| | | | | | 4000 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 苹果全国冷库库存（口径2）季节性 万吨 | 22/23 | 23/24 | 24/25 | 25/26 | 苹果期货月差（05-10）季节性 元/吨 | 2305-2410 | 2405-2510 | 2025 | 2026 | 南华期货苹果产业周报 ——节后需求走弱，去库放缓 杨歆悦 投资咨询证书：Z0022518 联系邮箱：yangxy@nawaa.com 投资咨询业务资格：证监许可【2011】1290号 2026年3月1日 第一章 核心矛盾及策略建议 1.1 核心矛盾 当前影响苹果价格走势的核心矛盾有以下几点： 1、节后需求走弱。产地客商整体维持按需补货节奏，甘肃产区补货积极性相对较好，山东产区成交偏弱。果 农货价格整体平稳，局部货源存在让价空间。销区礼盒、筐装苹果走货尚可，节后市场到货量有所回落。库 存方面，据钢联数据，截至2026年2月25日，全国主产区苹果冷库库存量为552.92万吨，环比上周减少19.08 万吨，春节 ...

免责声明 震荡运行。 数据来源第三方(我的农产品网、中果网、郑商所)，观点仅供参考，市场有风险，入市需谨慎！ 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 | 项目类别 | 数据指标 数据指标 | 最新 | 环比 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:苹果(日,元/吨) 44 主力合约持仓量:苹果(日,手) | 9749 | | 112582 | 2421 | | | 期货前20名持仓:净买单量:苹果(日,手) | 10410 | 874 | | | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)(日, | 5.25 | 0 | 2.4 | 0 | | | 元/斤) 陕西洛川苹果现货价格(纸袋70#以上半 元/斤) 山东烟台栖霞现货价格(纸袋80#以上一 | | | | | | | | 4.2 | 0 | 3.7 | 0 | | 上游情况 | 商品)(日,元/斤) 全国:苹果产量(年,万吨) 二级果农货)(日, ...

苹果产业日报 2026-02-12 免责声明 | 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:苹果(日,元/吨) | 9739 | 138 主力合约持仓量:苹果(日,手) | 112583 | 9935 | | | 期货前20名持仓:净买单量:苹果(日,手) | 10404 | 824 | | | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, | 5.25 | 山东沂源苹果现货价格(纸袋75#以上)(日, 0 | 2.4 | 0 | | | 元/斤) 陕西洛川苹果现货价格(纸袋70#以上半 | | 元/斤) 山东烟台栖霞现货价格(纸袋80#以上一 | | | | | | 4.2 | 0 | 3.7 | 0 | | 上游情况 | 商品)(日,元/斤) 全国:苹果产量(年,万吨) | 5128.51 | 168.34 二级果农货)(日,元/斤) | | | | 产业情况 | | | | | | | | 水果批发价:苹果(周,元/公斤) 全国苹果冷库总 ...

苹果产业日报 2026-02-09 稳中偏弱，优质货源价格维持稳定。长假临近，短期注意风险控制。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 数据指标 | 最新 | 环比 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:苹果(日,元/吨) -18 主力合约持仓量:苹果(日,手) | 9517 | | 102387 | -8178 | | | 期货前20名持仓:净买单量:苹果(日,手) | 6624 | 1669 | | | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)( ...

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]

苹果产业日报 2026-02-02 | 项目类别 | 数据指标 环比 数据指标 | 最新 | | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:苹果(日,元/吨) -138 主力合约持仓量:苹果(日,手) | 9380 | | 109486 | 3227 | | | 期货前20名持仓:净买单量:苹果(日,手) | -513 | -1242 | | | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)(日, | 5.25 | 0 | 2.4 | 0 | | | 元/斤) 陕西洛川苹果现货价格(纸袋70#以上半 山东烟台栖霞现货价格(纸袋80#以上一 | 4.2 | 元/斤) 0 | 3.7 | 0 | | 上游情况 | 商品)(日,元/斤) 二级果农货)(日,元/斤) 全国:苹果产量(年,万吨) 168.34 水果批发价:苹果(周,元/公斤) | 5128.51 | | | | | | -0.05 平均批发价:富士苹果(周,元/公斤) 全国苹果冷库总库存(周,万吨) -2 ...

