1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The temperature of grey jujubes in the main production area of Xinjiang is generally higher than the same period in recent years, and there is still a possibility of early budding of jujube trees. Attention should be paid to the budding situation [2] - As of March 26, 2026, the physical inventory of 36 sample points of jujubes this week was 11,459 tons, a decrease of 81 tons from last week, a month - on - month decrease of 0.70%, and a year - on - year increase of 6.07%. The sample inventory decreased slightly. As the weather warms up, jujubes gradually enter the off - season of consumption. The spot market purchase and sales atmosphere is relatively light. Downstream mostly maintains the on - demand procurement strategy, lacking the willingness to replenish inventory centrally. The overall trading activity is not high, and the market trading sentiment is relatively cautious. It is expected that the jujube price will still be in the bottom - building state in the future [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract of jujubes was 8,635 yuan/ton, a decrease of 115 yuan; the position of the main contract was 76,609 lots, a decrease of 1,251 lots [2] - The net long position of the top 20 futures positions of jujubes was - 21,805 lots, a decrease of 888 lots; the number of warehouse receipts was 4,349 sheets; the effective warehouse receipt forecast was 108 sheets, a decrease of 23 sheets [2] 3.2 Spot Market - The unified price of Kashgar jujubes was 6.5 yuan/kg, unchanged; the wholesale price of first - grade grey jujubes in Hebei was 3.95 yuan/jin, unchanged; the unified price of Alar jujubes was 5.65 yuan/kg, unchanged; the wholesale price of first - grade grey jujubes in Henan was 4.15 yuan/jin, unchanged; the price of special - grade jujubes in Henan was 9.5 yuan/kg, unchanged; the price of special - grade jujubes in Hebei was 9.06 yuan/kg, a decrease of 0.02 yuan; the price of special - grade jujubes in Guangdong was 10 yuan/kg, unchanged; the price of first - grade jujubes in Guangdong was 8.8 yuan/kg, unchanged [2] 3.3 Upstream Market - The annual output of jujubes 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 11,459 tons, a decrease of 81 tons; the monthly export volume of jujubes was 2,017,112 kg, a decrease of 2,593,149 kg; the cumulative export volume of jujubes was 6,627,373 kg, an increase of 2,017,112 kg [2] 3.5 Downstream Situation - The cumulative sales volume of jujubes of Hao Xiang Ni was 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year output of jujubes of Hao Xiang Ni was 1.47%, a decrease of 34.59 percentage points [2] - The average daily arrival of jujubes at Ruyifang Market was 2.25 vehicles, a decrease of 0.13 vehicles; the average monthly wholesale price of jujubes was 11.51 yuan/kg, an increase of 0.28 yuan [2] 3.6 Industry News - In Hebei Cuierzhuang Market, 7 vehicles of jujubes arrived at the parking area. The quality of the out - of - grade finished products was uneven. Merchants selected and purchased according to their needs, and the transaction was average [2] - In Guangdong Ruyifang Market, 3 vehicles of jujubes arrived. The market price was mainly stable, and downstream purchased according to their needs, with an average transaction [2]

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The temperature of grey jujubes in the main producing area of Xinjiang is generally higher than the same period in recent years, and there is still a possibility of early budding of jujube trees, so the budding situation should be monitored. As of March 26, 2026, the physical inventory of 36 sample points of jujubes this week was 11,459 tons, a decrease of 81 tons from last week, a month - on - month decrease of 0.70%, and a year - on - year increase of 6.07%. With the warming weather, jujubes are gradually entering the off - season of consumption. The spot market purchase and sales atmosphere is relatively light, and downstream buyers mostly maintain the strategy of purchasing on demand, lacking the willingness for centralized restocking. The overall trading activity is not high, and the market trading sentiment is relatively cautious. It is expected that the jujube price will still be in the bottom - building state in the future [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract of jujubes was 8,750 yuan/ton, a decrease of 25 yuan; the position of the main contract was 77,860 lots, a decrease of 1,273 lots; the net buying volume of the top 20 futures positions was - 20,917 lots, a decrease of 146 lots; the number of warehouse receipts was 4,269 lots; the effective warehouse receipt forecast was 131 lots [2] 3.2 Spot Market - The unified price of Kashgar jujubes was 6.5 yuan/kg; the wholesale price of first - grade grey jujubes in Hebei was 3.95 yuan/jin; the unified price of Alar jujubes was 5.65 yuan/kg; the wholesale price of first - grade grey jujubes in Henan was 4.15 yuan/jin; the unified price of Aksu jujubes was 5.15 yuan/kg; the price of special - grade jujubes in Henan was 9.5 yuan/kg; the price of special - grade jujubes in Hebei was 9.08 yuan/kg, a decrease of 0.02 yuan; the price of special - grade jujubes in Guangdong was 10 yuan/kg; the price of first - grade jujubes in Guangdong was 8.8 yuan/kg [2] 3.3 Upstream Market - The annual jujube output was 3.187 million tons, and the planting area was 1.993 million hectares, a decrease of 4.1% [2] 3.4 Industry Situation - The national jujube inventory this week was 11,459 tons, a decrease of 81 tons; the monthly jujube export volume was 2,017,112 kg, a decrease of 2,593,149 kg; the cumulative monthly jujube export volume was 6,627,373 kg [2] 3.5 Downstream Situation - The cumulative sales volume of jujubes of Hao Xiang Ni was 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year production of jujubes of Hao Xiang Ni was 1.47%, a decrease of 34.59%; the average daily arrival of jujubes at Ruyifang Market was 2.25 vehicles, a decrease of 0.13 vehicles; the monthly average wholesale price of jujubes was 11.51 yuan/kg, an increase of 0.28 yuan [2] 3.6 Industry News - In Hebei Cuierzhuang Market, 10 vehicles of jujubes arrived at the parking area. The quality of the out - grade finished products was uneven. Merchants selected and purchased according to their needs, and the transaction was average. In Guangdong Ruyifang Market, 5 vehicles of jujubes arrived, and the price was stable. Affected by the weather, there were a small number of merchants looking at and purchasing goods in the market, and the market transaction was average [2]

Report Industry Investment Rating - Not provided in the given content Core Viewpoint - As of March 26, 2026, the physical inventory of 36 sample points of red dates this week is 11,459 tons, a decrease of 81 tons from last week, a month - on - month decrease of 0.70%, and a year - on - year increase of 6.07%. With the warming weather, red dates are gradually entering the off - season of consumption. The spot market's purchase and sales atmosphere is relatively light. Downstream buyers mostly maintain a strategy of purchasing on demand, lacking the willingness for centralized restocking. The overall trading activity is not high, and the market trading sentiment is relatively cautious. It is expected that the red date price will still be in the bottom - building state in the future [2] Summary by Directory Futures Market - The closing price of the main futures contract of red dates is 8,775 yuan/ton, a decrease of 95 yuan; the main contract position is 90,597 lots, a decrease of 3,472 lots; the net long position of the top 20 futures positions is - 20,771 lots, a decrease of 1,040 lots; the number of warehouse receipts is 4,273 lots; the effective warehouse receipt forecast is 131 lots, an increase of 40 lots [2] Spot Market - The price of Kashgar red date bulk goods is 6.5 yuan/kg, unchanged; the wholesale price of first - class grey dates in Hebei is 3.95 yuan/jin, unchanged; the price of Alar red date bulk goods is 5.65 yuan/kg, unchanged; the wholesale price of first - class grey dates in Henan is 4.15 yuan/jin, unchanged; the price of Aksu red date bulk goods is 5.15 yuan/kg, unchanged; the price of special - grade red dates in Henan is 9.5 yuan/kg, unchanged; the price of special - grade red dates in Hebei is 9.1 yuan/kg, unchanged; the price of special - grade red dates in Guangdong is 10 yuan/kg, unchanged; the price of first - class red dates in Guangdong is 8.8 yuan/kg, unchanged [2] Upstream Market - The annual output of red dates is 606.9 tons, an increase of 318.7 tons; the planting area