9%, with a week - on - week decrease of 0.58 percentage points [2]