1. Report Industry Investment Ratings No information is provided in the report regarding industry investment ratings. 2. Core Views of the Report - **Natural Rubber**: Current raw material prices have downside support, and the inventory accumulation rate is starting to converge or is about to reach an inflection point. It is recommended to continue holding long positions [2]. - **Methanol**: The methanol market has weak supply and demand. The inventory in the inland area has decreased slightly, and the port inventory has also decreased slightly. However, the MTO demand is weak, which suppresses the price rebound. The two key variables in the current market are the reduction rhythm of imported methanol due to low Iranian production and geopolitical uncertainties. The price may be volatile in the short - term [6]. - **Glass and Soda Ash**: The soda ash market has strong supply and weak demand, and there is a possibility of further inventory accumulation in the future. It is expected to be volatile in the short - term, with a reference range of 1150 - 1250 yuan/ton. The glass market has high inventory, which restricts the upward space. It is recommended to pay attention to the performance of glass at 1000 yuan/ton and consider short - selling with a light position [8]. - **Polyolefins**: The spot price of polyolefins changes little, and the market is mainly for hedging purchases. The basis weakens. The static fundamentals show a decrease in both supply and demand and a slight accumulation of inventory. The upstream inventory is low and has a strong willingness to hold prices. In the short - term, the price increase space and sustainability are expected to be restricted [10]. - **Urea**: The urea supply is sufficient, and the daily output has further increased to 210,000 tons. The inventory reduction rhythm has slowed down. The industrial demand is decreasing, and the agricultural fertilizer preparation is in progress. The overall trading atmosphere is weak. The short - term price increase is mainly a hedging reaction, and the upward space may be limited. The main contract of urea should focus on the 1760 - 1820 yuan/ton range [11]. - **PVC and Caustic Soda**: The caustic soda market has an imbalance between supply and demand, with high inventory and weak demand. The cost provides some support, and the market may be in a volatile adjustment in the short - term. The PVC market has a weak fundamental situation. The inventory is increasing, and the cost support varies. The short - term price is expected to be easy to rise but difficult to fall, and the main contract should focus on the 4900 - 5300 yuan/ton range [13]. - **Crude Oil**: The uncertainty of the US - Iran negotiation is still large. In the short - term, the oil price is boosted by geopolitical fluctuations, but the weak supply - demand expectation of crude oil still suppresses the increase. The short - term Brent crude oil may operate in the range of 63 - 70 US dollars/barrel [14]. - **LPG**: The LPG price has increased slightly. The inventory of LPG refineries has increased slightly, while the port inventory has decreased. The upstream refinery operating rate has increased, and the downstream PDH operating rate has decreased. The short - term market trend needs to be further observed [17]. - **Pure Benzene and Styrene**: The supply - demand situation of pure benzene is gradually improving, but due to the import pressure and high port inventory, its own driving force is limited, and the price may follow the oil price and downstream styrene. The styrene industry profit is good, but the supply - demand is expected to be loose in February. The rebound space is limited under the high - valuation and weak supply - demand expectation [19]. 3. Summary by Relevant Catalogs Natural Rubber - **Price and Basis**: On February 4, the price of Yunnan state - owned whole - latex rubber (SCRWF) in Shanghai increased by 200 yuan/ton to 16,100 yuan/ton, with a growth rate of 1.26%. The basis of whole - latex decreased by 5 yuan/ton to - 285 yuan/ton, with a decline rate of 1.79% [2]. - **Fundamentals**: In December, the production of natural rubber in Thailand, Indonesia, and India increased, while that in China decreased. The weekly operating rates of semi - steel and all - steel tires changed slightly. The domestic tire production and export volume increased in December, and the import volume of natural rubber also increased significantly [2]. - **Inventory**: The bonded area inventory in Qingdao increased by 7,185 tons to 591,689 tons, with a growth rate of 1.23%. The factory - warehouse futures inventory of natural rubber on the Shanghai Futures Exchange decreased by 174 tons to 53,625 tons, with a decline rate of 3.10% [2]. Methanol - **Price and Spread**: On February 4, the closing price of MA2605 increased by 32 yuan/ton to 2,279 yuan/ton, with a growth rate of 1.42%. The MA59 spread decreased by 4 yuan/ton to - 36 yuan/ton, with a decline rate of 12.50% [6]. - **Inventory**: The methanol enterprise inventory decreased by 55,800 tons