is 199.3 hectares, a decrease of 4.1 hectares [2] Industry Situation - The national red date inventory is 11,459 tons, a decrease of 81 tons; the monthly export volume of red dates is 2,017,112 kg, a decrease of 2,593,149 kg; the cumulative export volume of red dates is 6,627,373 kg, an increase of 2,017,112 kg [2] Downstream Situation - 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 production of red dates of Hao Xiang Ni is 1.47%, a decrease of 34.59 percentage points; the average daily arrival of red dates at Ruyifang Market is 2.25 vehicles, a decrease of 0.13 vehicles; the monthly average wholesale price of red dates is 11.51 yuan/kg, an increase of 0.28 yuan [2] Industry News - In Hebei Cuierzhuang Market, more than a dozen vehicles arrived at the parking area. There were both finished products and sub - standard products. The quality of some finished products was average, and the price was lower than the mainstream price. Merchants selected and purchased according to their needs, and the transaction was average. In Guangdong Ruyifang Market, 5 vehicles arrived, and the price was mainly stable. Merchants purchased according to their needs, and the market transaction was average. The temperature of grey dates in the main production area of Xinjiang is generally higher than the same period in previous years, and there is still a possibility of early budding of jujube trees. Pay attention to the budding situation [2]

Report Summary 1) Report Industry Investment Rating - Not provided in the content 2) Core Viewpoint - The current spot market for red dates has a relatively light trading atmosphere, with downstream buyers mostly maintaining a strategy of purchasing on - demand, lacking the willingness for concentrated restocking. The overall trading activity is low, and market sentiment is cautious. As of March 19, 2026, the physical inventory of 36 sample points of red dates this week was 11,540 tons, a decrease of 160 tons from last week, a month - on - month decrease of 1.37% and a year - on - year increase of 5.60%. Although the domestic red date inventory showed a slight decline this week, the overall market has gradually entered the seasonal consumption off - season. With rising temperatures and increasing supply of seasonal fruits, the terminal consumption demand for red dates is expected to show a seasonal weakening trend [2] 3) Summary by Relevant Catalog Futures Market - The closing price of the futures main contract for red dates was 8,860 yuan/ton, and the main contract position was 105,674 lots, a decrease of 4,349 lots. The net long position of the top 20 futures holders was 2,679 lots, and the number of warehouse receipts was 4,112 lots. The total valid warehouse receipt forecast was 174 lots [2] Spot Market - The unified price of red dates in Kashgar was 6.5 yuan/kg, the wholesale price of first - class grey dates in Hebei was 3.95 yuan/jin, the unified price of red dates in Alar was 5.65 yuan/kg, the wholesale price of first - class grey dates in Henan was 4.15 yuan/jin, the unified price of red dates in Aksu was 5.15 yuan/kg, the price of special - grade red dates in Henan was 9.5 yuan/kg, the price of special - grade red dates in Hebei was 9.14 yuan/kg, the price of special - grade red dates in Guangdong was 10 yuan/kg, and the price of first - class red dates in Guangdong was 8.8 yuan/kg [2] Upstream Market - The annual output of red dates was 3.187 million tons, and the planting area was 1.993 million hectares, a decrease of 4.1 hectares [2] Industry Situation - The national red date inventory this week was 11,540 tons, a decrease of 160 tons. The monthly export volume of red dates was 5,071,577 kg, an increase of 1,534,011 kg, and the cumulative export volume was 34,362,765 kg [2] Downstream Situation - The cumulative sales volume of red dates of Hao Xiang Ni was 36,480.43 tons, and the cumulative output decreased by 34.59%. The average daily arrival of red dates at Ruyi Square Market was 2.38 vehicles, a decrease of 0.5 vehicles, and the monthly average wholesale price of red dates was 11.23 yuan/kg, an increase of 0.47 yuan/kg [2] Industry News - About ten trucks of red dates arrived at the Cui'erzhuang Market in Hebei, mostly sub - standard products, and merchants made small - volume purchases as needed. Seven trucks