瑞达期货苹果产业日报-20260309

Report Industry Investment Rating - No information provided Core Viewpoints - The apple market trading maintains a two - tiered differentiation state, with the overall trading atmosphere stronger in the west and weaker in the east. The procurement enthusiasm for high - quality goods in the northwest region is okay, while the transaction in the Shandong production area is average. The arrival volume in the sales area has decreased, and the sales are average. The de - stocking speed has accelerated, and the short - term price of the apple main contract fluctuates sharply [2] Summary by Relevant Catalogs Futures Market - The closing price of the apple futures main contract is 10,287 yuan/ton, a decrease of 29 yuan; the main contract position is 119,758 lots, a decrease of 7,496 lots; the net long position of the top 20 futures holders is 9,438 lots, a decrease of 4,620 lots [2] Spot Market - The spot price of apples in Gansu Jingning (paper - bagged above 75) is 5.25 yuan/jin, in Shandong Yiyuan (paper - bagged above 75) is 2.4 yuan/jin, in Shaanxi Luochuan (paper - bagged above 70 semi - commodity) is 4.2 yuan/jin, and in Shandong Yantai Qixia (paper - bagged above 80 first - and second - grade fruit farmer's goods) is 3.7 yuan/jin [2] Upstream Situation - The national apple output is 5,128.51 million tons, the apple orchard area in the whole country is 1,955.77 thousand hectares, a decrease of 19.58 thousand hectares; the weekly apple wholesale price is 9.42 yuan/kg, a decrease of 0.14 yuan; the average wholesale price of Fuji apples is 9.37 yuan/kg, an increase of 0.01 yuan [2] Industry Situation - The total inventory of national apple cold storage is 527.53 million tons, a decrease of 25.39 million tons; the storage capacity ratio of Shandong apples is 0.42, a decrease of 0.01; the storage capacity ratio of Shaanxi apples is 0.42, a decrease of 0.02; the monthly apple export volume is 160,000 tons, an increase of 40,000 tons; the monthly year - on - year export amount of apples is 30.7%, an increase of 14.5%; the monthly import amount of fresh and dried fruits and nuts is 1,775,355 million US dollars, an increase of 657,409 million US dollars; the weekly profit of first - and second - grade paper - bagged 80 apple storage merchants is 0.3 yuan/jin [2] Downstream Situation - The weekly wholesale price of pears is 6.69 yuan/kg, a decrease of 0.12 yuan; the weekly wholesale price of watermelons is 6.88 yuan/kg, a decrease of 0.24 yuan; the weekly wholesale price of bananas is 6.52 yuan/kg, an increase of 0.07 yuan. The average daily morning arrival volume at the Guangdong Jiangmen wholesale market is 9.6 vehicles, a decrease of 2.65 vehicles; at the Guangdong Xiaqiao wholesale market is 12.4 vehicles, a decrease of 2.85 vehicles; at the Guangdong Chalong wholesale market is 18.4 vehicles, a decrease of 4.85 vehicles [2] Option Market - The implied volatility of at - the - money call options for apples is 35.9%, a decrease of 3.04%; the implied volatility of at - the - money put options for apples is 35.89%, a decrease of 3.02% [2]