果蔬品日报：苹果节后旺季延续，红枣步入传统淡季-20260225

Report Industry Investment Rating - The investment rating for both the apple and red date industries is neutral [3][6] Core Viewpoints - Apple: After the Spring Festival, the apple market shows a continuation of the peak season. The overall sales during the Spring Festival were better than in previous years, with strong performance in gift box sales. Post - festival, the market in different regions is showing differentiation. High - quality apples will remain firm, while ordinary apples may face adjustment pressure. The post - festival replenishment demand will gradually be released, and the sales of gift box apples will end, with the transaction of general apples adjusting with inventory reduction [1][2] - Red dates: After the Spring Festival, the red date market will enter the traditional off - season. The overall demand is likely to remain stable without additional positive stimuli. Attention should be paid to the sales situation in the sales areas and changes in market procurement mentality. The inventory digestion speed of high - quality red dates is expected to be higher than that of ordinary ones [5] Summary by Related Catalogs Apple Market News and Important Data - Futures: The closing price of the apple 2605 contract yesterday was 9705 yuan/ton, a change of - 130 yuan/ton or - 1.32% from the previous day [1] - Spot: The price of Shandong Qixia 80 first and second - grade late Fuji was 4.00 yuan/jin, unchanged from the previous day. The spot basis AP05 - 1705 increased by 130 from the previous day. The price of Shaanxi Luochuan 70 and above semi - commodity late Fuji was 4.20 yuan/jin, unchanged from the previous day, and the spot basis AP05 - 1305 increased by 130 from the previous day [1] Market Analysis - During the Spring Festival, apple gift box consumption was outstanding, and the sales of basket - packed apples were stable. The overall sales were better than in previous years, and the price of high - quality apples remained strong. After the festival, the market in different regions showed differentiation. High - quality apples will remain firm due to demand support, while ordinary apples may face adjustment pressure due to slow sales. The post - festival replenishment demand will gradually be released, and the sales of gift box apples will end, with the transaction of general apples adjusting with inventory reduction [2] Strategy - The investment strategy for the apple market is neutral [3] Red Dates Market News and Important Data - Futures: The closing price of the red date 2605 contract yesterday was 8845 yuan/ton, unchanged from the previous day [3] - Spot: The price of first - grade grey dates in Hebei was 7.90 yuan/kg, unchanged from the previous day, and the spot basis CJ05 - 945 was unchanged from the previous day [3] Market Analysis - During the Spring Festival, the red date market was quiet, and downstream customers mainly made small - scale replenishments. New - season red dates attracted more purchasing merchants due to their price and quality advantages, but the short - term supply pressure was alleviated due to the decrease in the purchase volume per customer. After the festival, the red date market will enter the traditional off - season, and the overall demand is likely to remain stable. The inventory digestion speed of high - quality red dates is expected to be higher than that of ordinary ones [5] Strategy - The investment strategy for the red date market is neutral [6]