1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - This week, the price of the main contract of Zhengzhou jujube futures declined, with a weekly drop of approximately 4.35%. The jujube market is at a critical juncture between the old and new seasons, and the grey jujubes in the main producing areas have entered the sugar - increasing period. Attention should be paid to the growth of jujube fruits. In the sales area market, the inventory of 36 sample points decreased slightly, the arrival volume was small, the downstream purchasing enthusiasm was average, and the overall trading atmosphere during the double - festival stocking period was weak. It is recommended to take a short - selling approach on rallies for the Zhengzhou jujube 2601 contract in the short term [10][11] 3. Summary by Relevant Catalogs 3.1 Week - to - Week Summary - Future trading tips include monitoring spot prices and the consumer end [10] - The price of the main contract of Zhengzhou jujube declined this week, with a weekly drop of about 4.35% [10][11] - As of September 18, 2025, the physical inventory of 36 sample points was 9247 tons, a decrease of 74 tons from last week, a 0.79% month - on - month decrease, and an 80.64% year - on - year increase [10][38] - The arrival volume in the sales area market was small, the downstream purchasing enthusiasm was average, and the double - festival stocking intensity was general, resulting in a weak overall trading atmosphere [10] - It is recommended to take a short - selling approach on rallies for the Zhengzhou jujube 2601 contract in the short term [10] 3.2 Futures and Spot Market - The price of the Zhengzhou jujube 2601 contract declined this week, with a weekly drop of about 4.35% [11] - As of this week, the net position of the top 20 holders of jujube futures was - 3617 lots [12] - As of this week, the number of Zhengzhou jujube warehouse receipts was 8430 [17] - As of this week, the price difference between the Zhengzhou Commodity Exchange's jujube futures 2601 contract and the 2605 contract was - 5 yuan/ton [20] - As of this week, the basis between the spot price of Hebei grey jujube and the main contract of jujube futures was - 340 yuan/ton [23] - As of September 19, 2025, the purchase price of jujube bulk goods in Aksu was 4.80 yuan/kg, in Alar was 5.2 yuan/kg, and in Kashgar was 6.0 yuan/kg [26] - As of September 19, 2025, the wholesale price of first - grade grey jujubes in Cangzhou, Hebei, and Henan was 4.75 yuan/jin [30] - As of September 19, 2025, the spot price of special - grade grey jujubes in Cangzhou, Hebei, was 10.33 yuan/kg, and the wholesale price in Henan was 10.5 yuan/kg [34] 3.3 Industry Chain Situation - Supply side: As of September 18, 2025, the physical inventory of 36 sample points was 9247 tons, a decrease of 74 tons from last week, a 0.79% month - on - month decrease, and an 80.64% year - on - year increase [10][38] - Supply side: The jujube production has recovered significantly, and the output in the 2024/25 production season increased to 606.9 million tons [41] - Demand side: As of July 31, 2025, the monthly export volume of jujubes was 1784164 kg, a 1.08% month - on - month increase; the cumulative export volume from January to July 2025 was 18899838 kg, a 10.42% month - on - month increase [43] - Demand side: The trading of BOCE Xinjiang Jujube Good Brand was sluggish this week, with only a small amount of orders being fulfilled [48] 3.4 Options Market and Futures - Stock Correlation - Options market: Information about the implied volatility of at - the - money jujube options this week was presented, but specific data was not given [49] - Stock market: A graph of the price - to - earnings ratio of Hao Xiang Ni was shown, but specific data was not given [52]

红枣产业日报 2025-09-17 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 数据指标 | 项目类别 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货主力合约收盘价:红枣(日,元/吨) | 期货市场 | 10815 | 10 主力合约持仓量:红枣(日,手) | 143509 | 2418 | | 期货前20名持仓:净买单量:红枣(日,手) | | -4072 | -754 仓单数量:红枣(日,张) | 8871 | -29 | | 有效仓单预报:红枣:小计( ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - This week, the price of the main contract of Zhengzhou jujube rebounded, with a weekly increase of about 1.41%. The temperature in the main production areas of Xinjiang grey jujube is between 15°C - 31°C, and the jujube trees have entered the sugar - increasing period. There may be light rain in mid - to late September, and attention should be paid to the actual rainfall and jujube fruit quality changes [10]. - As of September 11, 2025, the physical inventory of 36 sample points of jujubes this week was 9321 tons, a decrease of 89 tons from last week, a month - on - month decrease of 0.95% and a year - on - year increase of 78.32%. The inventory of sample points decreased slightly. The arrival volume in the sales area market is low, the downstream purchasing enthusiasm is average, and the overall trading atmosphere is light. The mentality of holders has clearly diverged, and some are reluctant to sell and are waiting to see the future market. The supply - demand contradiction has not been effectively alleviated, and the market is still in a state of seeking direction in dynamic balance [10]. - It is recommended to wait and see for the short - term operation of the Zhengzhou jujube 2601 contract [10]. 