瑞达期货红枣产业日报-20260302

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - After the Spring Festival, the red date market recovered slowly with little fluctuation in spot prices. As of February 25, 2026, the physical inventory of 36 sample points was 11,852 tons, a decrease of 0 tons from the previous week, a 0.00% month - on - month decrease and a 7.84% year - on - year increase. The market was in the recovery stage after the festival, and the different resumption rhythms of the upstream and downstream of the industrial chain slowed down the overall spot circulation speed. Constrained by the unfulfilled full - scale start of terminal demand, downstream users were cautious about restocking, mostly maintaining rigid - demand inquiries or digesting existing inventories, and there was no sign of concentrated purchasing in the market. However, supported by the Spring Festival consumption peak season, there was restocking demand after the festival. Considering that the processing plants had not started production on a large scale, the market overall was stable, and red date prices might fluctuate in the short term. Attention should be paid to the later restocking intensity [2] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates was 8,840 yuan/ton, a week - on - week increase of 55 yuan/ton. The position of the main contract was 116,020 lots, a week - on - week decrease of 1,905 lots. The net long position of the top 20 futures holders was - 16,863 lots, a week - on - week decrease of 149 lots. The number of warehouse receipts was 3,869, and the total number of effective warehouse receipt forecasts was 83 [2] 3.2 Spot Market - The prices of red dates in various regions were stable, with the unified - grade red date price in Kashi at 6.5 yuan/kg, the first - grade grey date wholesale price in Hebei at 3.95 yuan/jin, the unified - grade red date price in Alar at 5.65 yuan/kg, the first - grade grey date wholesale price in Henan at 4.15 yuan/jin, the super - grade red date price in Henan at 9.5 yuan/kg, the super - grade red date price in Hebei at 9.2 yuan/kg, the super - grade red date price in Guangdong at 10 yuan/kg, and the first - grade red date price in Guangdong at 8.8 yuan/kg [2] 3.3 Upstream Market - The annual red date output was 606.9 million tons, an increase of 318.7 million tons, and the planting area was 1.993 million hectares, a decrease of 41,000 hectares [2] 3.4 Industry Situation - The national red date inventory was 11,852 tons, a week - on - week decrease of 1 ton. The monthly red date export volume was 5,071,577 kg, an increase of 1,534,011 kg. The cumulative monthly red date export volume was 34,362,765 kg, an increase of 5,071,577 kg [2] 3.5 Downstream Situation - The cumulative quarterly sales volume of red dates of Hao Xiang Ni was 36,480.43 tons, a decrease of 2,981.06 tons. The cumulative year - on - year quarterly production of red dates of Hao Xiang Ni was 1.47%, a decrease of 34.59 percentage points. The average daily arrival of red dates at Ruyi Square Market was 5 vehicles, a week - on - week increase of 4.62 vehicles. The monthly average wholesale price of red dates was 11.23 yuan/kg, a month - on - month increase of 0.47 yuan/kg [2] 3.6 Industry News - The spot price of red dates in Hebei Cuierzhuang Market remained stable, with a small amount of sub - standard goods arriving at the market, and downstream demand - based replenishment led to light trading. Five vehicles of red dates arrived at Guangdong Ruyi Square Market, with stable prices, and downstream buyers purchased according to demand [2]