1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The market acknowledges the potential reduction in the new season's production, but there are differences in production estimates. Mysteel initially estimates that the new - season production will decrease by 5 - 10% compared to the normal year of 2022 and 20 - 25% compared to 2024, with an expected output of 56 - 62 million tons. Before the production is finalized, the expectation of a new - season production cut supports the red date futures price. However, as the previous price increase has digested the positive impact of the production cut, the driving force for the red date 2601 contract has weakened. It is expected to have a short - term strong adjustment, and attention should be paid to the actual new - season production. It is recommended to focus on short - term trading [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main red date futures contract is 11,470 yuan/ton. The main contract's open interest is 136,661 lots, with an increase of 1,130 lots. The net long position of the top 20 futures holders is 1,464 lots, and the number of warehouse receipts is 9,826. The total number of valid warehouse receipt forecasts is 1,237, with an increase of 1 [2]. 3.2现货市场 - The prices of red date products in different regions remain stable. For example, the unified price of red dates in Kashgar is 6 yuan/kg, the wholesale price of first - grade grey dates in Hebei is 4.8 yuan/jin, and the price of special - grade red dates in Guangdong is 11.5 yuan/kg [2]. 3.3 Upstream Market - The annual red date production is 3.187 million tons, and the planting area is 1.993 million hectares, with a decrease of 4.1 in the area [2]. 3.4 Industry Situation - The national red date inventory is 9,686 tons, a decrease of 98 tons compared to last week, with a month - on - month decrease of 1.00% and a year - on - year increase of 79.94%. The monthly export volume of red dates is 1,765,107 kg, a decrease of 464,120 kg. The cumulative monthly export volume is 17,115,674 kg [2]. 3.5 Downstream Situation - The wholesale price of red dates in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is 20 yuan/kg, a decrease of 8 yuan/kg. 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 Hao Xiang Ni's red dates is 1.47%, a decrease of 34.59% [2]. 3.6 Industry News - On August 21st, in the Alar region, the weather changed from light rain to cloudy with temperatures between 16 - 28°C. Jujube farmers are actively engaged in field management, and the jujubes are about to enter the sugar - increasing period. Attention should be paid to the impact of rainfall on the fruits. On Thursday, the red date 2601 contract closed up 0.39% [2].

落地前，新作减产预期支撑红枣期货价格，但是随着前期价格上涨消化减产利多，红枣2601合约短期偏强 数据来源第三方(我的农产品网、海关总署、郑商所)，观点仅供参考，市场有风险，投资需谨慎！ 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 调整，关注新作产量。操作上，建议短线交易为主。 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。 红枣产业日报 2025-08-20 | 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:红枣(日,元/吨) | 11530 | -20 ...

Group 1: Report Information - Report Name: Red Date Industry Daily Report 2025 - 08 - 18 [1] - Researcher: Zhang Xin [2] - Futures Practitioner Qualification Number: F03109641 [2] - Futures Investment Consulting Practitioner Certificate Number: Z0018457 [2] Group 2: Report Industry Investment Rating - Not provided Group 3: Report Core View - Not provided Group 4: Summary by Related Catalogs Futures Market - Futures main contract closing price of red dates: 11,520 yuan/ton, down 25 yuan [2] - Main contract open interest of red dates: 139,877 hands, down 1,592 hands [2] - Net long positions of the top 20 futures holders of red dates: -15,508 hands, up 527 hands [2] - Warehouse receipt quantity of red dates: 9,214 sheets [2] - Effective warehouse receipt forecasts of red dates: 1,913 sheets, up 104 sheets [2] Spot Market - Kashi red date general cargo price: 6 yuan/kg, unchanged [2] - Hebei first - grade gray jujube wholesale price: 4.8 yuan/jin, unchanged [2] - Alar red date general cargo price: 5.2 yuan/kg, unchanged [2] - Henan first - grade gray jujube wholesale price: 4.75 yuan/jin, unchanged [2] - Aksu red date general cargo price: 4.8 