3. Summary by Directory 3.1 Week - on - Week Key Points Summary - Future trading tips include spot price and consumer end [10]. - The price of the main contract of Zhengzhou jujube rebounded this week, with a weekly increase of about 1.41% [10]. - The temperature in the main production areas of Xinjiang grey jujube is between 15°C - 31°C, and the jujube trees have entered the sugar - increasing period. There may be light rain in mid - to late September, and attention should be paid to the actual rainfall and jujube fruit quality changes [10]. - As of September 11, 2025, the physical inventory of 36 sample points of jujubes this week was 9321 tons, a decrease of 89 tons from last week, a month - on - month decrease of 0.95% and a year - on - year increase of 78.32%. The inventory of sample points decreased slightly [10][38]. - The arrival volume in the sales area market is low, the downstream purchasing enthusiasm is average, and the overall trading atmosphere is light. The mentality of holders has clearly diverged, and some are reluctant to sell and are waiting to see the future market. The supply - demand contradiction has not been effectively alleviated, and the market is still in a state of seeking direction in dynamic balance [10]. - It is recommended to wait and see for the short - term operation of the Zhengzhou jujube 2601 contract [10]. 3.2 Futures and Spot Market Conditions - This week, the price of the main contract of Zhengzhou jujube: the selling price is 11155, the buying price is 11150, the latest price is 11155 with a decline of 30 or 0.27%, the current volume is 2, the trading volume is 94651, the open interest is 133338, the daily increase is - 4322, the highest price is 11270, the lowest price is 11110, the outside market volume is 46470, the settlement price is 11190, the ratio of Inner Mongolia is 50.9%, the limit - up price is 12080, and the limit - down price is 10290 [11]. - As of this week, the net position of the top 20 in jujube futures is - 4977 lots [12]. - As of this week, the number of Zhengzhou jujube warehouse receipts is 9986 [17]. - As of this week, the price difference between the 2601 contract and the 2605 contract of Zhengzhou Commodity Exchange jujube futures is - 135 yuan/ton [20]. - As of this week, the basis between the spot price of Hebei grey jujube and the main contract of jujube futures is - 665 yuan/ton [23]. - As of September 12, 2025, the purchase price of jujube bulk goods in Aksu is 4.80 yuan/kg, in Alar is 5.2 yuan/kg, and in Kashgar is 6.0 yuan/kg [26]. - As of September 12, 2025, the wholesale price of first - grade grey jujubes in Cangzhou, Hebei and Henan is 4.75 yuan/jin [30]. - As of September 12, 2025, the spot price of special - grade grey jujubes in Cangzhou, Hebei is 10.49 yuan/kg, and the wholesale price in Henan is 10.5 yuan/kg [34]. 3.3 Industrial Chain Situation - Supply side: As of September 11, 2025, the physical inventory of 36 sample points of jujubes this week was 9321 tons, a decrease of 89 tons from last week, a month - on - month decrease of 0.95% and a year - on - year increase of 78.32%. The inventory of sample points decreased slightly [10][38]. - Supply side: The jujube production has recovered significantly. In the 2024/25 production season, the jujube production increased to 606.9 million tons [41]. - Demand side: As of July 31, 2025, the monthly export volume of jujubes was 1784164 kg, a month - on - month increase of 1.08%; from January to July 2025, the cumulative export volume was 18899838 kg, a month - on - month increase of 10.42% [43]. - Demand side: The trading of BOCE Xinjiang Jujube Good Brand is cold, and there were only a small number of transactions in the order volume this week [48]. 3.4 Option Market and Futures - Stock Correlation - Option market: The implied volatility of at - the - money options of jujubes this week is presented in the figure, but no specific data is given [49]. - Stock market: The price - earnings ratio of Hao Xiang Ni is presented in the figure, but no specific data is given [51][52].

