1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - The follow - up market trend depends on the peak - season consumption performance. If terminal demand is released as expected, inventory clearance may speed up and support price stability; if consumption falls short of expectations, existing inventory pressure may intensify. With short - term supply being loose and demand showing no obvious improvement, the jujube price is expected to remain weak. [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for jujube is 8,890 yuan/ton, with a increase of 140 yuan. The main contract's open interest is 117,319 lots, a decrease of 11,950 lots. [2] - The net long position of the top 20 futures holders is - 12,784 lots, an increase of 1,373 lots. The number of warehouse receipts is 1,092, and the total valid warehouse receipt forecast is 675, a decrease of 394. [2] 3.2 Spot Market - The prices of jujube in various regions are mostly stable, with only the price of Hebei's top - grade jujube slightly decreasing by 0.03 yuan/kg to 9.53 yuan/kg. [2] 3.3 Upstream Market - The annual jujube output is 6.069 million tons, an increase of 3.187 million tons, and the planting area is 1.993 million hectares, a decrease of 41,000 hectares. [2] 3.4 Industry Situation - The national jujube inventory is 16,108 tons, an increase of 318 tons. The monthly export volume is 3,537,566 kg, an increase of 1,332,346 kg, and the cumulative monthly export volume is 29,291,188 kg, an increase of 3,537,566 kg. [2] 3.5 Downstream Situation - The cumulative quarterly sales volume of Hao Xiang Ni's jujube is 36,480.43 tons, a decrease of 2,981.06 tons, and the cumulative year - on - year production growth rate is 1.47%, a decrease of 34.59 percentage points. [2] - The average daily number of trucks arriving at the Ruyifang market is 5.13, a decrease of 0.25 trucks. The monthly average wholesale price of jujube is 10.33 yuan/kg, an increase of 0.46 yuan/kg. [2] 3.6 Industry News - In Hebei's Cui'erzhuang market, there is a small amount of goods arriving, and due to the weather, the number of purchasing customers is average. In the Guangdong Ruyifang market, 2 trucks of jujube arrive, and the price is stable. The Xinjiang procurement is almost over, with some merchants still looking for goods and storing them in dry warehouses in Xinjiang. [2]

红枣产业日报 2025-12-18 | 环比 | 项目类别 | 数据指标 最新 环比 数据指标 最新 | | | | --- | --- | --- | --- | --- | | -618 | 期货市场 | 期货主力合约收盘价:红枣(日,元/吨) 8920 5 主力合约持仓量:红枣(日,手) 123674 | | | | 0 | | 期货前20名持仓:净买单量:红枣(日,手) -10403 -538 仓单数量:红枣(日,张) 982 | | | | | | 有效仓单预报:红枣:小计(日,张) 1145 | 0 | | | 0 | 现货市场 | 喀什红枣统货价格(日,元/公斤) 6.5 0 河北一级灰枣批发价格(日,元/斤) 4.4 | | | | 0 | | 阿拉尔红枣统货价格(日,元/公斤) 5.65 0 河南一级灰枣批发价格(日,元/斤) 4.45 | | | | 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) 5.15 | | 9.9 | | 0 | | 河北红枣特级价格(元/公斤) 9.65 -0.02 广东红枣特级价格(日,元/公斤) 10.6 | | | ...