to 368,900 tons, with a decline rate of 13.14%. The methanol port inventory decreased by 61,000 tons to 1.411 million tons, with a decline rate of 4.14% [6]. - **Operating Rate**: The upstream domestic enterprise operating rate increased by 0.15 percentage points to 77.56%, and the upstream overseas enterprise operating rate decreased by 8.67 percentage points to 52.2% [6]. Glass and Soda Ash - **Price and Spread**: On February 2, the price of glass and soda ash in different regions remained stable. The glass 2605 contract increased by 37 yuan/ton to 1,109 yuan/ton, with a growth rate of 3.45%. The soda ash 2605 contract increased by 28 yuan/ton to 1,229 yuan/ton, with a growth rate of 2.33% [8]. - **Supply**: The soda ash production rate decreased by 2.58 percentage points to 84.19%, and the weekly production increased by 11,000 tons to 783,100 tons, with a growth rate of 1.48%. The daily melting volume of float glass decreased slightly, and the daily melting volume of photovoltaic glass decreased by 250 tons to 86,960 tons, with a decline rate of 0.29% [8]. - **Inventory**: The glass factory - warehouse inventory decreased by 652,000 weight boxes to 52.564 million weight boxes, with a decline rate of 1.22%. The soda ash factory - warehouse inventory increased by 23,000 tons to 1.5442 million tons, with a growth rate of 1.51% [8]. Polyolefins - **Price and Spread**: On February 4, the closing price of L2605 increased by 53 yuan/ton to 6,918 yuan/ton, with a growth rate of 0.77%. The L59 spread decreased by 6 yuan/ton to - 57 yuan/ton, with a decline rate of 11.76% [10]. - **Inventory**: The PE enterprise inventory increased by 56,700 tons to 379,700 tons, with a growth rate of 17.55%. The PP enterprise inventory decreased by 32,000 tons to 432,900 tons, with a decline rate of 7.39% [10]. - **Operating Rate**: The PE device operating rate decreased by 3.08 percentage points to 81.59%, and the PP device operating rate increased by 0.40 percentage points to 76.02% [10]. Urea - **Price and Spread**: On February 4, the urea futures fluctuated and rose. The 01 - 05 contract spread decreased by 2 yuan/ton to - 42 yuan/ton, with a decline rate of 5.00% [11]. - **Supply and Demand**: The domestic urea daily production increased by 8,700 tons to 211,100 tons, with a growth rate of 4.28%. The inventory in the factory decreased by 26,400 tons to 918,500 tons, with a decline rate of 2.79% [11]. PVC and Caustic Soda - **Price and Spread**: On February 4, the price of PVC in East China increased. The V2605 contract increased by 84 yuan/ton to 5,155 yuan/ton, with a growth rate of 1.7%. The V2605 - V2609 spread increased by 13 yuan/ton to - 99 yuan/ton, with a growth rate of 11.6% [13]. - **Supply and Demand**: The caustic soda industry operating rate increased by 0.6 percentage points to 91.4%, and the PVC total operating rate decreased by 0.9 percentage points to 77.1% [13]. - **Inventory**: The PVC upstream factory - warehouse inventory decreased by 18,000 tons to 290,000 tons, with a decline rate of 5.8%. The PVC total social inventory increased by 8,000 tons to 585,000 tons, with a growth rate of 1.4% [13]. Crude Oil - **Price and Spread**: On February 4, Brent crude oil increased by 2.13 US dollars/barrel to 69.46 US dollars/barrel, with a growth rate of 3.16%. The Brent - WTI spread increased by 0.20 US dollars/barrel to 4.32 US dollars/barrel, with a growth rate of 4.85% [14]. - **Fundamentals**: Affected by the uncertainty of the US - Iran negotiation and the US cold wave, the US crude oil production decreased significantly, and the inventory of crude oil and oil products decreased more than expected, but the gasoline inventory increased [14]. LPG - **Price and Spread**: On February 4, the main PG2603 contract increased by 57 yuan/ton to 4,251 yuan/ton, with a growth rate of 1.36%. The PG03 - 04 spread decreased by 12 yuan/ton to - 265 yuan/ton, with a decline rate of 4.74% [17]. - **Inventory**: The LPG refinery storage capacity ratio increased by 0.2 percentage points to 24.6%, and the LPG port inventory decreased by 121,000 tons to 1.88 million tons, with a decline rate of 6.05% [17]. - **Operating Rate**: The upstream main - refinery operating rate increased by 1.24 percentage points to 80.02%, and the downstream PDH operating rate decreased by 1.53 percentage points to 60.7% [17]. Pure Benzene and Styrene - **Price and Spread**: On February 4, the Brent crude oil price increased by 2.13 US dollars/barrel to 69.46 US dollars/barrel, with a growth rate of 3.2%. The EB - BZ spot spread increased by 40 yuan/ton to 1,780 yuan/ton, with a growth rate of 2.3% [19]. - **Inventory**: The pure benzene inventory in Jiangsu ports decreased by 9,000 tons to 296,000 tons, with a decline rate of 3.0%. The styrene inventory in Jiangsu ports increased by 8,000 tons to 108,600 tons, with a growth rate of 8.0% [19]. - **Operating Rate**: The Asian pure benzene operating rate increased by 0.6 percentage points to 77.6%, and the styrene operating rate decreased by 0.4 percentage points to 69.3% [19].

