苹果产业日报-20260326

Report Summary of Apple Industry 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Report's Core View - As of March 25, 2026, the inventory of apple cold storage in the main producing areas of China was 4417900 tons, a decrease of 266400 tons compared with the previous week, and the shipment in the producing areas was relatively slow [2]. - The apple market is still mainly trading high - quality goods. In the Shandong region, the inquiry and trading volume of high - quality goods increased slightly, and the price was stable with a slight upward trend. In the Shaanxi region, the trading of high - quality goods was fast at first and then slow, and the trading of general goods was slow [2]. - The pre - Tomb - Sweeping - Festival stocking atmosphere in the producing areas was average. Merchants were more willing to look for high - quality goods and less enthusiastic about general goods. It is expected that the apple market will continue the polarization trend in the short term, with high - quality goods remaining stable and slightly strong and general goods remaining stable and slightly weak [2]. - After the previous significant fluctuations, the short - term apple futures prices may enter a volatile period [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the apple futures main contract was 9946 yuan/ton, a decrease of 32 yuan; the net long position of the top 20 futures holders was 4180 lots, a decrease of 158 lots; the main contract position volume was 62594 lots, a decrease of 94 lots [2]. Spot Market - The spot prices of apples in Gansu Jingning, Shandong Yiyuan, Shaanxi Luochuan, and Shandong Yantai Qixia remained unchanged [2]. Upstream Situation - The national apple output was 51285100 tons, the apple orchard area in the whole country was 1955770 hectares, the fruit wholesale price of apples was 168.34 yuan/kg, and the average wholesale price of Fuji apples was 195.8 yuan/kg, a decrease of 19.58 yuan/kg [2]. Industry Situation - The total national apple cold storage inventory was 4417900 tons, a decrease of 266400 tons; the storage capacity ratio in Shandong was 37.01%, a decrease of 1.38%; the storage capacity ratio in Shaanxi was 33.68%, a decrease of 2.57% [2]. - The monthly export volume of apples was 80000 tons, a decrease of 20000 tons; the year - on - year increase in the monthly export amount was 24.5%, an increase of 11.4 percentage points; the monthly import amount of fresh, dried fruits and nuts was 12224580000 dollars, a decrease of 10843040000 dollars [2]. - The weekly profit of storage merchants for first - and second - grade paper - bag apples of 80 was 0.35 yuan/jin, unchanged [2]. Downstream Situation - The fruit wholesale price of pears was 6.7 yuan/kg, an increase of 0.06 yuan/kg; the price of watermelons was 6.39 yuan/kg, a decrease of 0.12 yuan/kg; the price of bananas was 6.47 yuan/kg, a decrease of 0.1 yuan/kg [2]. - The average daily number of incoming trucks in the morning at the wholesale markets in Guangdong Jiangmen, Guangdong Xiaqiao, and Guangdong Chalong was 15.2, 17.2, and 26.4 respectively, with changes of 2.4, - 1.2, and 2.4 respectively [2]. Option Market - The implied volatility of at - the - money call options for apples was 40.42%, an increase of 1.61 percentage points; the implied volatility of at - the - money put options was 40.42%, an increase of 1.6 percentage points [2].