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - This week, the price of the main contract of Zhengzhou jujube futures declined, with a weekly drop of about 4.43%. The sales area market has a low arrival volume, and the downstream purchasing enthusiasm is average, resulting in a cold trading atmosphere. As of September 4, 2025, the physical inventory of 36 sample points of jujubes was 9,410 tons, a decrease of 46 tons from last week, a month - on - month decrease of 0.49% and a year - on - year increase of 76.45%. The inventory decreased slightly, but the supply pressure remains. The jujube market is in a "lean period", with complex market sentiment and price trends. The downstream demand is weak, the old - crop inventory is still high, and the supply - demand contradiction has not been effectively alleviated. The spot price has begun to loosen, and the jujube futures show a weak oscillating trend. It is recommended to wait and see for the short - term operation of the Zhengzhou jujube 2601 contract [10]. 3. Summary by Directory 3.1 Week - to - Week Summary - Future trading reminders include spot price and consumer side. The price of the main contract of Zhengzhou jujube decreased this week, with a weekly decline of about 4.43%. The sales area market has low arrival volume, average downstream purchasing enthusiasm, and a cold trading atmosphere. As of September 4, 2025, the physical inventory of 36 sample points decreased by 0.49% month - on - month and increased by 76.45% year - on - year. The supply pressure remains. The downstream demand is weak, the old - crop inventory is high, and the supply - demand contradiction is not alleviated. The spot price has loosened, and the jujube futures are in a weak oscillating trend. It is recommended to wait and see for the short - term operation of the Zhengzhou jujube 2601 contract [10]. 3.2 Futures and Spot Market - **Futures price**: The price of the Zhengzhou jujube 2601 contract dropped significantly this week, with a weekly decline of about 4.43% [12]. - **Top 20 positions**: As of this week, the net position of the top 20 in jujube futures was - 5,625 lots [17]. - **Warehouse receipts**: As of this week, the number of Zhengzhou jujube warehouse receipts was 9,986 [21]. - **Futures price spread**: As of this week, the price spread between the Zhengzhou Commodity Exchange jujube futures 2601 contract and the 2605 contract was - 140 yuan/ton [24]. - **Basis**: As of this week, the basis between the Hebei grey jujube spot price and the main contract of jujube futures was - 710 yuan/ton [27]. - **Purchase price of bulk jujubes in the main producing areas**: As of September 5, 2025, the bulk jujube price in Aksu was 4.80 yuan/kg, in Alar was 5.2 yuan/kg, and in Kashgar was 6.0 yuan/kg [30]. - **Spot price of first - grade jujubes**: As of September 5, 2025, the wholesale price of first - grade grey jujubes in Cangzhou, Hebei and Henan was 4.75 yuan/jin [33]. - **Spot price of special - grade jujubes**: As of September 5, 2025, the wholesale price of special - grade grey jujubes in Cangzhou, Hebei was 10.29 yuan/kg, and in Henan was 10.5 yuan/kg [36]. 3.3 Industry Situation - **Supply side - Inventory**: As of September 4, 2025, the physical inventory of 36 sample points of jujubes was 9,410 tons, a decrease of 46 tons from last week, a month - on - month decrease of 0.49% and a year - on - year increase of 76.45% [41]. - **Supply side - Yield**: In the 2024/25 production season, the jujube yield increased to 606.9 million tons due to good crop growth [44]. - **Demand side - Export volume**: As of July 31, 2025, the monthly export volume of jujubes was 1,784,164 kg, a month - on - month increase of 1.08%; the cumulative export volume from January to July 2025 was 18,899,838 kg, a month - on - month increase of 10.42% [46]. - **Demand side - BOCE trading**: This week, the BOCE Xinjiang Zao Hao brand had a small amount of trading in orders [51]. 3.4 Options Market and Futures - Stock Correlation - **Options market**: The report mentions the implied volatility of at - the - money jujube options this week, but no specific data is provided [52]. - **Futures - stock correlation**: The report shows the price - earnings ratio of Hao Xiang Ni, but no specific analysis is provided [54].