行业 沥青日报 日期 2026 年 2 月 5 日 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635570 请阅读正文后的声明 每日报告 一、行情回顾与操作建议 表1： 行情回顾(元/吨) | | 开盘 | 收盘 | 最高 | 最低 | 涨跌幅% | 成交量（万手） | | --- | --- | --- | --- | --- | --- | --- | | BU2603 | 3324 | 3361 | 3384 | 3311 | 1.69 | 14.85 | | BU2606 | 3320 | 3359 | 3383 | 3305 | 1.88 | 3.54 | 数据来源：wind,建信期货研究发展部 现货市场方面，华北、山东以及华南地区沥青现货价格均出现上涨，其余地 区沥青现货价格大体企稳 ...

【冠通期货研究报告】 纯碱日报：短期震荡偏强 发布日期：2026 年 2 月 4 日 一、市场行情回顾 1，期货市场：纯碱主力高开高走，日内走强。120 分钟布林带三轨开口向 上，短期震荡偏强信号，盘中压力关注布林带上轨附近，支撑关注日线的 20 均 线附近。成交量较昨日增 44.7 万手，持仓量较昨日增 12546 手；日内最高 1234， 最低 1201，收盘 1229，（较昨结算价）涨 25 元/吨，涨幅 2.08%。 2，现货市场：低位震荡。企业装置窄幅波动，徐州丰成停车检修，产量窄 幅下移。下游需求不温不火，保持随用随采。 3，基差：华北重碱现货价格 1250，基差 21 元/吨。 二、基本面数据 供应方面，截止 1 月 29 日，国内纯碱产量 78.31 万吨，环比增加 1.14 万 吨，涨幅 1.47%。其中，轻碱产量 36.20 万吨，环比增加 0.32 万吨；重碱产量 42.11 万吨，环比增加 0.82 万吨。综合产能利用率 84.19%，上周 86.42%，环比 下降 2.23%。其中氨碱产能利用率 88.99%，环比增加 1.30%；联产产能利用率 74.65%，环比下降 3.34%。 ...

油料日报 | 2026-02-04 豆一流通偏紧抬价，花生交投趋弱维稳 大豆观点 市场分析 中性 期货方面，昨日收盘豆一2605合约4384.00元/吨，较前日变化-9.00元/吨，幅度-0.20%。现货方面，食用豆现货基差 A05+56，较前日变化+9，幅度32.14%。 风险 无 市场资讯汇总：昨日东北地区大豆行情整体持稳，成交方面则因拍卖活动带动表现活跃，市场采购情绪较高，持 货看涨心态较为普遍。现货方面：黑龙江哈尔滨市场国标一等蛋白39%蛋白中粒塔粮装车报价2.22元/斤；黑龙江 双鸭山宝清市场国标一等蛋白39%蛋白中粒塔粮装车报价2.20元/斤；黑龙江佳木斯富锦市场国标一等蛋白39%蛋白 中粒塔粮装车报价2.22元/斤；黑龙江齐齐哈尔讷河市场国标一等蛋白41%蛋白中粒塔粮装车报价2.35元/斤；黑龙 江黑河嫩江市场国标一等蛋白41%蛋白中粒塔粮装车报价2.35元/斤；黑龙江绥化海伦市场国标一等蛋白41%蛋白中 粒塔粮装车报价2.33元/斤。 昨日豆一期货主力合约价格宽幅震荡。昨日中储粮单向拍卖交易呈现显著溢价，当前市场节前备货周期与优质粮 源结构性偏紧格局形成叠加，贸易端惜售挺价意愿持续较强。尽管春 ...