yuan/kg, unchanged [2] - Henan red date special - grade price: 10.5 yuan/kg, unchanged [2] - Hebei red date special - grade price: 10.45 yuan/kg, unchanged [2] - Guangdong red date special - grade price: 11.5 yuan/kg, unchanged [2] - Guangdong red date first - grade price: 10.5 yuan/kg, unchanged [2] Upstream Market - Red date annual output: 606.9 million tons, up 318.7 million tons [2] - Red date planting area: 1.993 million hectares, down 41,000 hectares [2] Industry Situation - National red date inventory: 9,686 tons, down 98 tons [2] - Red date monthly export volume: 1,765,107 kg, down 464,120 kg [2] - Red date cumulative export volume: 17,115,674 kg, an increase of 1,765,107 kg [2] Downstream Situation - Red date wholesale price at Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi Province: 20 yuan/kg, down 8 yuan [2] - Accumulated sales volume of red dates of Hao Xiang Ni: 36,480.43 tons, down 2,981.06 tons [2] - Year - on - year growth rate of red date production of Hao Xiang Ni: 1.47%, down 34.59 percentage points [2] Industry News - No news today [2] View Summary - No news today [2] Prompt Attention - No news today [2]

-25%，预估新季产量在56-62万吨，新作预期减产，但是减产幅度不及2023年绝对小年幅度。总体来说， 数据来源第三方(我的农产品网、海关总署、郑商所)，观点仅供参考，市场有风险，投资需谨慎！ 购销氛围回暖，且预期新作减产，支撑红枣期货价格短期偏强震荡。技术上，红枣2601合约结束四连涨， 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 不过保持在均线系统上方运行。操作上，建议逢低短多交易，注意控制风险。 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。 红枣产业日报 2025-08-12 | 项目类别 | 数据指标 环比 | 最新 | 数据指标 | 最新 | 环比 | | --- | --- | --- ...

Report Industry Investment Ratings - Not provided in the given content Core Views - **Domestic Economy**: In July, China's export performance was strong, with non-US countries supporting exports and electromechanical products showing competitive advantages. However, future export growth is expected to decline gradually, and the decision - makers' policies are expected to improve the price index [2]. - **RMB Exchange Rate**: The US dollar is weak, and non - US currencies are generally strong. The short - term exchange rate between the US dollar and the RMB is expected to be supported in the range of 7.15 - 7.23, with a likely anchor at 7.20 [3]. - **Stock Index**: The domestic economic data did not exceed market expectations, and the short - term market is expected to continue the trend of shrinking volume and oscillation. Wait for the release of domestic financial data and US inflation data [5]. - **Treasury Bonds**: The liquidity has improved, and the primary market situation is better than expected. It is recommended to hold long positions [6]. - **Container Shipping**: The SCFI European line continues to decline. The futures price is expected to be in a volatile or slightly declining trend in the short - to - medium term [8]. - **Precious Metals**: Gold and silver are expected to be bullish in the medium - to - long term and strong in the short term. It is recommended to buy on dips [12]. - **Aluminum Industry Chain**: Aluminum prices are expected to fluctuate at a high level, alumina is expected to be in a weak oscillation, and casting aluminum alloy is expected to oscillate [13][14][15]. - **Nickel and Stainless Steel**: The nickel and stainless - steel market is expected to oscillate in the range of 118,000 - 126,000 yuan/ton and 12,500 - 13,100 yuan/ton respectively [16]. - **Lithium Carbonate**: The supply of lithium resources is expected to tighten, and investors need to be cautious about holding positions [17]. - **Industrial Silicon and Polysilicon**: Industrial silicon is expected to be in a volatile and slightly upward state, and polysilicon is expected to be in a wide - range oscillation [21]. - **Black Metals**: Steel products are expected to be in a volatile and slightly upward state in the short term, and iron ore is in a narrow - range oscillation. Coal and coke are not pessimistic in the medium - to - long term, and ferroalloys are recommended to be lightly bought on dips [22][24][28]. - **Energy and Chemicals**: Crude oil is at risk of decline, LPG remains in a loose situation, PTA - PX is recommended to expand the processing fee, ethylene glycol is recommended to be bought on dips, methanol 09 is