Report Industry Investment Rating - Not provided Core View of the Report - The current time is at the end of the old - season apple inventory clearance and the stage of waiting for the new - season late - maturing Red Fuji to be listed. The cold - storage remaining volume is low, and the supply is concentrated in Shandong. The cold - storage merchants are eager to sell. The recent rainfall in the northwest may affect the quality of early - maturing apples, leading to increased purchases of cold - storage apples and a slight price increase. Some specifications may still see a price increase of 0.1 - 0.2 yuan/jin. The market generally believes that the new - season apple bagging quantity is slightly lower than the previous season, and the purchase price of early - maturing apples in the northwest is higher than last year. The opening price of late - maturing Red Fuji is likely to be higher than the previous season. The market may reflect the previous production - reduction expectation, and the later driving logic will shift to the demand side. It is recommended to gradually take profits on long positions [37] Summary by Directory 1. This Week's Market Review - The main contract of apple futures completed the roll - over. AP2601 fluctuated at a high level, first falling and then rising [8] 2. Supply - side Situation - The inventory is lower than the same period last year. As of September 11, 2025, the total remaining volume of apples in national cold - storage is 255,800 tons, the lowest in the past five years. The remaining volume in Shandong's cold - storage is 182,500 tons, and that in Shaanxi is 58,400 tons [12][13] 3. Demand - side Situation - **Inventory Clearance**: As of September 11, 2025, the national cold - storage inventory ratio is about 1.94%, with a weekly decrease of 0.38 percentage points and a year - on - year decrease of 0.98 percentage points. The inventory clearance rate is 96.96%. At the end of the inventory clearance period, there are differences in the shipment situation among different cold - storages, and the data error has slightly increased [18] - **Export Volume**: In July 2025, the export volume of fresh apples is about 53,600 tons, a month - on - month increase of 44.95% and a year - on - year decrease of 19.39%. The fourth quarter and the first quarter of the next year are the peak export seasons, and the export volume in the fourth quarter of 2025 is expected to rebound [21] - **Spot Price**: As of September 12, the mainstream price of apples in Qixia, Yantai, Shandong is stable. For 80 and above first - and second - grade fruit farmer's goods, the price of slice - red apples is 3.0 - 3.5 yuan/jin, and that of striped apples is 3.0 - 4.2 yuan/jin. For merchant's goods, the price of slice - red apples is 3.8 - 4.3 yuan/jin, and that of striped apples is 3.8 - 4.5 yuan/jin. The price of third - grade fruit is 2.5 - 2.6 yuan/jin, and the price of bulk goods is 2.8 - 3.0 yuan/jin. The price of Red General is stable, with the price of 80 and above first - and second - grade red fruit at 3.5 - 3.6 yuan/jin, and the mainstream price of first - and second - grade semi - red fruit at 2.8 - 3.1 yuan/jin [33]

瑞达期货（002961） 苹果短期震荡运行 6月23日盘中，苹果期货主力合约弱势震荡，最低下探至7598.00元。截止发稿，苹果主力合约报7643.00 元，跌幅1.09%。 苹果期货主力跌超1%，对于后市行情如何，相关机构该如何评价？ 机构 核心观点 新季苹果方面，产区套袋工作收尾，产量问题逐渐明朗，根据市场对陕西苹果主产区坐果和套袋情况调 研来看，陕西今年坐果套袋情况较去年同期减产幅度不会特别大，预计在5%-10%。截至2025年6月18 日，全国主产区苹果冷库库存量为116.49万吨，环比上周减少10.97万吨，走货速度较上周基本持平，同 比去年同期有所减缓。山东产区库容比为16.43%，较上周减少0.86%，去库速度环比减慢。山东产区目 前处于农忙阶段，整体交易清淡。陕西产区库容比为8.9%，较上周减少0.76%，走货较上周表现略慢。 其他水果竞争和替代增加，苹果需求清单，走货速度放缓，而且后期果农卖货意愿或有所好转，令苹果 价格承压，不过当前库存较低，对价格仍有支撑，短期震荡运行。后续继续关注套袋情况。 方正中期期货：苹果期价预期呈现先扬后抑的区间波动 展望下半年，新果兑现情况是关注重点，也是期价波 ...

，部分合适货源难寻，存货商要价暂未有明显松动。需求疲软，走货速度放缓，去库存进度变慢，且减产 研究员: 张昕 期货从业资格号F03109641 期货投资咨询从业证书号Z0018457 苹果产业日报 2025-06-11 | 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) 主力合约持仓量:苹果(日,手) | 7551 101481 | 28 10月合约收盘价:苹果(日,元/吨) -3247 仓单数量:苹果(日,张) | 7551 0 | 28 0 | | | 期货前20名持仓:净买单量:苹果(日,手) | 1780 | 1801 | | | | 现货市场 | 山东烟台栖霞现货价格(纸袋80#以上一 | 4.1 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 0 | 4.5 | 0 | | | 二级果农货)(日,元/斤) 山东沂源苹果现货价格(纸袋75#以上)(日, | | 元/斤) 陕西洛川苹果现货价格(纸袋70#以上半 | | | | | | 2 ...