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - The market recognizes the reduction in the output of new - season Xinjiang gray dates, but there are certain differences in output estimates [2]. - Downstream demand is weak, market purchasing and sales are average, and old - crop inventories are in a slow de - stocking process. Spot prices are running smoothly, and red date futures are in a volatile trend. Future attention should be paid to the actual output and opening price performance. It is recommended to wait and see for now [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the futures main contract for red dates is 11,325 yuan/ton, a decrease of 55 yuan; the main contract position is 136,718 lots, an increase of 4,526 lots [2]. - The net long position of the top 20 futures holders is 1,801 lots, and the number of warehouse receipts is 10,037, with an effective warehouse receipt forecast of 737 lots [2]. 现货市场 - The unified - grade red date prices in Kashgar, Alar, and Aksu are 6 yuan/kg, 5.2 yuan/kg, and 4.8 yuan/kg respectively; the wholesale prices of first - grade gray dates in Hebei and Henan are 4.8 yuan/jin and 4.75 yuan/jin respectively [2]. - The prices of special - grade red dates in Henan, Hebei, and Guangdong are 10.5 yuan/kg, 10.5 yuan/kg, and 11.7 yuan/kg respectively; the price of first - grade red dates in Guangdong is 10.6 yuan/kg [2]. Upstream Market - The annual output of red dates is 3.187 million tons, and the planting area is 1.993 million hectares, a decrease of 4.1% [2]. Industry Situation - The national red date inventory is 9,456 tons, a decrease of 63 tons from last week, a 0.66% month - on - month decrease and a 74.95% year - on - year increase [2]. - The monthly export volume of red dates is 1,784,164 kg, an increase of 19,057 kg; the cumulative export volume is 18,899,838 kg [2]. Downstream Situation - The wholesale price of red dates in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is 1.47 yuan/kg, a decrease of 8 yuan [2]. - The cumulative sales volume of red dates of HaoXiangNi is 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year output growth rate is - 34.59% [2]. Industry News - On September 3, the weather in Alar was sunny with temperatures between 15 - 31°C. Jujube farmers were actively engaged in field management. Attention should be paid to the impact of rainfall in September on jujube fruits [2]. - On Wednesday, the red date 2601 contract closed down 0.57%. In 2024, the red date output increased year - on - year, resulting in old - crop inventories being much higher than the same period last year [2].

Report Industry Investment Rating - Not provided Core View of the Report - The market recognizes the potential reduction in the output of Xinjiang grey dates in the new season, but there are differences in the output estimates. Overall, the downstream demand is weak, market purchases and sales are average, the old inventory is in a slow de - stocking process, the spot price is stable, and the jujube futures show a volatile trend. It is recommended to wait and see for now, and pay attention to the actual output and opening price in the future [2] Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for jujube is 11,380 yuan/ton, the main contract's open interest is 132,192 lots (a decrease of 3,645 lots), the net long position of the top 20 futures holders is - 11,646 lots (an increase of 3,250 lots), the number of warehouse receipts is 10,089, and the total valid warehouse receipt forecasts is 737 [2] 现货市场 - The prices of jujube in different regions vary. For example, the unified - grade jujube price in Kashgar is 6 yuan/kg, the first - grade grey jujube wholesale price in Hebei is 4.8 yuan/jin, and the special - grade jujube price in Guangdong is 11.7 yuan/kg [2] Upstream Market - The annual jujube output is 6.069 million tons (an increase of 3.187 million tons), and the planting area is 1.993 million hectares (a decrease of 41,000 hectares) [2] Industry Conditions - The national jujube inventory is 9,456 tons (a decrease of 63 tons compared to last week, a 0.66% decrease), the monthly jujube export volume is 1,784,164 kg (an increase of 19,057 kg), and the cumulative monthly jujube export volume is 18,899,838 kg (an increase of 1,784,164 kg) [2] Downstream Conditions - The jujube wholesale price in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is not clearly stated (a decrease of 8), the cumulative quarterly jujube sales volume of好想你is 36,480.43 tons (a decrease of 2,981.06 tons), and the cumulative quarterly jujube output growth rate of好想你is 1.47% (a decrease of 34.59%) [2] Industry News - On September 2, the weather in Aksu was sunny with a temperature between 13 - 27°C. Jujube farmers were actively engaged in field management. The mainstream per - mu yield was 700 - 800 kg, and the first - crop large fruits were gradually turning red. Attention should be paid to rainfall. On Tuesday, the jujube 2601 contract closed down 0.39%. The jujube output in 2024 increased year - on - year, resulting in the old inventory being much higher than the same period last year [2]