of red dates arrived at the Ruyi Square Market in Guangdong, a combination of Xinjiang and inland products, with prices remaining stable and morning trading being average [2]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - The weather in Xinjiang production areas will cool down, but since the accumulated temperature in the main production areas has been generally higher than the same period in recent years since winter, the jujube trees may germinate earlier. Attention should be paid to the weather in the production areas [2]. - Downstream customers mostly purchase according to demand. Some enterprises have procurement needs for orders and special - grade finished products, and the overall trading atmosphere in the market is stable [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the futures main contract of jujube is 8825 yuan/ton, with a week - on - week increase of 30 [2]. - The main contract position of jujube is 113,315 lots, with a week - on - week decrease of 7905 lots [2]. - The net long position of the top 20 futures positions of jujube is - 20,610 lots, with a week - on - week increase of 256 lots [2]. - The number of jujube warehouse receipts is 4112 sheets, and the effective warehouse receipt forecast is 174 sheets [2]. 3.2 Spot Market - The prices of jujube in various regions, such as the unified price of jujube in Kashi (6.5 yuan/kg), the wholesale price of first - grade grey jujube in Hebei (3.95 yuan/jin), etc., remain unchanged compared with the previous period [2]. 3.3 Upstream Market - The annual jujube output is 6.069 million tons, with an increase of 3.187 million tons; the planting area is 1.993 million hectares, with a decrease of 41,000 hectares [2]. 3.4 Industry Situation - The national jujube inventory is 11,700 tons, with a week - on - week decrease of 117 tons [2]. - The monthly jujube export volume is 5,071,577 kg, with an increase of 1,534,011 kg; the cumulative monthly export volume is 34,362,765 kg, with an increase of 5,071,577 kg [2]. 3.5 Downstream Situation - The cumulative quarterly sales volume of Hao Xiang Ni's jujube is 36,480.43 tons, with a decrease of 2981.06 tons [2]. - The cumulative year - on - year growth rate of Hao Xiang Ni's jujube production is 1.47%, with a decrease of 34.59 percentage points [2]. - The average daily arrival of jujube trucks in Ruyifang Market is 2.88 trucks, with a week - on - week decrease of 0.25 trucks [2]. - The monthly average wholesale price of jujube is 11.23 yuan/kg, with an increase of 0.47 yuan/kg [2]. 3.6 Industry News - In Hebei Cuierzhuang Market, the price is stable, the market arrival is small, and the arrival in the parking area has a good transaction [2]. - In Guangdong Ruyifang Market, 3 trucks of jujube arrive, and the price is stable [2].

Report Summary 1. Report Investment Rating No investment rating is provided in the report. 2. Core View Short - term jujube prices have an increasing upward driving force. The inventory of jujubes decreased slightly this week, downstream customers mostly purchase on - demand, and some enterprises have procurement needs for orders and premium finished products. The overall market trading atmosphere is stable, but influenced by other commodity linkages and good quality [2]. 3. Summary by Directory a. Futures Market - The closing price of the main futures contract for jujubes is 9070 yuan/ton; the main contract position for jujubes is 132,568 hands, a decrease of 1548 hands [2]. - The net long position of the top 20 futures holders for jujubes is - 1858 hands; the number of jujube warehouse receipts is - 21,876; the effective warehouse receipt forecast for jujubes is 259, an increase of 211 [2]. b. Spot Market - The prices of jujube bulk goods in Kashgar, Alar, and Aksu are 6.5, 5.65, and 5.15 yuan/kg respectively. The wholesale prices of first - grade grey jujubes in Hebei and Henan are 3.95 and 4.15 yuan/jin respectively. The prices of premium jujubes in Henan, Hebei, and Guangdong are 9.5, 9.21, and 10 yuan/kg respectively, and the price of first - grade jujubes in Guangdong is 8.8 yuan/kg [2]. c. Upstream Market - The annual jujube output is 318.7 million tons, and the jujube planting area is 199.3 million hectares, a decrease of 4.1 million hectares [2]. d. Industry Situation - The national jujube inventory this