Group 1: Report Industry Investment Rating - The investment rating for the rubber industry is "shockingly strong" [1] Group 2: Core Viewpoints of the Report - The rubber market shows a shockingly strong trend, with a trend strength of 1. In January, the all-steel tire industry was in a seasonal off - peak season, facing triple pressures from cost, demand, and inventory. In February, affected by the Spring Festival, the industry will enter a phased production suspension or limitation period. The market will show a trend of being quiet first and then stabilizing, with the focus on inventory reduction. Substantial improvement is expected in March [1][2][3] Group 3: Summary by Relevant Catalogs Fundamental Tracking - **Futures Market**: The daily - closing price of the rubber main contract (05) was 16,180 yuan/ton, up 200 yuan from the previous day; the night - closing price was 16,310 yuan/ton, up 220 yuan. The trading volume was 254,278 lots, a decrease of 176,248 lots; the open interest was 153,505 lots, a decrease of 2,489 lots. The number of warehouse receipts remained unchanged at 110,870 tons, and the net short position of the top 20 members increased by 1,704 lots [1] - **Spread Data**: The basis of "spot - futures main" remained at - 180, the spread of "mixed - futures main" decreased by 70 to - 1,050, and the monthly spread of "RU05 - RU09" remained at 130 [1] - **Spot Market**: In the external market quotes, RSS3 increased by 10 to 2,190 US dollars/ton, STR20 increased by 15 to 1,960 US dollars/ton, SMR20 increased by 15 to 1,950 US dollars/ton, and SIR20 increased by 30 to 1,880 US dollars/ton. Among the substitutes, the price of Qilu styrene - butadiene rubber remained at 13,200 yuan/ton, and Qilu cis - butadiene rubber increased by 50 to 12,800 yuan/ton. In the Qingdao market, the price of Thai standard rubber decreased by 25 US dollars/ton, and Thai mixed rubber also decreased by 25 US dollars/ton. The price of African 10 decreased by 15/10 US dollars/ton [1] Industry News - In January, the all - steel tire industry was in a seasonal off - peak season. The prices of natural rubber, synthetic rubber, carbon black, and additives rebounded, driving up the raw material cost index by over 5%. The cost pressure was difficult to transfer downstream, and the profit margin continued to narrow. The promotion effect was poor, and the terminal replacement demand was further weakened. In February, affected by the Spring Festival, the industry will have a phased production suspension or limitation. The market will be quiet before the festival and gradually recover after the festival, and the mainstream price will likely remain stable. The industry's focus is on inventory reduction, and the substantial improvement will wait until the peak production season in March [2][3]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 来源：华泰期货 作者： 白旭宇 苹果观点 市场要闻与重要数据 期货方面，昨日收盘苹果2605合约9485元/吨，较前一日变动+105元/吨，幅度+1.12%。现货方面，山东 栖霞80# 一二级晚富士价格4.00元/斤，较前一日变动+0.00元/斤，现货基差AP05-1485，较前一日变 动-105；陕西洛川70# 以上半商品晚富士价格4.20元/斤，较前一日变动+0.00元/斤，现货基差AP05- 1085，较前一日变动-105。 近期市场资讯，产区苹果交易局面较前期略有下降，价格暂稳为主。目前客商发前期包装好货源为主， 整体包装发运略有加快，主产区果农统货成交量一般，多以高次、三级果走货为主，部分果农急售情绪 加重。目前陕西果农货成交以少量两极货源为主，仍以客商发自存货源为主；甘肃产区静庄秦多以打包 客商货源发货为主，庆阳产区交易有所好转，走货尚可。山东产区成交一般，礼盒调货为主，少量75# 货源、三级货源出库为主。栖霞80#一二级片红果农货3.2-4.5元/斤，80#统货2.5-3元/斤附近。陕西洛川 产区果农统货出库价格3.5-4.0元/ ...

