瑞达期货苹果产业日报-20260317

1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View of the Report - The apple market maintains a differentiated pattern of strong in the west and stable in the east, with good - quality goods trading better than medium and low - grade goods. The supply of good - quality goods in areas like Luochuan, Shaanxi is temporarily in short supply. As of March 11, 2026, the national apple cold - storage inventory decreased week - on - week, and the destocking speed accelerated. The sales in the distribution market are slow, but the high - quality goods are scarce and the price is firm. 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 Futures Market - The closing price of the apple futures main contract is 10,118 yuan/ton, with a week - on - week increase of 54; the main contract position is 90,214 lots, with a week - on - week decrease of 4,612; the net long position of the top 20 futures holders is 3,145 lots, with a week - on - week increase of 1,030 [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 2.2 yuan/jin; in Shaanxi Luochuan (paper - bagged above 70 semi - commercial) is 4.3 yuan/jin with a week - on - week increase of 0.05; in Shandong Yantai Qixia (paper - bagged above 80 first - grade) is 4 yuan/jin with a week - on - week increase of 0.3 [2] Upstream Situation - The national apple production is 5,128.51 million tons; the apple orchard area in the whole country is 1,955.77 thousand hectares; the fruit wholesale price of apples is 9.51 yuan/kg, and the average wholesale price of Fuji apples is 9.52 yuan/kg with a week - on - week increase of 0.15. The total national apple cold - storage inventory is 499.72 million tons, with a week - on - week decrease of 27.81; the storage capacity ratio in Shandong is 0.4 with a week - on - week decrease of 0.02; in Shaanxi is 0.39 with a week - on - week decrease of 0.03. The monthly export volume of apples is 160,000 tons, with an increase of 40,000 tons [2] Industry Situation - The year - on - year monthly export amount of apples increased by 30.7%, with a week - on - week increase of 14.5. The monthly import amount of fresh and dried fruits and nuts is 1,775,355 thousand US dollars, with an increase of 657,409 thousand 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] Downstream Situation - The fruit wholesale price of pears is 6.67 yuan/kg, with a week - on - week decrease of 0.02; bananas is 6.52 yuan/kg; watermelons is 6.75 yuan/kg, with a week - on - week decrease of 0.13. The average daily morning arrival of trucks at the Jiangmen wholesale market in Guangdong is 12.8 vehicles, with an increase of 3.2; at the Xiaqiao wholesale market in Guangdong is 18.4 vehicles, with an increase of 6; at the Chalong wholesale market in Guangdong is 24 vehicles, with an increase of 5.6 [2] Option Market - The implied volatility of at - the - money call options for apples is 35%, with a week - on - week increase of 1.04; the implied volatility of at - the - money put options for apples is 35%, with a week - on - week increase of 1.04 [2]