weak, PP and PE are in an oscillatory state, PVC is to be short - allocated, pure benzene and styrene have weak short - term unilateral drives, fuel oil is weak, low - sulfur fuel oil is dragged down by crude oil, asphalt is in a weak oscillation, urea is in a weak oscillation, and glass, soda ash, and caustic soda are in a game between reality and expectation [30][32][37][40][42][43][46][48][50] Summary by Relevant Catalogs Macro - **Domestic**: In July, China's CPI was flat year - on - year, and the decline of PPI narrowed. The export was strong, and the decision - makers introduced a series of livelihood policies [1][2]. - **Overseas**: The US non - farm payrolls data was revised downwards, and the market's expectation of the Fed's interest rate cut increased. There were various international events such as potential US - Russia cease - fire agreements and tariff policies [1] RMB Exchange Rate - **Market Performance**: The on - shore RMB against the US dollar depreciated. The US dollar index was weak, and non - US currencies were strong [2][3] - **Influencing Factors**: The market's expectation of the Fed's interest rate cut, the US domestic economic situation, China's export performance, and the central bank's guidance [3][4] Stock Index - **Market Review**: The stock index oscillated, and the trading volume decreased. The futures index volume decreased, and the bullish sentiment declined [5] - **Influencing Factors**: Domestic economic data, policy support, and the upcoming release of financial and inflation data [5] Treasury Bonds - **Market Performance**: Treasury futures opened high and closed low, then rebounded. The liquidity improved, and the primary market situation was better than expected [5][6] - **Influencing Factors**: Liquidity improvement, the issuance of local bonds, and the impact of VAT adjustment [6] Container Shipping - **Market Performance**: The container shipping index (European line) futures oscillated, and the SCFI European line continued to decline [7][8] - **Influencing Factors**: Shipping company performance, geopolitical risks, and shipping company price adjustments [8] Precious Metals - **Market Performance**: Gold and silver prices fluctuated, affected by tariff policies and Fed news. Fund positions and inventory changed [9][10][11] - **Influencing Factors**: US tariff policies, Fed interest rate cut expectations, and China's gold reserve increase [9][10] Aluminum Industry Chain - **Aluminum**: The price oscillated, affected by inventory and the approaching peak season [13] - **Alumina**: The supply was excessive, the price was under pressure, and the cost was the support [14] - **Casting Aluminum Alloy**: The supply and demand were good, and the price followed the aluminum price [15] Nickel and Stainless Steel - **Market Performance**: The prices oscillated, and the fundamentals provided some support [16] - **Influencing Factors**: Supply and demand of nickel ore, nickel iron, and stainless steel, and macro - level factors such as tariffs and interest rate cut expectations [16] Lithium Carbonate - **Market Performance**: The futures price rose, and the inventory increased [16][17] - **Influencing Factors**: Mine - end news, production and demand of the lithium battery industry chain, and the suspension of mining operations [16][17] Industrial Silicon and Polysilicon - **Market Performance**: The prices oscillated, and the production and demand of the industry changed [17][18][19] - **Influencing Factors**: Production capacity changes, market demand, and the adjustment of registered brands [18][19][20] Black Metals - **Steel Products**: The prices oscillated, and the supply and demand were affected by production restrictions and market demand [22] - **Iron Ore**: The price oscillated in a narrow range, and the supply and demand were affected by coal prices and steel demand [22][23][24] - **Coal and Coke**: The prices oscillated strongly, and the supply and demand were affected by production inspections, imports, and downstream demand [24][25] - **Ferroalloys**: The prices fluctuated with coal prices, and the supply and demand were affected by steel production and raw material supply [26][27][28] Energy and Chemicals - **Crude Oil**: The price declined, and the supply and demand were affected by seasonal factors and geopolitical events [28][29][30] - **LPG**: The price was under pressure, and the supply was loose while the demand was slightly improved [31][32] - **PTA - PX**: The price followed the cost, and there was a supply - demand gap in August [32][33] - **Ethylene Glycol**: The price oscillated, and the supply and demand were in a weak balance [36] - **Methanol**: The 09 contract was weak, and the port inventory increased [37][38] - **PP and PE**: The prices oscillated, and the supply and demand were in a state of change [39][40][42] - **PVC**: The price was high - valued and high - inventory, and it was recommended to be short - allocated [43] - **Pure Benzene and Styrene**: The short - term unilateral drive was weak, and the supply and demand situation was different [43][44][46] - **Fuel Oil and Low - Sulfur Fuel Oil**: The prices were affected by supply, demand, and inventory factors [46] - **Asphalt**: The price was in a weak oscillation, and the supply and demand were affected by weather and funds [47][48] - **Urea**: The price was in a weak oscillation, and the supply and demand were affected by export and agricultural demand [49][50] - **Glass, Soda Ash, and Caustic Soda**: The prices were in a game between reality and expectation, and the supply and demand were different [50][51][53]

Report Summary 1. Report Industry Investment Rating - No investment rating is provided in the report. 2. Core Viewpoints - The current jujube market has a seasonal demand slump and high inventory of old jujubes, but there is periodic replenishment to support prices. The new - season jujubes are in the critical fruit - setting period, and the market focuses on the weather in the producing areas. The estimated new - season output is expected to decline by 5 - 10% compared to the normal year of 2022 and 20 - 25% compared to 2024, with an estimated output of 56 - 62 million tons. The reduction is less than the absolute low in 2023. There are both bullish and bearish factors in the fundamentals. The implementation of the plan to promote agricultural product consumption by ten departments including the Ministry of Agriculture and Rural Affairs boosts market confidence. In the short term, market sentiment dominates the price fluctuations, and it will return to the fundamentals later. It is recommended to wait and see and focus on the new - season output [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the main jujube futures contract is 10,790 yuan/ton, the main contract position is 136,558 lots (a decrease of 1,475 lots), the net long position of the top 20 futures holders is - 2,568 lots, the number of warehouse receipts is 8,739, and the effective warehouse receipt forecast is 1,455 [2]. Spot Market - The prices of jujube in different regions vary. For example, the unified - grade jujube price in Kashgar is 6 yuan/kg, the first - grade grey jujube wholesale price in Hebei is 4.45 yuan/jin, and the special - grade jujube price in Guangdong is 11 yuan/kg [2]. Upstream Market - The annual jujube output is 3.187 million tons, and the planting area is 1.993 million hectares (a decrease of 41,000 hectares) [2]. Industry Situation - The national jujube inventory is 10,090 tons (a decrease of 230 tons from last week, a 2.23% week - on - week decrease and a 73.07% year - on - year increase), the monthly jujube export volume is 1,765,107 kg (a decrease of 464,120 kg), and the cumulative monthly export volume is 17,115,674 kg [2]. Downstream Situation - The jujube wholesale price in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is 1.47 yuan/kg. The cumulative sales volume of Haoxiangni's jujubes is 36,480.43 tons (a decrease of 2,981.06 tons), and the cumulative year - on - year jujube production of Haoxiangni is - 34.59% [2]. Industry News - On July 29, there was light rain in Aksu with temperatures between 18 - 32°C. Jujube farmers are actively managing their orchards. The mainstream per - mu yield is estimated to be between 700 - 800 kg. The 2601 jujube futures contract fell 1.33% on Tuesday [2].