week is 11,700 tons, a decrease of 117 tons compared to last week, a 0.99% decrease month - on - month and a 7.39% increase year - on - year. The monthly jujube export volume is 5,071,577 kg, an increase of 1,534,011 kg; the cumulative monthly jujube export volume is 34,362,765 kg [2]. e. Downstream Situation - The cumulative quarterly sales volume of jujubes of Hao Xiang Ni is 36,480.43 tons, a decrease of 2981.06 tons; the cumulative year - on - year jujube production of Hao Xiang Ni is 1.47%, a decrease of 34.59% [2]. - The average daily number of jujube trucks arriving at Ruyifang Market this week is 2.88, a decrease of 0.25; the monthly average wholesale price of jujubes is 11.23 yuan/kg, an increase of 0.47 yuan/kg [2]. f. Industry News - In Hebei Cuierzhuang Market, more than ten trucks of jujubes arrived, including finished products and sub - standard products. The price of premium old jujubes is 8.20 yuan/kg, with a slight price decline. Downstream merchants select suitable goods and purchase on - demand [2]. - In Guangdong Ruyifang Market, 6 trucks of jujubes arrived, the price is stable, merchants purchase according to demand, and the morning trading volume is average [2]. - The weather in Xinjiang production areas will cool down. Since the accumulated temperature in the main production areas has been generally higher than the same period in recent years since winter, jujube trees may germinate earlier. Attention should be paid to the production area weather [2].

1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View of the Report - After the Spring Festival, the market recovery is slow, with spot prices at a low level in recent years and inventory at a relatively high point. The downstream replenishment is average, and the inventory removal speed is slow. The downstream trade replenishment is average, and the processing plants have not started operations intensively. As the weather warms up, the red date purchase and sales enter the off - season. However, affected by the linkage with other commodities and good quality, the red date prices tend to move upwards [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the futures main contract for red dates is 9080 yuan/ton, with a decrease of 60; the main contract holding volume is 134,652 hands, with a decrease of 1334. The net long position of the top 20 futures holders is - 19,827 hands, with a decrease of 2493. The number of warehouse receipts is 4027, and the effective warehouse receipt forecast is 48. The price of Kashgar red date bulk goods is 6.5 yuan/kg [2] 3.2 Spot Market - The price of Alar red date bulk goods is 5.65 yuan/kg, the wholesale price of first - class grey dates in Hebei is 4.15 yuan/jin, the wholesale price of first - class grey dates in Henan is 4.15 yuan/jin, the price of Aksu red date bulk goods is 5.15 yuan/kg, the price of special - grade red dates in Henan is 9.5 yuan/kg, the price of special - grade red dates in Hebei is 9.2 yuan/kg, the price of special - grade red dates in Guangdong is 10 yuan/kg, and the price of first - class red dates in Guangdong is 8.8 yuan/kg [2] 3.3 Upstream Market - The annual red date output is 318.7 million tons, and the planting area is 199.3 million hectares, with a decrease of 4.1 [2] 3.4 Industry Situation - The national red date inventory is 11,817 tons, with a decrease of 35. The monthly red date export volume is 5,071,577 kg, with an increase of 1,534,011. The cumulative monthly red date export volume is 34,362,765 kg [2] 3.5 Downstream Situation - The cumulative quarterly sales volume of red dates of Hao Xiangni is 36,480.43 tons, with a decrease of 2981.06. The cumulative quarterly year - on - year output growth rate of red dates of Hao Xiangni is 1.47%, with a decrease of 34.59. The average daily arrival of red dates at Ruyifang Market is 3.13 vehicles, with a decrease of 1.87. The monthly average wholesale price of red dates is 11.23 yuan/kg, with an increase of 0.47 [2] 3.6 Industry News - The price in Hebei Cuierzhuang Market is stable, with a small amount of goods arriving. The reference price of the old special - grade goods is 8.30 yuan/kg, and downstream buyers purchase as needed. In Guangdong Ruyifang Market, 5 vehicles of goods arrive, the price is mainly stable, and merchants purchase as needed. 1 - 2 vehicles are traded in the morning market [2]

