红枣市场周报-20260313

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - This week, the price of the main contract of Zhengzhou jujube rebounded, with a weekly increase of about 0.78%. The weather in Xinjiang's jujube - producing areas will cool down, and due to the generally higher accumulated temperature in the main producing areas since winter, jujube trees may germinate earlier. The inventory of 36 sample points decreased slightly this week, and the downstream customers mainly purchase on - demand. Affected by other commodities and good quality, the short - term upward driving force of jujube prices has increased [9][11]. 3. Summary According to the Directory 3.1. Weekly Key Points Summary - Market trend: The price of the main contract of Zhengzhou jujube rebounded this week, with a weekly increase of about 0.78% [9][11]. - Market outlook: Xinjiang's jujube - producing areas will cool down, and jujube trees may germinate earlier. As of March 12, 2026, the physical inventory of 36 sample points was 11,700 tons, a decrease of 117 tons from last week, a month - on - month decrease of 0.99% and a year - on - year increase of 7.39%. The market trading atmosphere is stable, and the short - term upward driving force of jujube prices has increased [9]. - Future trading tips: Pay attention to spot prices and the consumer side [9]. 3.2. Futures and Spot Market - Futures price: The price of the Zhengzhou jujube 2605 contract rebounded this week, with a weekly increase of about 0.78% [11]. - Top 20 positions: As of this week, the net position of the top 20 in jujube futures was - 20,018 lots [15]. - Futures warehouse receipts: As of this week, the number of Zhengzhou jujube warehouse receipts was 4,027 [19]. - Futures price difference: As of this week, the price difference between the Zhengzhou Commodity Exchange's jujube futures 2605 contract and the 2609 contract was - 370 yuan/ton [22]. - Basis: As of this week, the basis between the spot price of Hebei grey jujube and the main contract of jujube futures was 115 yuan/ton [25]. - Purchase price of bulk jujubes in the main producing areas: As of March 13, 2026, the bulk jujube price in Aksu was 5.15 yuan/kg, in Alar was 5.65 yuan/kg, and in Kashgar was 6.5 yuan/kg [28]. - Spot price of first - grade jujubes: As of March 13, 2026, the wholesale price of first - grade grey jujubes in Cangzhou, Hebei was 3.95 yuan/jin, and in Henan was 4.15 yuan/jin [32]. - Spot price of special - grade jujubes: As of March 13, 2026, the spot price of special - grade grey jujubes in Cangzhou, Hebei was 9.21 yuan/kg, and the wholesale price in Henan was 9.50 yuan/kg [36]. 3.3. Industrial Chain Situation - Supply side - inventory: As of March 12, 2026, the physical inventory of 36 sample points was 11,700 tons, a decrease of 117 tons from last week, a month - on - month decrease of 0.99% and a year - on - year increase of 7.39% [40]. - Supply side - possible decline in production: The jujube production in the 2025/26 production season is expected to decline [44]. - Demand side - export volume: In December 2025, China's jujube export volume was 5,071,577 kg, the export value was 79,876,362 yuan, the export average price was 15,749.81 yuan/ton, the export volume increased by 43.36% month - on - month and decreased by 18.20% year - on - year. From January to December 2025, the cumulative export volume was 34,362,765 kg, a cumulative year - on - year decrease of 3.58% [47]. - Demand side - BOCE Xinjiang jujube trading: This week, the order volume of BOCE Xinjiang jujube had a small amount of transactions [52]. 3.4. Options Market and Futures - Stock Correlation - Options market: The report shows the implied volatility of at - the - money options for jujubes this week, but no specific data is provided [53]. - Stock market - Haoxiangni: The report shows the price - to - earnings ratio of Haoxiangni, but no specific analysis is provided [55].