苹果市场周报-20260306

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - This week, the price of the Apple Futures 2605 contract soared, with a weekly increase of approximately 5.70%. The inventory removal speed has accelerated. However, due to factors such as low inventory, low high - quality fruit rate, and delivery logic, the price of the short - term Apple Futures main contract will fluctuate more significantly, and risk control should be noted [4][8] 3. Summary by Directory 3.1 Weekly Summary - Market Review: This week, the price of the Apple Futures 2605 contract soared, with a weekly increase of about 5.70% [4][8] - Market Outlook: The sales situation in production areas varies, generally stronger in the west and weaker in the east. As of March 4, 2026, the cold - storage inventory of apples in the main production areas across the country was 5.2753 billion tons, a decrease of 253,900 tons from last week. The inventory removal speed has accelerated. In the Shandong production area, the storage capacity ratio was 41.561%, a decrease of 1.45% from last week; in the Shaanxi production area, the storage capacity ratio was 41.75%, a decrease of 2.13% from last week. In the Shandong production area, the number of merchants inspecting goods in cold storage was acceptable, and merchants replenished their supplies as needed. In the Shaanxi production area, the number of merchants increased. In the sales area, the post - holiday market sales were stable, the market arrival volume was low, and the sales pace slowed down [4] - Future Trading Tips: Fruit prices and consumption [4] 3.2 Futures and Spot Markets - Futures Market: This week, the price of the Apple Futures 2605 contract soared, with a weekly increase of about 5.70%. As of this week, the net position of the top 20 in Apple Futures was 14,058 lots, and the number of Apple Futures warehouse receipts was 0 [8][14] - Spot Market: As of March 6, 2026, the mainstream price of 80 and above first - and second - grade farmer - sourced bagged Red Fuji apples in Qixia, Yantai, Shandong was 3.7 yuan per catty; the price of 75 and above bagged Fuji apples in Yiyuan, Shandong was 2.40 yuan per catty [18] 3.3 Industry Situation and Options - Supply Side: As of March 4, 2026, the cold - storage inventory of apples in the main production areas across the country was 5.2753 billion tons, a decrease of 253,900 tons from last week. The inventory removal speed has accelerated. In the Shandong production area, the storage capacity ratio was 41.561%, a decrease of 1.45% from last week; in the Shaanxi production area, the storage capacity ratio was 41.75%, a decrease of 2.13% from last week [23] - Demand Side: - As of March 5, the average daily early - morning vehicle arrival volume at major apple wholesale markets in Guangdong decreased. The profit of 80 first - and second - grade apple storage merchants was 0.3 yuan per catty [27] - As of February 27, 2026, the average wholesale price of all apple varieties was 9.42 yuan per kilogram, a week - on - week decrease of 0.12 yuan per kilogram; the wholesale price of Fuji apples was 9.36 yuan per kilogram, a week - on - week increase of 0.06 yuan per kilogram [32] - As of February 27, 2026, the weekly average wholesale price of 5 types of fruits (including Fuji apples, bananas, grapes, pears, and watermelons) was 8.04 yuan per kilogram, a week - on - week increase of 0.24 yuan per kilogram [36] - In December 2025, China's fresh apple exports totaled approximately 156,500 tons, a month - on - month increase of 28.625% and a year - on - year increase of 28%. The export value was 162,842,207 US dollars [40] - Options Market: Information about the implied volatility of at - the - money Apple options this week is presented in the form of a chart, but specific data is not provided [41] 3.4 Futures - Stock Correlation - Information about the price - earnings ratio of Honghui Fruit & Vegetable Co., Ltd. is presented in the form of a chart, but specific data is not provided [43]