1. Report Industry Investment Rating - Not provided in the report 2. Core View of the Report - Downstream users are cautious about restocking, mostly maintaining rigid demand inquiries or digesting existing inventories, and there are no signs of concentrated purchasing in the market. However, supported by the Spring Festival consumption peak, there is a restocking demand after the festival. Considering that processing plants have not started production on a large scale, the market as a whole is stable. Attention should be paid to the later restocking strength. The futures price rose significantly today due to the linkage boost of other commodities [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the futures main contract for red dates was 8,980 yuan/ton, with a week-on-week increase of 170 yuan/ton. The main contract's open interest was 119,785 lots, with a week-on-week increase of 4,032 lots. The net long position of the top 20 futures holders was -16,033 lots, with a week-on-week increase of 4,745 lots. The number of warehouse receipts was 3,869, and the total number of effective warehouse receipt forecasts was 245, with no week-on-week change [2] Spot Market - The prices of red dates in various regions remained stable. For example, the unified price of red dates in Kashgar was 6.5 yuan/kg, the wholesale price of first-grade gray dates in Hebei was 3.95 yuan/jin, and the wholesale price of first-grade gray dates in Henan was 4.15 yuan/jin [2] Upstream Market - The annual output of red dates was 6.069 million tons, with an increase of 3.187 million tons. The planting area was 1.993 million hectares, with a decrease of 41,000 hectares [2] Industry Situation - The national red date inventory was 11,852 tons, with a week-on-week decrease of 1 ton. The monthly export volume of red dates was 5,071,577 kg, with an increase of 1,534,011 kg. The cumulative monthly export volume was 34,362,765 kg, with an increase of 5,071,577 kg [2] Downstream Situation - The cumulative quarterly sales volume of red dates of Hao Xiang Ni was 36,480.43 tons, with a decrease of 2,981.06 tons. The cumulative year-on-year output growth rate was 1.47%, with a decrease of 34.59 percentage points. The average daily arrival of red dates at Ruyifang Market was 5 trucks, with an increase of 4.62 trucks. The monthly average wholesale price of red dates was 11.23 yuan/kg, with an increase of 0.47 yuan/kg [2] Industry News - The price in Hebei Cuierzhuang Market was stable, with a small amount of finished products and substandard products arriving at the market. Downstream buyers replenished goods as needed, and the trading was light. Four trucks of red dates arrived at Guangdong Ruyifang Market, and the price was mainly stable. Merchants purchased goods as needed, and about 2 trucks were traded. In the production areas, raw materials were purchased at prices based on quality. After the Spring Festival, there were few merchants returning to Xinjiang for repurchase, and holders of goods were more willing to sell [2]

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints - The market has not fully started, downstream users are cautious about restocking, mostly maintaining rigid demand inquiries or digesting existing inventories, and there are no signs of concentrated purchasing. However, supported by the Spring Festival consumption peak, there is a restocking demand after the festival. Considering that the processing plants have not started on a large scale, the market as a whole is stable, and there may be short - term fluctuations in jujube prices. Attention should be paid to the later restocking strength [2] Group 3: Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for red dates is 8,810 yuan/ton, a decrease of 85 yuan; the main contract position is 115,753 lots, an increase of 1,612 lots; the net long position of the top 20 futures positions is - 20,778 lots, a decrease of 1,379 lots; the number of warehouse receipts is 3,869, and the effective warehouse receipt forecast is 245, unchanged [2] Spot Market - The prices of red dates in various regions are stable, including the unified - grade prices in Kashgar, Alar, and Aksu, and the wholesale prices of first - grade and special - grade red dates in Hebei, Henan, and Guangdong [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 11,852 tons, a decrease of 1 ton; the monthly export volume is 5,071,577 kilograms, an increase of 1,534,011 kilograms; the cumulative monthly export volume is 34,362,765 kilograms, an increase of 5,071,577 kilograms [2] Downstream Situation - The cumulative quarterly 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 production growth rate is 1.47%, a decrease of 34.59 percentage points; the average daily arrival of red dates at Ruyifang Market is 5 vehicles, an increase of 4.62; the monthly average wholesale price of red dates is 11.23 yuan/kg, an increase of 0.47 yuan [2] Industry News - The price in Hebei Cuierzhuang Market is stable. Affected by the snowfall, the market stalls are blocked, no goods have arrived in the parking area, and downstream replenishment is in line with demand with light transactions. In Guangdong Ruyifang Market, 1 vehicle of goods has arrived, the price is mainly stable, merchants purchase according to demand, and the market transactions are average. After the Spring Festival, the market is in the recovery stage, and the resumption rhythm of the upstream and downstream of the industrial chain is inconsistent, resulting in a slowdown in the overall spot circulation speed [2]

1. Report Industry Investment Rating - No information provided 2. Core View - After the Spring Festival, the market is in a recovery stage. The resumption rhythm of the upstream and downstream of the industrial chain is inconsistent, resulting in a slowdown in the overall spot circulation speed. Due to the incomplete start of terminal demand, downstream users are cautious about restocking, mostly maintaining rigid demand inquiries or digesting existing inventories, and there is no sign of concentrated purchasing in the market. However, supported by the Spring Festival consumption peak season, there is a restocking demand after the festival. Considering that processing factories have not started production on a large scale, the market as a whole is stable, and there may be short - term fluctuations in jujube prices. Attention should be paid to the later restocking intensity [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for jujube is 8,895 yuan/ton, with a week - on - week increase of 55 yuan/ton; the main contract position is 114,141 lots, with a week - on - week decrease of 1,879 lots; the net long position of the top 20 futures positions is - 19,399 lots, with a week - on - week decrease of 2,536 lots; the number of warehouse receipts is 3,869 lots; the total effective warehouse receipt forecast is 245 lots, with a week - on - week increase of 162 lots [2] 3.2 Spot Market - The prices of jujube in various regions are mostly stable. For example, the unified price of Kashgar jujube is 6.5 yuan/kg, the wholesale price of first - grade grey jujube in Hebei is 3.95 yuan/jin, and the price of Hebei jujube special grade is 9.19 yuan/kg, with a week - on - week decrease of 0.01 yuan/kg [2] 3.3 Upstream Market - The annual jujube output is 6.069 million tons, with an increase of 3.187 million tons; the jujube planting area is 1.993 million hectares, with a decrease of 41,000 hectares [2] 3.4 Industry Situation - The national jujube inventory is 11,852 tons, with a week - on - week decrease of 1 ton; the monthly jujube export volume is 5,071,577 kg, with an increase of 1,534,011 kg; the cumulative monthly jujube export volume is 34,362,765 kg, with an increase of 5,071,577 kg [2] 3.5 Downstream Situation - The cumulative sales volume of jujubes of Hao Xiang Ni is 36,480.43 tons, with a decrease of 2,981.06 tons; the cumulative year - on - year jujube production of Hao Xiang Ni is 1.47%, with a decrease of 34.59 percentage points; the average daily arrival of jujubes at Ruyifang Market is 4.62 vehicles; the monthly average wholesale price of jujubes is 11.23 yuan/kg, with an increase of 0.47 yuan/kg [2] 3.6 Industry News - The price in Hebei Cuierzhuang Market is stable. Affected by the snowfall, the market stalls are blocked, there is no arrival in the parking area, and the downstream replenishes goods on demand with light transactions. In Guangdong Ruyifang Market, 2 vehicles of jujubes arrive, the price is mainly stable, merchants purchase according to demand, and the market transactions are average [2]