Report Industry Investment Rating - The investment rating for both the apple and red date industries is neutral [4][8] Core Viewpoints - For apples, the current expectation of a production reduction is weakening during the bagging stage, but weather still poses a disturbance. In the short term, apple prices are expected to fluctuate. Attention should be paid to the bagging progress, weather changes, and other factors [3][4] - For red dates, the current growth of red dates is relatively normal, and there are no adverse conditions affecting their growth. With the end of the Dragon Boat Festival stocking, the trading atmosphere has weakened, and the inventory has slightly increased. The red date market is in a traditional off - season, with prices at historical lows and a bearish overall commodity sentiment. It is necessary to closely monitor weather disturbances for potential market opportunities [7][8] Summary by Related Catalogs Apple Market News and Important Data - Futures: The closing price of the apple 2510 contract yesterday was 7,710 yuan/ton, a change of - 40 yuan/ton or - 0.52% from the previous day. - Spot: The price of 80 first and second - grade late Fuji in Shandong Qixia was 4.10 yuan/jin, unchanged from the previous day, with a spot basis of AP10 + 490, a change of + 40 from the previous day. The price of more than 70 semi - commercial late Fuji in Shaanxi Luochuan was 4.80 yuan/jin, unchanged from the previous day, with a spot basis of AP10 + 1890, a change of + 40 from the previous day [1] Market Analysis - The apple futures price closed lower yesterday. The bagging work is in progress, with the bagging quantity in Shandong slightly higher than last year and that in the western region lower. Seasonal fruits have impacted apple consumption, and the enthusiasm of merchants for procurement is average. The apple de - stocking speed has slowed down compared to the same period last year, but the remaining inventory is at the lowest level in the same period in the past five years. The new - season apple production has uncertainties due to the impact of extreme weather on fruit setting [2][3] Strategy - Take a neutral stance. In the short term, consider apple prices to be in a fluctuating trend [4] Red Date Market News and Important Data - Futures: The closing price of the red date 2509 contract yesterday was 8,795 yuan/ton, a change of - 15 yuan/ton or - 0.17% from the previous day. - Spot: The price of first - grade grey jujubes in Hebei was 8.30 yuan/kg, unchanged from the previous day, with a spot basis of CJ09 - 495, a change of + 15 from the previous day [5] Market Analysis - Red date futures closed slightly lower yesterday. The growth of jujube trees in the main producing areas is good, and the supply of goods in the sales area is continuous with a high cost - performance ratio. After the Dragon Boat Festival stocking, the trading atmosphere has weakened, and the inventory has slightly increased. The red date market is in a traditional off - season, with prices at historical lows and a bearish overall commodity sentiment [6][7] Strategy - Take a neutral stance. Closely monitor weather disturbances for potential market opportunities [8]