Group 1: Report Industry Investment Rating - No industry investment rating is provided in the report. Group 2: Core View of the Report - The new - season main - producing area's jujube growth is better than last year, and the new jujubes are expected to be harvested about a week earlier than last year. Attention should be paid to the new jujube purchase price. The physical inventory of 36 sample points as of October 9, 2025, decreased by 36 tons compared with last week, a 0.39% month - on - month decrease and a 93.89% year - on - year increase. During the Double Festival, the arrival volume in the sales area was small, and the number of customers was average. It is recommended to temporarily wait and see for the Zhengzhou Jujube 2601 contract in the short term [2]. Group 3: Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the futures main contract for jujubes was 11,110 yuan/ton, a decrease of 20 yuan; the main contract's open interest was 160,756 lots, a decrease of 2,198 lots. The net long position of the top 20 futures holders was - 3,401 lots, a decrease of 630 lots. The number of warehouse receipts was 0, and the total valid warehouse receipt forecasts were 0 [2]. 3.2 Spot Market - The unified price of Kashgar jujubes was 6 yuan/kg, the wholesale price of first - grade grey jujubes in Hebei was 4.75 yuan/jin, the unified price of Alar jujubes was 5.2 yuan/kg, the wholesale price of first - grade grey jujubes in Henan was 4.75 yuan/jin, the unified price of Aksu jujubes was 4.8 yuan/kg, the price of special - grade jujubes in Henan was 10.5 yuan/kg, the price of special - grade jujubes in Hebei was 10.61 yuan/kg (an increase of 0.06 yuan), the price of special - grade jujubes in Guangdong was 11.6 yuan/kg, and the price of first - grade jujubes in Guangdong was 10.6 yuan/kg [2]. 3.3 Upstream Market - The annual jujube output was 6.069 million tons, an increase of 3.187 million tons; the jujube planting area was 1.993 million hectares, a decrease of 41,000 hectares [2]. 3.4 Industry Situation - The national jujube inventory was 9,167 tons, a decrease of 36 tons; the monthly jujube export volume was 2,364,893 kg, an increase of 580,729 kg; the cumulative monthly jujube export volume was 21,264,731 kg, an increase of 2,364,893 kg [2]. 3.5 Downstream Situation - The cumulative quarterly sales volume of jujubes by Hao Xiang Ni was 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year quarterly jujube production growth rate was 1.47%, a decrease of 34.59 percentage points [2]. 3.6 Industry News - In the Hebei Cuierzhuang market, 5 trucks of jujubes arrived, and after the weather cleared, the number of customers increased, with about 40% of the market transactions. In the Guangdong Ruyifang market, 1 truck of jujubes arrived, the price remained stable, and customers purchased as needed, with fair transactions in the market and cold storage [2].

中泰期货红枣市场表现与基本面周度报告 姓名：梁作盼 期货从业资格号：F3048593 交易咨询从业证书号：Z0015589 联系电话： 17615857579 公司地址：济南市市中区经七路86号证券大厦15、16层 公司网址： www.ztqh.com 2025-09-28 本周观点 本页数据来源:Mysteel我的农产品 | 利多因素 | 1、调研区域部分产区减产；2、部分产区阴雨天气或影响红枣质量； | | --- | --- | | 利空因素 | 1、库存高位，市场供应充裕；2、9月份消费淡季；3、调研结果显示，大概率正常偏小年 | | 市 | | | 场 | | | 基 | 本周新疆灰枣主产区气温在10℃-28℃，枣树处于上糖期，从天气预警来看未见极端天气，关注上糖期降雨情况及枣果品质变化。销 | | 本 | | | 面 | 区市场到货少量日均到货3车左右，到货较少好货价格偏强运行，市场交投氛围一般。本周河北特级均价参考10.39元/公斤，一级均 | | 及 | 价9.50元/公斤，主流价格较上周持平。 | | 逻 | | | 辑 | | | 策 | 单边 短期观望 | | 略 | 月间 无 | | ...