苹果产业日报-20260311

1. Report Industry Investment Rating - No relevant content found 2. Core Viewpoints of the Report - The good-quality apples in the producing areas remain stable and firm, while the general-quality apples from farmers are slightly weak. Merchants have a strong willingness to purchase good-quality apples. It is expected that the trading of good-quality apples in the western region will be active in the short term, and the overall price will remain stable, continuing the polarization trend [2]. - The shipment situation in the producing areas varies, with the western region being stronger than the eastern region. As of March 4, 2026, the inventory of apple cold storages in the main producing areas across the country was 527.53 tons, a decrease of 25.39 tons compared to the previous week, and the inventory removal speed has accelerated [2]. - In the sales areas, the post - festival market sales are stable, the market arrival volume is low, and the shipment has slowed down. However, due to the influence of low inventory, low high - quality fruit rate, and delivery logic, the price of the short - term apple main contract fluctuates more violently [2]. 3. Summary According to Relevant Catalogs Futures Market - The closing price of the apple futures main contract is 10,236 yuan/ton, a decrease of 67 yuan; the position of the main contract is 115,949 lots, an increase of 3,378 lots; the net long position of the top 20 futures holders is 9,211 lots, a decrease of 12 lots [2]. Spot Market - The spot price of apples in Gansu Jingning (paper - bagged, above 75) is 5.25 yuan/jin, with no change; the spot price in Shandong Yiyuan (paper - bagged, above 75) is 2.4 yuan/jin, with no change; the spot price in Shaanxi Luochuan (paper - bagged, above 70) is 4.2 yuan/jin, with no change; the spot price in Shandong Yantai Qixia (paper - bagged, above 80) is 3.7 yuan/jin, with no change [2]. Upstream Situation - The annual apple output in the country is 5,128.51 tons; the weekly apple wholesale price is 168.34 yuan/kg; the national apple orchard area is 1,955.77 thousand hectares, a decrease of 19.58 thousand hectares; the average weekly wholesale price of Fuji apples is 0.09 yuan/kg [2]. Industry Situation - The total inventory of national apple cold storages is 527.53 tons, a decrease of 25.39 tons; the storage capacity ratio of Shandong apples is 41.561%, a decrease of 1.45%; the storage capacity ratio of Shaanxi apples is 41.75%, a decrease of 2.13%; the monthly apple export volume is 160,000 tons, an increase of 40,000 tons; the monthly year - on - year export amount is 30.7%, an increase of 14.5%; the monthly import amount of fresh and dried fruits and nuts is 1,775,355 US dollars, an increase of 657,409 US dollars; the weekly profit of storage merchants for first - and second - grade paper - bagged 80 apples is 0.3 yuan/jin, with no change [2]. Downstream Situation - The weekly wholesale price of pears is 6.67 yuan/kg, a decrease of 0.02 yuan; the weekly wholesale price of watermelons is 6.75 yuan/kg, a decrease of 0.13 yuan; the weekly wholesale price of bananas is 6.52 yuan/kg, with no change; the average daily early - morning arrival volume at the Guangdong Jiangmen wholesale market is 9.6 vehicles, a decrease of 2.65 vehicles; the average daily early - morning arrival volume at the Guangdong Xiaqiao wholesale market is 12.4 vehicles, a decrease of 2.85 vehicles; the average daily early - morning arrival volume 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 36.26%, a decrease of 2.25%; the implied volatility of at - the - money put options for apples is 36.26%, a decrease of 2.3% [2]