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The spot market is firm with rising prices due to increased pre - holiday construction site stocking demand, more factory orders, and active hedging by futures - cash traders, leading to strong reluctance among traders to sell. The 03 contract's valuation is being repaired due to low inventory and expected reduced future shipments. However, with the approaching Spring Festival, spot market trading activity is expected to decline, and demand remains weak. It is recommended to adopt a wait - and - see approach at current prices [3] Group 3: Summary by Relevant Catalogs Futures and Spot Prices - On February 3, 2026, the prices of log futures contracts (LG2603, LG2605, LG2607) increased, with LG2603 at 801.0, up 6.0 (0.75%) from the previous day; LG2605 at 802.0, up 6.0 (0.75%); LG2607 at 806.5, up 2.0 (0.25%). The主力合约基差 was - 51.0, down 6.0 from the previous day. Most spot prices of different types of logs at ports remained unchanged [2] - The latest round of FOB quotes showed that the CFR price of 4 - meter medium - grade A radiata pine increased by 3 to 113 US dollars per JAS cubic meter, while the CFR price of 11.8 - meter spruce remained at 125 euros per JAS cubic meter [2] Cost: Import Cost Calculation - On February 4, 2026, the RMB - US dollar exchange rate remained unchanged at 6.934. The import theoretical cost was 771.23 yuan, up 19.89 (3%) from the previous day [2] Supply: Monthly - In December 2025, the port shipping volume was 109.5 million cubic meters, a decrease of 94.5 million cubic meters (- 46.32%) compared to November. The number of ships at the port from New Zealand to China, Japan, and South Korea decreased from 55.0 to 29.0, a decrease of 26.0 (- 47.27%) [2] Inventory: Main Port Inventory (Weekly) - As of January 30, 2026, the total inventory of domestic softwood logs was 242 million cubic meters, a decrease of 7 million cubic meters (- 2.81%) compared to the previous week. In Shandong, the inventory was 177.10 million cubic meters, a decrease of 11.7 million cubic meters (- 6.20%); in Jiangsu, it was 40.76 million cubic meters, an increase of 7.8 million cubic meters (23.63%) [2] Demand: Daily Average Out - bound Volume - As of January 30, 2026, the daily average out - bound volume of logs was 6.17 million cubic meters, an increase of 0.01 million cubic meters compared to the previous week. In Shandong, it was 3.89 million cubic meters, an increase of 0.28 million cubic meters (8%); in Jiangsu, it was 1.59 million cubic meters, a decrease of 0.35 million cubic meters (- 18%) [3] Ship Arrival Forecast - From February 2 - 8, 2026, the number of pre - arriving New Zealand log ships at 13 Chinese ports was 5, a decrease of 2 from the previous week (a 29% week - on - week decrease), and the total arrival volume was about 18.5 million cubic meters, a decrease of 3.3 million cubic meters (a 15% week - on - week decrease) [3]

纯碱日报：短期震荡 发布日期：2026 年 2 月 3 日 一、市场行情回顾 1，期货市场：纯碱主力高开低走，日内震荡偏弱。120 分钟布林带走缩口喇 叭，短期震荡信号，盘中压力关注布林带上轨附近，短线支撑关注布林带下轨附 近。成交量较昨日减 75.6 万手，持仓量较昨日增 12315 手；日内最高 1215，最 低 1187，收盘 1201，（较昨结算价）跌 14 元/吨，跌幅 1.15%。 2，现货市场：弱稳维持。企业装置运行稳定，企业新订单接收一般。下游 企业有一定原料储备，备货意愿不佳，保持低价按需为主。 【冠通期货研究报告】 力度不足，未出现大规模集中补库。 利润方面，据隆众资讯统计，联碱法理论利润（双吨）为-26.5 元/吨，环比 增加 13.5 元/吨。氨碱法理论利润-88.35 元/吨，环比增加 7.95 元/吨。周内原 料端矿盐价格稳定，动力煤价格震荡下行，成本略有下滑。 3，基差：华北重碱现货价格 1250，基差 49 元/吨。 二、基本面数据 供应方面，截止 1 月 29 日，国内纯碱产量 78.31 万吨，环比增加 1.14 万 吨，涨幅 1.47%。其中，轻碱产量 36.20 万吨， ...

续至今，也在价格上得到充分体现。当前市场处于筑底阶段，市场虽无明显利多因素，但利空因素逐步兑 数据来源第三方(同花顺、wind)，观点仅供参考，市场有风险，投资需谨慎！ 白糖产业日报 2026-02-03 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:白糖(日,元/吨) | 5167 | -40 主力合约持仓量:白糖(日,手) | 451499 | 10416 10169 | | | 仓单数量:白糖(日,张) | 14216 | 147 期货前20名持仓:净买单量:白糖(日,手) | -62916 | | | | 有效仓单预报:白糖:小计(日,张) 进口加工估算价(配额内):巴西糖(日,元/ | 489 | 292 | | | | | | 3943 | -90 进口加工估算价(配额内):泰国糖(日,元/ | 3988 | -90 | | | 吨) 进口巴糖估算价(配额外,50%关税)(日,元 | | 吨) | | | | 现货市场 | | 4990 | -118 ...