| 项目类别 | 数据指标 环比 数据指标 | 最新 | | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:苹果(日,元/吨) -69 主力合约持仓量:苹果(日,手) | 9466 | | 103809 | -3709 | | | 期货前20名持仓:净买单量:苹果(日,手) | -225 | 2688 | | | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)(日, | 5.25 | 0 | 2.4 | 0 | | | 元/斤) 陕西洛川苹果现货价格(纸袋70#以上半 山东烟台栖霞现货价格(纸袋80#以上一 | | 元/斤) | | | | | | 4.2 | 0 | 3.7 | 0 | | 上游情况 | 商品)(日,元/斤) 二级果农货)(日,元/斤) 全国:苹果产量(年,万吨) | 5128.51 | 168.34 | | | | 产业情况 | 水果批发价:苹果(周,元/公斤) 0.19 平均批发价:富士苹果(周,元/公斤) | 9.52 | | 9.29 | 0 ...

场客源较少，整体走货较慢。盘面看，受备货需求支撑，短期价格调整到位后有所上调可能。 数据来源第三方(我的农产品网、中果网、郑商所)，观点仅供参考，市场有风险，入市需谨慎！ | 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:苹果(日,元/吨) 71 主力合约持仓量:苹果(日,手) | 9489 | 103881 | -4980 | | | 期货前20名持仓:净买单量:苹果(日,手) 2778 | -2823 | | | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)(日, 0 | 5.25 | 2.4 | 0 | | 元/斤) | 陕西洛川苹果现货价格(纸袋70#以上半 元/斤) 山东烟台栖霞现货价格(纸袋80#以上一 | | | | | | 0 | 4.2 | 3.7 | 0 | | 上游情况 | 商品)(日,元/斤) 全国:苹果产量(年,万吨) 二级果农货)(日,元/斤) 168.34 | 5128.51 | | | | 产 ...

区市场来看，中转库积压严重，市场客源较少，整体走货较慢。盘面看，苹果期价短期偏弱运行可能。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 最新 数据指标 | | 环比 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:苹果(日,元/吨) 26 主力合约持仓量:苹果(日,手) | 9371 | | 109865 | -1282 | | | 期货前20名持仓:净买单量:苹果(日,手) | -4914 | -3186 | | | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)(日, ...

Group 1: Report Investment Rating - No information provided Group 2: Core Viewpoints - Apple产区开始春节备货但整体氛围偏淡，全国主产区苹果冷库去库速度环比加快但低于去年同期，销区市场中转库积压严重、客源少、走货慢，苹果期价短期可能偏弱运行 [2] Group 3: Summary by Directory 1. Futures Market - 苹果期货主力合约收盘价为9345元/吨；主力合约持仓量为111147手，环比减少10855手；期货前20名持仓净买单量为 - 1728手，环比减少4416手 [2] 2. Spot Market - 甘肃静宁纸袋75以上苹果现货价格5.25元/斤，山东沂源纸袋75以上苹果现货价格2.4元/斤，陕西洛川纸袋70以上半商品苹果现货价格4.2元/斤，山东烟台栖霞纸袋80以上二级果农货苹果现货价格3.7元/斤，环比均无变化 [2] 3. Upstream Situation - 全国苹果年产量5128.51万吨，水果批发价苹果9.33元/公斤，环比增加0.1元/公斤，富士苹果平均批发价9.2元/公斤，环比增加0.03元/公斤；全国苹果冷库总库存704.66万吨，环比减少16.24万吨；山东苹果库容比0.51，环比减少0.01；陕西苹果库容比0.54，环比减少0.01；苹果出口数量当月值120000吨，环比增加40000吨 [2] 4. Industry Situation - 鲜、干水果及坚果进口金额当月值1117946万美元，环比减少216418万美元；苹果出口金额当月同比16.2%；一二级纸袋苹果80存储商利润为0元/斤，环比无变化 [2] 5. Downstream Situation - 水果批发价鸭梨6.71元/公斤，香蕉7.03元/公斤，西瓜5.87元/公斤；广东江门、下桥、槎龙批发市场早间日均到车量分别为11.8辆、24.6辆、17.8辆，其中江门环比减少0.6辆，槎龙环比增加1辆 [2] 6. Options Market - 苹果平值看涨期权隐含波动率27.38%，环比增加0.45%；平值看跌期权隐含波动率27.4%，环比增加0.48% [2] 7. Industry Status - 陕西果农货成交以少量两极货源为主，部分产区果农货价格松动；甘肃产区客商按需调果农货源，包装发货稳定，走货尚可；山东产区成交一般，礼盒开始零星包装，少量75和三级货源出库 [2]