Ruida Futures(SZ:002961) Rui Da Qi Huo·2026-04-01 09:08Report Industry Investment Rating - Not provided Core Viewpoints - The apple market transaction has slowed down, and the atmosphere of stocking up for the Tomb-Sweeping Festival is average. As of March 25, 2026, the inventory in apple cold storage in the main producing areas across the country was 441790 tons, a decrease of 26640 tons compared with the previous week, and the shipment in the producing areas has relatively slowed down. The storage capacity ratio in Shandong and Shaanxi has decreased, and the overall transaction in the producing areas is not fast. The sales atmosphere in the sales area is not strong, and second - and third - level wholesalers mostly purchase goods as needed, with average shipment [2]. Summary by Directory Futures Market - The closing price of the apple futures main contract is 9860 yuan/ton, with a week - on - week increase of 34; the net long position of the top 20 futures holders is 2479 lots, with a week - on - week decrease of 2505; the main contract position is 43657 lots, with a week - on - week decrease of 2525 [2]. Spot Market - The spot price of apples in Gansu Jingning (paper - bagged above 75) is 5.25 yuan/jin, with no week - on - week change; the spot price of apples in Shaanxi Luochuan (paper - bagged above 70) is 4.3 yuan/jin, with no week - on - week change; the spot price of apples in Shandong Yiyuan (paper - bagged above 75) is 1.8 yuan/jin, with a week - on - week decrease of 0.2; the spot price of apples in Shandong Yantai Qixia (paper - bagged above 80) is 4 yuan/jin, with no week - on - week change [2]. Upstream Situation - The annual apple output in the country is 51285100 tons, with an increase of 1683400 tons; the apple orchard area in the country is 1955770 hectares, with a decrease of 195800 hectares; the weekly average wholesale price of apples is 9.33 yuan/kg, with a decrease of 0.09 yuan/kg; the weekly average wholesale price of Fuji apples is 9.39 yuan/kg, with a decrease of 0.02 yuan/kg; the total inventory of national apple cold storage is 441790 tons, with a decrease of 26640 tons; the storage capacity ratio of Shandong apples is 0.37, with a decrease of 0.01; the storage capacity ratio of Shaanxi apples is 0.34, with a decrease of 0.03; the monthly export volume of apples is 80000 tons, with a decrease of 20000 tons [2]. Industry Situation - The year - on - year monthly export amount of apples increased by 24.5%, with an increase of 11.4 percentage points; the monthly import amount of fresh and dried fruits and nuts is 12224580000 US dollars, with a decrease of 10843040000 US dollars; the weekly profit of storage merchants for first - and second - grade paper - bagged 80 apples is 0.35 yuan/jin, with no week - on - week change [2]. Downstream Situation - The weekly wholesale price of pears is 6.61 yuan/kg, with a decrease of 0.09 yuan/kg; the weekly wholesale price of watermelons is 6.15 yuan/kg, with a decrease of 0.24 yuan/kg; the weekly wholesale price of bananas is 6.39 yuan/kg, with a decrease of 0.08 yuan/kg; the average daily arrival volume of trucks in the morning at the Guangdong Jiangmen wholesale market is 15.2 vehicles, with no week - on - week change; the average daily arrival volume of trucks in the morning at the Guangdong Xiaqiao wholesale market is 16.4 vehicles, with a decrease of 0.8 vehicles; the average daily arrival volume of trucks in the morning at the Guangdong Chalong wholesale market is 26.6 vehicles, with an increase of 0.2 vehicles [2]. Option Market - The implied volatility of at - the - money call options for apples is 36.45%, with a decrease of 3.97 percentage points; the implied volatility of at - the - money put options for apples is 0.55%, with a decrease of 39.87 percentage points [2].