Report Industry Investment Rating - No information provided Core View of the Report - The inventory of apples for the Spring Festival preparation has not changed significantly. Merchants mainly continue to package their own supplies. In some low - price producing areas, the trading of fruit farmers' goods has slightly improved. Merchants mainly package gift boxes, and fruit farmers are actively selling their goods, with prices determined by quality. The trading of high - price and high - quality apples in Shaanxi, such as Luochuan apples, remains sluggish, and the market situation has not changed much. The Spring Festival preparation is gradually entering the incremental stage. In the producing areas, the shipping speed has significantly accelerated, with the Gansu producing area performing better than others. Merchants still mainly ship their own inventory. As of January 28, 2026, the cold - storage inventory of apples in the main producing areas of the country was 6.5405 million tons, a decrease of 287,300 tons from the previous week. The inventory removal speed has accelerated compared to the previous week and is slightly higher than the same period last year. The storage capacity ratio in Shandong is 49.01%, a decrease of 1.29% from the previous week, and in Shaanxi, it is 50.85%, a decrease of 1.91% from the previous week. In the Shandong producing area, the overall packaging and shipping have increased, and some pre - packed gift boxes have been shipped to the market, with the shipment accelerating, but the transaction of fruit farmers' goods is still average. In Shaanxi, the inventory removal has slightly accelerated, and the transactions in Weinan and Xianyang have improved compared to before, with more merchants packing and shipping, and the fruit farmers' goods are mainly sold in two - polar sources. In the sales areas, there is a large backlog of goods in the transfer warehouses and on the ground vehicles, and the sales speed of gift - boxed goods is average. In terms of price, the price of general - quality fruit farmers' goods is stable with a weak trend, while the price of high - quality goods is stable [2] Summary by Relevant Catalogs Futures Market - The closing price of the main apple futures contract is 9,485 yuan/ton, and the position of the main contract is 101,361 hands, a decrease of 8,125 hands compared to the previous period. The net long position of the top 20 futures holders is 1,422 hands, and the previous value was 909 hands [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 2.4 yuan/jin, in Shaanxi Luochuan (paper - bagged, above 70 semi - commercial) is 4.2 yuan/jin, and in Shandong Yantai Qixia (paper - bagged, above 80, first - grade and second - grade fruit farmers' goods) is 3.7 yuan/jin [2] Upstream Situation - The annual apple production in the country is 51.2851 million tons, and the weekly wholesale price of apples is 9.47 yuan/kg, a decrease of 0.05 yuan/kg compared to the previous period [2] Industry Situation - The average weekly wholesale price of Fuji apples is 9.33 yuan/kg, an increase of 0.04 yuan/kg compared to the previous period. The total cold - storage inventory of apples in the country is 6.5405 million tons, a decrease of 287,300 tons compared to the previous week. The storage capacity ratio of apples in Shandong is 49.01%, a decrease of 1.29% compared to the previous week, and in Shaanxi is 50.85%, a decrease of 1.91% compared to the previous week. The monthly export volume of apples is 160,000 tons, an increase of 40,000 tons compared to the previous period. The monthly export amount of apples increased by 30.7% year - on - year, and the monthly import amount of fresh and dried fruits and nuts is 17.75355 million US dollars, an increase of 6.57409 million US dollars compared to the previous period. The weekly profit of storage merchants for first - and second - grade paper - bagged apples of 80 is 0 yuan/jin [2] Downstream Situation - The weekly wholesale price of pears is 6.52 yuan/kg, an increase of 0.02 yuan/kg compared to the previous period; the weekly wholesale price of bananas is 6.97 yuan/kg, a decrease of 0.07 yuan/kg compared to the previous period; the weekly wholesale price of watermelons is 5.9 yuan/kg, an increase of 0.05 yuan/kg compared to the previous period. The average daily number of trucks arriving in the morning at the Guangdong Jiangmen wholesale market is 17.4, an increase of 6.2 compared to the previous period; at the Guangdong Xiaqiao wholesale market is 7.8; at the Guangdong Chalong wholesale market is 23.4, an increase of 11.6 compared to the previous period [2] Option Market - The implied volatility of at - the - money call options for apples is 26.29%, an increase of 0.84% compared to the previous period; the implied volatility of at - the - money put options for apples is 26.29%, an increase of 0.84% compared to the previous period [2] Suggested Attention Points - Pay attention to the cold - storage inventory data on Thursday [2]