苹果产业日报-20260316

1. Report Industry Investment Rating - Not mentioned in the report 2. Core View of the Report - The apple market maintains a differentiated pattern with the west being strong and the east being stable. High - quality goods trade better than medium and low - grade goods. The supply of high - quality goods in areas like Shaanxi Luochuan is in short - term shortage. The inventory removal speed has accelerated. It is expected that the apple futures price will still have room to rise after a short - term adjustment [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the apple futures main contract is 10,064 yuan/ton, with a week - on - week increase of 66. The main contract position volume is 94,826 hands, with a week - on - week decrease of 4,425. The net long position volume of the top 20 futures holders is 2,115 hands, with a week - on - week decrease of 3,425 [2] 3.2 Spot Market - The spot price of apples in Gansu Jingning (paper - bagged above 75) is 5.25 yuan/jin. The spot price of apples in Shandong Yiyuan (paper - bagged above 75) is 2.2 yuan/jin, with a week - on - week decrease of 0.2. The spot price of apples in Shaanxi Luochuan (paper - bagged above 70 semi - commodity) is 4.25 yuan/jin, with a week - on - week increase of 0.05. The spot price of apples in Shandong Yantai Qixia (paper - bagged above 80 first - grade) is 3.7 yuan/jin, with no change [2] 3.3 Upstream Situation - The national apple output is 5,128.51 million tons. The national apple orchard area is 1,955.77 thousand hectares, with a year - on - year decrease of 19.58. The weekly fruit wholesale price of apples is 9.51 yuan/kg, with a week - on - week increase of 0.09. The average wholesale price of Fuji apples is 9.52 yuan/kg, with a week - on - week increase of 0.15. The national apple cold - storage total inventory is 499.72 million tons, with a week - on - week decrease of 27.81. The storage capacity ratio of Shandong apples is 0.4, with a week - on - week decrease of 0.02. The storage capacity ratio of Shaanxi apples is 0.39, with a week - on - week decrease of 0.03. The monthly apple export quantity is 160,000 tons, with an increase of 40,000 tons [2] 3.4 Industry Situation - The monthly year - on - year export amount of apples is 30.7%, with an increase of 14.5. The monthly import amount of fresh and dried fruits and nuts is 1,775,355 million US dollars, with an increase of 657,409 million US dollars. The weekly profit of storage merchants for first - and second - grade paper - bagged 80 apples is 0.35 yuan/jin, with a week - on - week increase of 0.05 [2] 3.5 Downstream Situation - The weekly fruit wholesale price of pears is 6.67 yuan/kg, with a week - on - week decrease of 0.02. The weekly fruit wholesale price of bananas is 6.52 yuan/kg, with no change. The weekly fruit wholesale price of watermelons is 6.75 yuan/kg, with a week - on - week decrease of 0.13. The early - morning average daily arrival vehicle volume at the Guangdong Jiangmen wholesale market is 12.8 vehicles, with an increase of 3.2. The early - morning average daily arrival vehicle volume at the Guangdong Xiaqiao wholesale market is 18.4 vehicles, with an increase of 6. The early - morning average daily arrival vehicle volume at the Guangdong Chalong wholesale market is 24 vehicles, with an increase of 5.6 [2] 3.6 Option Market - The implied volatility of at - the - money call options for apples is 33.96%, with a week - on - week decrease of 4.02. The implied volatility of at - the - money put options for apples is 33.96%, with a week - on - week decrease of 4.08 [2]