Report Summary 1. Report Industry Investment Rating - No investment rating is provided in the report. 2. Core View of the Report - The market acknowledges the potential reduction in the output of Xinjiang grey dates in the new season, but there are differences in the output estimates. The downstream demand is weak, the market purchase and sales are average, the old - stock inventory is in a slow de - stocking process, the fundamentals change little, and the new - crop output awaits verification. The red date futures show a volatile trend. The future market should focus on the actual output and the opening price. It is recommended to wait and see for now [2]. 3. Summary According to Relevant Catalogs Futures Market - The closing price of the main futures contract for red dates is 11,340 yuan/ton, a decrease of 170 yuan; the position of the main contract is 135,837 lots, an increase of 4,162 lots; the net long position of the top 20 futures holders is - 14,896 lots, a decrease of 4,698 lots; the number of warehouse receipts is 10,089 sheets; the total valid warehouse receipt forecast for red dates is 737 sheets, a decrease of 1 sheet [2]. 现货市场 - The prices of red dates in various regions are as follows: the price of Kashgar red date bulk goods is 6 yuan/kg; the wholesale price of first - class grey dates in Hebei is 4.8 yuan/jin; the price of Alar red date bulk goods is 5.2 yuan/kg; the wholesale price of first - class grey dates in Henan is 4.75 yuan/jin; the price of Aksu red date bulk goods is 4.8 yuan/kg; the price of special - grade red dates in Henan is 10.5 yuan/kg; the price of special - grade red dates in Hebei is 10.47 yuan/kg, a decrease of 0.02 yuan; the price of special - grade red dates in Guangdong is 11.7 yuan/kg; the price of first - class red dates in Guangdong is 10.6 yuan/kg [2]. Upstream Market - The annual output of red dates is 6.069 million tons, an increase of 3.187 million tons; the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2]. Industry Situation - The national red date inventory is 9,456 tons, a decrease of 63 tons compared with last week, a month - on - month decrease of 0.66% and a year - on - year increase of 74.95%. The monthly export volume of red dates is 1,784,164 kg, an increase of 19,057 kg; the cumulative monthly export volume is 18,899,838 kg, an increase of 1,784,164 kg [2]. Downstream Situation - The wholesale price of red dates in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is 20 yuan/kg, a decrease of 8 yuan. The cumulative sales volume of red dates of Hao Xiang Ni is 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year output growth rate is 1.47%, a decrease of 34.59 percentage points [2]. Industry News - On September 1st, the weather in Kashgar was sunny with a temperature range of 18 - 33°C. According to on - the - spot research, the per - mu yield of each farm varies, with the mainstream per - mu yield ranging from 600 - 800 kg. The red dates have entered the sugar - increasing period, and attention should be paid to the rainfall in the main production areas in September. On Monday, the red date 2601 contract closed down 1.05%. In 2024, the red date output increased year - on - year, resulting in a higher inventory of old - crop products than the same period last year [2].

瑞达期货研究院 「2025.08.29」 红枣市场周报 库存缓慢下降，红枣震荡偏强 研究员：张昕 期货从业资格号F03109641 期货投资咨询从业证Z0018457 取 更 多 资 讯 业务咨询 添加客服 关 注 我 们 获 目录 1、周度要点小结 2、期现市场 3、产业情况 4、期权市场及期股关联 「 周度要点小结」 行情回顾：本周郑枣主力价格上涨，周度涨幅2.45%。 行情展望：2024年红枣产量同比增长，导致旧作库存高于去年同期。据Mysteel 农产品调研数据统计，第35周36家样本点红枣物理库存在9456吨，较上周减少 63吨，环比减少0.66%，同比增加74.95%，样本点库存下降。销区到货量少，同 时下游采购积极性不高，导致购销清淡。市场对新季新疆灰枣减产认可，但是 产量预估存在一定分歧，关注9月降雨情况。总体来说，下游需求表现疲软，市 场购销一般，旧作库存处于缓慢去库存进程，基本面变化不大，新作减产情况 等待验证，红枣期货震荡略偏强，后市关注实际产量以及开秤价表现。操作上， 建议暂时观望。 未来交易提示： 1、天气影响 2、消费端 3 「 期现市场情况」 本周红枣期货价格走势 图1、郑枣主力 ...

