果蔬品日报：苹果优果支撑，红枣库存承压-20260401

Group 1: Investment Ratings - The investment strategy for both the apple and jujube industries is neutral [3][6] Group 2: Core Views - The apple market is supported by low inventory and a scarcity of high - quality fruits, but the demand for Tomb - Sweeping Festival stocking was lower than expected, resulting in a slowdown in spot trading. The market is polarized, with high - quality fruits in the northwest having stable prices and ordinary fruits in Shandong having chaotic prices and slow sales. The apple futures price may continue to fluctuate, and future attention should be paid to the weather during the new - season flowering period [2] - The jujube market has abundant supply in the production areas but slow sales, and the sales areas only maintain rigid - demand purchases. As the weather warms up, jujube consumption enters the off - season, and high social inventory and difficult inventory reduction put pressure on spot prices. Although the futures price is at a low level, industrial hedging pressure restricts the rebound space, and the short - term market may continue to fluctuate at the bottom. Future attention should be paid to the weather during the budding period in the production areas and the inventory digestion rhythm [5] Group 3: Apple Market News and Important Data - Futures: The closing price of the apple 2605 contract was 9826 yuan/ton, a change of - 37 yuan/ton or - 0.38% from the previous day [1] - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 4.00 yuan/jin, unchanged from the previous day; the price of more than 70 semi - commercial late Fuji in Shaanxi Luochuan was 4.35 yuan/jin, unchanged from the previous day. The spot basis AP05 - 1826 in Qixia and AP05 - 1126 in Luochuan increased by 37 compared to the previous day [1] - Market information: In the production areas, merchants preferentially purchase high - quality goods, and the trading of ordinary goods is slow. In the northwest, inventory holders are reluctant to sell high - quality goods, and the inquiry for ordinary goods is limited. In Shandong, the number of merchants looking for high - quality goods is okay, but the export fruit transfer has slowed down. In the sales areas, the number of arriving trucks has increased slightly, and the terminal sales are average [1] Group 4: Apple Market Analysis - The apple futures price continued its weak consolidation, and the process of contract roll - over accelerated. The core support comes from the structural contradiction of low inventory and scarcity of high - quality fruits, but the demand for Tomb - Sweeping Festival stocking was lower than expected, resulting in a slowdown in spot trading. The production areas are polarized, and the sales areas have a weak sales atmosphere. Short - term long and short factors are intertwined, and the futures price may continue to fluctuate. Future attention should be paid to the weather during the new - season flowering period [2] Group 5: Jujube Market News and Important Data - Futures: The closing price of the jujube 2605 contract was 8750 yuan/ton, a change of - 25 yuan/ton or - 0.28% from the previous day [3] - Spot: The price of first - grade gray jujube in Hebei was 7.90 yuan/kg, unchanged from the previous day. The spot basis CJ05 - 850 increased by 25 compared to the previous day [3] - Market information: The purchase price range of Xinjiang gray jujubes in the 2025 production season was 5.00 - 6.50 yuan/kg. The temperature in the production areas is relatively normal, and farmers are actively carrying out field management. On March 30, 10 trucks arrived at the Hebei Cuierzhuang market, and 5 trucks arrived at the Guangdong Ruyifang market. The prices were generally stable, and the market transactions were average [3] Group 6: Jujube Market Analysis - The jujube futures price continued its weak oscillation. The production areas have abundant supply but slow sales, and the sales areas only maintain rigid - demand purchases. As the weather warms up, jujube consumption enters the off - season, and high social inventory and difficult inventory reduction put pressure on spot prices. Although the futures price is at a low level, industrial hedging pressure restricts the rebound space, and the short - term market may continue to fluctuate at the bottom. Future attention should be paid to the weather during the budding period in the production areas and the inventory digestion rhythm [5]