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The demand for red dates is in a seasonal off - peak, and the inventory of old fruits is high, but there is periodic replenishment to support prices. The new - season crops are in the critical fruit - setting period, and the market focuses on the weather in the production areas. The estimated new - season output is 56 - 62 million tons, with a decrease of 5 - 10% compared to the normal year of 2022 and 20 - 25% compared to 2024. The reduction is less than that of the absolute low - yield year in 2023. The market is influenced by both bullish and bearish factors. The release of the implementation plan to promote agricultural product consumption by ten departments including the Ministry of Agriculture and Rural Affairs boosts market confidence in the short term. The red date 2601 contract showed a short - term upward trend, and the market sentiment dominated the price fluctuations in the short term, while it will return to the fundamentals later. It is recommended to wait and see for now [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates is 10,695 yuan/ton, and the position of the main contract is 138,033 lots, a decrease of 73 lots compared to the previous period. The net long position of the top 20 futures holders is - 2,505 lots, the number of warehouse receipts is 8,740, and the total number of valid warehouse receipt forecasts is 1,455 [2] 3.2现货市场 - The prices of red dates in various regions are as follows: the unified price of red dates in Kashgar is 6 yuan/kg, the first - grade grey jujube wholesale price in Hebei is 4.35 yuan/jin, the unified price of red dates in Alar is 5.2 yuan/kg, the first - grade grey jujube wholesale price in Henan is 4.35 yuan/jin, the unified price of red dates in Aksu is 4.8 yuan/kg, the special - grade red date price in Henan is 9.8 yuan/kg, the special - grade red date price in Hebei is 9.81 yuan/kg, the special - grade red date price in Guangdong is 11 yuan/kg, and the first - grade red date price in Guangdong is 9.8 yuan/kg [2] 3.3 Upstream Market - The annual output of red dates is 3.187 million tons, and the planting area is 1.993 million hectares, a decrease of 41,000 hectares compared to the previous period [2] 3.4 Industry Situation - The national red date inventory is 10,090 tons, a decrease of 230 tons compared to the previous week, a month - on - month decrease of 2.23% and a year - on - year increase of 73.07%. The monthly export volume of red dates is 1,765,107 kg, a decrease of 464,120 kg compared to the previous period, and the cumulative export volume is 17,115,674 kg [2] 3.5 Downstream Situation - The wholesale price of red dates in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi Province is 20 yuan/kg. The cumulative sales volume of red dates of好想你 is 36,480.43 tons, a decrease of 2,981.06 tons compared to the previous period, and the cumulative year - on - year output growth rate is 1.47%, a decrease of 34.59 percentage points compared to the previous period [2] 3.6 Industry News - On July 28, there was light rain in Aksu, with temperatures ranging from 19 - 28°C. Jujube farmers were actively engaged in field management. According to on - the - spot research in mid - July, the mainstream per - mu yield is 700 - 800 kg. Attention should be paid to the replenishment of the third and fourth batches of flowers and the physiological fruit drop. The red date 2601 contract rose 2.2% on Monday [2]

| 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:红枣(日,元/吨) -80 主力合约持仓量:红枣(日,手) | 10515 | | 125888 | -6797 -19 | | | 期货前20名持仓:净买单量:红枣(日,手) 1395 仓单数量:红枣(日,张) | -22244 | | 8893 | | | | 有效仓单预报:红枣:小计(日,张) | 1448 | 0 | | | | 现货市场 | 喀什红枣统货价格(日,元/公斤) 0 河北一级灰枣批发价格(日,元/斤) | 6 | | 4.35 | 0 | | | 阿拉尔红枣统货价格(日,元/公斤) 0 河南一级灰枣批发价格(日,元/斤) | 5.2 | | 4.35 | 0 | | | 阿克苏红枣统货价格(日,单位:元/公斤) 0 河南红枣特级价格(元/公斤) | 4.8 | | 9.8 | 0 | | | 河北红枣特级价格(元/公斤) 0 广东红枣特级价格(日,元/公斤) | 9.81 | | 11 | 0 ...

