Report Industry Investment Rating - No relevant content Core Viewpoints - Summer seasonal fresh fruits are on the market, substituting for tonic products like red dates, leading to a seasonal off - peak in red date demand and slow inventory digestion [2] - New - season crops are in the critical fruit - setting period, and the market focuses on the weather in production areas. Some orchards in Xinjiang are growing relatively well, and the expected reduction in production may be less than previously thought [2] - It is expected that the price of the main red date futures contract will fluctuate weakly in the short term. There will be high - temperature weather in Xinjiang in the next few days, and the situation of the second - crop flowers and fruits should be continuously monitored. Technically, the MACD indicator extends downward, with pressure at 10,700 yuan/ton. Operationally, try short - selling on rallies and control risks [2] Summary by Relevant Catalogs Futures Market - The closing price of the main red date futures contract is 10,490 yuan/ton, up 160 yuan; the main contract's open interest is 132,308 lots, down 5,271 lots [2] - The net long position of the top 20 futures holders is - 20,196 lots, up 2,665 lots; the number of warehouse receipts is 8,912, and the total valid warehouse receipt forecasts is 1,448 [2] Spot Market - The unified price of red dates in Kashgar is 6 yuan/kg, unchanged; the wholesale price of first - grade grey dates in Hebei is 4.35 yuan/jin, unchanged [2] - The unified price of red dates in Alar is 5.2 yuan/kg, unchanged; the wholesale price of first - grade grey dates in Henan is 4.35 yuan/jin, unchanged [2] - The unified price of red dates in Aksu is 4.8 yuan/kg, unchanged; the price of special - grade red dates in Henan is 9.8 yuan/kg, unchanged [2] - The price of special - grade red dates in Hebei is 9.74 yuan/kg, down 0.06 yuan; the price of special - grade red dates in Guangdong is 11 yuan/kg, unchanged [2] - The price of first - grade red dates in Guangdong is 9.8 yuan/kg, unchanged [2] Upstream Market - The annual red date production is 6.069 million tons, up 3.187 million tons; the planting area is 1.993 million hectares, down 41,000 hectares [2] Industry Situation - The national red date inventory is 10,320 tons, down 110 tons from the previous week, a 1.05% week - on - week decrease and a 74.89% year - on - year increase [2] - The monthly red date export volume is 1,765,107 kg, down 464,120 kg; the cumulative monthly export volume is 17,115,674 kg, an increase of 1,765,107 kg [2] Downstream Situation - The wholesale price of red dates at the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is 20 yuan/kg, down 8 yuan [2] - The cumulative quarterly sales volume of Hao Xiang Ni's red dates is 36,480.43 tons, down 2,981.06 tons; the cumulative quarterly year - on - year production growth rate is 1.47%, down 34.59 percentage points [2] Industry News - On July 22, the temperature in Aksu was between 20 - 34°C, suitable for fruit - setting. Jujube farmers are actively managing their orchards, and the jujube trees are gradually entering the physiological fruit - dropping stage. Attention should be paid to the fruit - setting situation and weather changes [2] - On Tuesday, the red date 2601 contract closed up 0.77%. According to Mysteel's research data, the physical inventory of 36 sample points last week was 10,320 tons, a decrease of 110 tons from the previous week [2]