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - The market acknowledges the potential reduction in the output of Xinjiang grey jujubes in the new season, but there are certain disagreements in the output estimates. Overall, the fundamental situation has not changed significantly. The jujube futures lack clear guidance and show a fluctuating trend. In the future, attention should be paid to the actual output and the opening purchase price. It is recommended to wait and see for now [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main jujube futures contract was 11,360 yuan/ton; the main contract's open interest was 130,407 lots, a decrease of 1,842 lots; the net buy volume of the top 20 futures positions was -11,154 lots, a decrease of 2,456 lots; the number of delivery warrants was 9,962; the total valid delivery warrant forecasts was 1,007, with no change [2] 3.2 Spot Market - The prices of various grades of jujubes in different regions remained mostly stable, with only a 0.04 yuan/kg decrease in the price of premium jujubes in Hebei [2] 3.3 Upstream Market - The annual jujube output was 6.069 million tons, an increase of 3.187 million tons; the planting area was 1.993 million hectares, a decrease of 41,000 hectares [2] 3.4 Industry Situation - The national jujube inventory was 9,519 tons, a decrease of 167 tons from the previous week, a 1.72% decrease and a 79.20% increase year-on-year; the monthly jujube export volume was 1,784,164 kg, an increase of 19,057 kg; the cumulative monthly jujube export volume was 18,899,838 kg, an increase of 1,784,164 kg [2] 3.5 Downstream Situation - The wholesale price of jujubes in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi was 20 yuan/kg, a decrease of 8; the cumulative jujube sales volume of Hao Xiang Ni was 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year-on-year jujube output growth rate of Hao Xiang Ni was 1.47%, a decrease of 34.59 percentage points [2] 3.6 Industry News - On August 27th, the weather in Kashgar was sunny with temperatures ranging from 17 - 31°C. According to on - the - spot research, the per - mu yield of each farm varied, with the mainstream per - mu yield ranging from 600 - 800 kg. The jujubes have entered the sugar - increasing period, and attention should be paid to the rainfall in the main producing areas in September. On Wednesday, the jujube 2601 contract closed down 0.31%. The jujube output in 2024 increased year - on - year, resulting in higher old - crop inventories than the same period last year [2]

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The fundamentals of the red date market have changed little, and the red date futures lack guidance, showing a volatile trend. The market recognizes the reduction in the output of Xinjiang grey dates in the new season, but there are certain differences in the output estimates. It is recommended to wait and see for now and pay attention to the actual output and the opening price in the future [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for red dates is 11,410 yuan/ton; the main contract's open interest is 132,249 lots, a decrease of 517 lots; the net long position of the top 20 futures holders is -8,698 lots, a decrease of 1,157 lots; the number of warehouse receipts is 10,022 sheets; the effective warehouse receipt forecast is 1,007 sheets, an increase of 63 sheets [2]. Spot Market - The wholesale prices of first - grade grey dates in Hebei, Henan are 6 yuan/jin and 4.8 yuan/jin respectively; the wholesale prices of red date specialties in Hebei, Henan, and Guangdong are 10.38 yuan/kg, 10.5 yuan/kg, and 11.5 yuan/kg respectively; the first - grade red date price in Guangdong is 10.5 yuan/kg [2]. Upstream Market - The annual red date output is 3.187 million tons, and the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2]. Industry Situation - The national red date inventory is 9,519 tons, a decrease of 167 tons from last week, a 1.72% month - on - month decrease and a 79.20% year - on - year increase; the monthly red date export volume is 1,784,164 kg, an increase of 19,057 kg; the cumulative monthly red date export volume is 18,899,838 kg [2]. Downstream Situation - The red date wholesale price in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi Province is 8 yuan/kg; the cumulative sales volume of red dates of好想你 is 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year output of red dates of好想你 is 1.47%, a decrease of 34.59 percentage points [2]. Industry News - On August 26, the weather in Aksu was sunny with temperatures ranging from 14 - 27°C. Jujube farmers were actively engaged in field management. The mainstream per - mu yield was 700 - 800 kg, and the first - crop large fruits had gradually turned red. Attention should be paid to rainfall [2]. - On Tuesday, the red date 2601 contract rose 0.13%. In 2024, the red date output increased year - on - year, resulting in a higher inventory of old crops than the same period last year [2].