苹果货源矛盾突出，红枣跟踪补库情况

1. Report Industry Investment Rating - The investment strategy for both apples and red dates is neutral [4][8] 2. Core Viewpoints of the Report - The apple market maintains a polarized state, with strong trading in the west and weak in the east. High - quality apples are expected to have strong prices, while ordinary ones are under pressure. The red date market is in the recovery stage, with slow inventory reduction and potential concentrated selling pressure when summer fruits are on the market [2][3][7] 3. Summary by Related Catalogs Apple Market News and Key Data - Futures: The closing price of the apple 2605 contract was 10,449 yuan/ton, up 166 yuan/ton or 1.61% from the previous day. Spot: The price of Shandong Qixia 80 first - and second - grade late Fuji was 4.00 yuan/jin, unchanged from the previous day; the price of Shaanxi Luochuan over 70 semi - commercial late Fuji was 4.20 yuan/jin, unchanged from the previous day. The spot basis AP05 - 2449 and AP05 - 2049 decreased by 166 from the previous day [1] Recent Market Information - The apple market shows polarization. Good - quality apples in the northwest have good purchasing enthusiasm, with a slight price increase in Gansu. The overall price of fruit growers' goods is stable, but some have a price - concession mentality. The number of trucks arriving at the sales area has decreased, and the sales are average. The price difference between good and poor goods in the production area is obvious [2] Market Analysis - Apple futures prices fluctuated and rose. This season's apple prices are high, with good sales before the Spring Festival. The period from March to April is a window without fresh fruit on the market, and the sales and inventory reduction have accelerated recently. In March, the delivery quality and warehouse - receipt cost of cold - storage apples are highly concerned. The overall inventory is at a low level in the same period of history, with a prominent structural contradiction [3] Strategy - The strategy for apples is neutral [4] Red Dates Market News and Key Data - Futures: The closing price of the red date 2605 contract was 8,810 yuan/ton, down 85 yuan/ton or 0.96% from the previous day. Spot: The price of first - grade gray jujubes in Hebei was 7.90 yuan/kg, unchanged from the previous day. The spot basis CJ05 - 910 increased by 85 from the previous day [5] Recent Market Information - In the 2025 production season, the purchase price range of Xinjiang gray jujubes is 5.00 - 6.50 yuan/kg. After the Spring Festival, there are few merchants returning to Xinjiang to repurchase, and holders of the goods are highly motivated to sell. The prices in Hebei and Guangdong markets are stable, and the market is in the process of slow recovery [5][6] Market Analysis - Red date futures prices fluctuated slightly down. The market is in the recovery stage, with different resumption rhythms of upstream and downstream, and the overall spot circulation is slow. Although there is a phased replenishment expectation after the Spring Festival, as the temperature rises, red date consumption will enter the traditional off - season. The market supply - demand situation is still loose, and the price is under pressure [7] Strategy - The strategy for red dates is neutral [8]