红枣产业日报 2025-07-22 | 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:红枣(日,元/吨) | 10490 | 160 主力合约持仓量:红枣(日,手) | 132308 | -5271 -35 | | | 期货前20名持仓:净买单量:红枣(日,手) | -20196 | 2665 仓单数量:红枣(日,张) | 8912 | | | | 有效仓单预报:红枣:小计(日,张) | 1448 | 0 | | | | 现货市场 | 喀什红枣统货价格(日,元/公斤) | 6 | 0 河北一级灰枣批发价格(日,元/斤) | 4.35 | 0 | | | 阿拉尔红枣统货价格(日,元/公斤) | 5.2 | 0 河南一级灰枣批发价格(日,元/斤) | 4.35 | 0 | | | 阿克苏红枣统货价格(日,单位:元/公斤) | 4.8 | 0 河南红枣特级价格(元/公斤) | 9.8 | 0 | | | 河北红枣特级价格(元/公斤) | 9.74 | -0.06 广东红枣 ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - This week, the price of the main contract of Zhengzhou jujube futures declined, with a weekly drop of approximately 2.36%. The physical inventory of 36 sample points was 10,320 tons, a decrease of 110 tons from last week, a 1.05% week - on - week decrease and a 74.89% year - on - year increase. As the weather gets hotter and seasonal fresh fruits are on the market, the demand for jujubes is in a seasonal off - peak, and inventory digestion is slow. The new - season jujube trees are in the critical fruit - setting period, and their growth is relatively good. The production reduction may be less than expected. It is expected that the price of the main jujube contract will be weakly volatile in the short term. Attention should be paid to the situation of the second - crop flowers and fruits. Future trading should focus on weather impacts and the consumer end [8][11]. Summary by Directory 1. Weekly Summary - **Market Review**: The price of the main contract of Zhengzhou jujube futures declined, with a weekly drop of about 2.36% [8][11]. - **Market Outlook**: The physical inventory of 36 sample points was 10,320 tons, a 1.05% week - on - week decrease and a 74.89% year - on - year increase. Due to seasonal factors, jujube demand is weak, and inventory digestion is slow. The new - season jujube trees are growing well, and the production reduction may be less than expected. The price of the main contract is expected to be weakly volatile in the short term. Attention should be paid to the second - crop flowers and fruits [8]. - **Future Trading Tips**: Focus on weather impacts and the consumer end [8]. 2. Futures and Spot Market - **Futures Price**: The price of the main contract of Zhengzhou jujube futures dropped by about 2.36% this week [11]. - **Top 20 Positions**: As of this week, the net position of the top 20 in jujube futures was - 22,674 lots [13]. - **Warehouse Receipts**: As of this week, the number of Zhengzhou jujube warehouse receipts was 8,971 [18]. - **Futures Spread**: As of this week, the spread between the 2509 and 2601 contracts of Zhengzhou Commodity Exchange jujube futures was - 1020 yuan/ton [21]. - **Basis**: As of this week, the basis between the Hebei gray jujube spot price and the main jujube futures contract was - 630 yuan/ton [22]. - **New - Season Purchase Price**: As of July 18, 2025, the purchase prices of jujube bulk goods in Aksu, Alar, and Kashgar were 4.8 yuan/kg, 5.2 yuan/kg, and 6 yuan/kg respectively [25]. - **First - Class Spot Price**: As of July 18, 2025, the wholesale prices of first - class gray jujubes in Cangzhou, Hebei, and Henan were 4.3 yuan/jin and 4.35 yuan/jin respectively [30]. - **Superior - Grade Spot Price**: As of July 18, 2025, the wholesale prices of superior - grade gray jujubes in Cangzhou, Hebei, and Henan were 9.71 yuan/kg and 9.8 yuan/kg respectively [34]. 3. Industry Chain Situation - **Supply - Side - Inventory**: According to Mysteel's data, the physical inventory of 36 sample points was 10,320 tons, a 1.05% week - on - week decrease and a 74.89% year - on - year increase, showing a slight decline this week [38]. - **Supply - Side - Production**: The jujube crop is growing well, and it is expected that the production in the 2024/25 season will recover [43]. - **Demand - Side - Export**: In May 2025, China's jujube export volume was 2,229,227 kg, a 5.61% year - on - year decline. From January to May, the cumulative export volume was 15,350,567 kg, a 16.99% cumulative year - on - year increase [47]. - **Demand - Side - BOCE Trading**: This week, the order volume of the BOCE Xinjiang Zao Hao brand was not traded [51]. 4. Options Market and Futures - Stock Correlation - **Options Market**: The implied volatility of the at - the - money jujube options this week is presented in the relevant chart, but no specific data is given [53]. - **Stock Market - Haoxiangni**: A chart of Haoxiangni's price - earnings ratio is provided, but no specific data or analysis is given [55].