Report Summary 1. Report Industry Investment Rating - Not provided in the report 2. Core View of the Report - The acquisition of grey jujubes in Xinjiang's main production areas is nearing completion, with an overall progress of about 90%. As of December 4, 2025, the physical inventory of 36 sample points of jujubes this week was 13,910 tons, an increase of 3,062 tons from last week, a month-on-month increase of 28.23% and a year-on-year increase of 135.16%. The inventory at sample points has increased. This week, the acquisition progress of jujubes in the Third Agricultural Division of Xinjiang and Maigaiti area has accelerated, with high procurement enthusiasm from enterprises and merchants, and a significant increase in the number of signed orders. The product prices in the sales areas have also stabilized. With the increase in downstream procurement, some holders have tentatively adjusted their quotes slightly. In the short term, prices will mainly operate at a low level. Attention should be paid to the actual sales situation. If the actual demand improves, the probability of price rebound will increase [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for jujubes was 9,180 yuan/ton, and the position of the main contract was 70,812 lots, a decrease of 8,380 lots compared to the previous period. The net long position of the top 20 futures holders was -3,675 lots, and the number of warehouse receipts was 701, an increase of 42. The total effective warehouse receipt forecast for jujubes was 781 [2] 现货市场 - The prices of jujube products in different regions remained stable. For example, the wholesale price of first-class grey jujubes in Hebei was 4.25 yuan/jin, and in Henan it was 4.3 yuan/jin. The prices of special-grade jujubes in different regions were also stable, such as 9.8 yuan/kg in Henan, 9.74 yuan/kg in Hebei, and 10.8 yuan/kg in Guangdong [2] Upstream Market - The annual jujube output was 318.7 million tons, and the planting area was 1.993 million hectares, a decrease of 41,000 hectares [2] Industry Situation - The national jujube inventory this week was 13,910 tons, an increase of 3,062 tons. The monthly jujube export volume was 2,205,220 kilograms, a decrease of 78,451 kilograms. The cumulative monthly jujube export volume was 25,753,622 kilograms [2] Downstream Situation - The cumulative quarterly sales volume of jujubes by Hao Xiang Ni was 36,480.43 tons, and the cumulative quarterly year-on-year production increase was 1.47%, a decrease of 34.59 percentage points [2] Industry News - The acquisition of grey jujubes in Xinjiang's production areas is in the final stage. Only some sellers with average quality and those holding out for higher prices remain. The mainstream prices for general jujubes in different regions are as follows: Aksu 4.80 - 5.20 yuan/kg, Alar 5.00 - 6.00 yuan/kg, Kashgar 6.00 - 6.50 yuan/kg, and Maigaiti 6.00 - 6.30 yuan/kg. The acquisition in Ruoqiang, Hotan, and Qiemo has ended, and raw material acquisition in the production areas follows the principle of high quality at a high price [2]

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report The short - term price of Zhengzhou jujube futures may remain weak. The market acceptance of general - quality jujubes is poor, and downstream merchants make purchases as needed. The inventory of 36 sample points has increased, and follow - up attention should be paid to the acquisition progress of the remaining goods in each production area [2]. 3) Summary by Relevant Catalogs Futures Market - The closing price of the main jujube futures contract is 9,110 yuan/ton, with a week - on - week increase of 55; the main contract position is 93,633 lots, with a week - on - week decrease of 5,350 [2]. - The net long position of the top 20 futures holders is - 13,922 lots, with a week - on - week increase of 2,180; the number of warehouse receipts is 516, with a week - on - week increase of 462; the total number of valid warehouse receipt forecasts is 928, with a week - on - week decrease of 462 [2]. Spot Market - The prices of jujube in various regions have generally declined. For example, the price of Kashgar jujube general goods is 6.15 yuan/kg, with a week - on - week decrease of 0.35; the wholesale price of first - grade grey jujube in Hebei is 4.3 yuan/jin, with a week - on - week decrease of 0.15 [2]. Upstream Market - The annual jujube output is 6.069 million tons, with an increase of 3.187 million tons; the planting area is 1.993 million hectares, with a decrease of 41,000 hectares [2]. Industry Situation - The national jujube inventory is 10,848 tons, with an increase of 518 tons, a week - on - week increase of 5.01% and a year - on - year increase of 90.32%; the monthly jujube export volume is 2,205,220 kg, with a decrease of 78,451 kg; the cumulative monthly jujube export volume is 25,753,622 kg, with an increase of 2,205,220 kg [2]. Downstream Situation - The cumulative quarterly sales volume of jujubes of Hao Xiang Ni is 36,480.43 tons, with a decrease of 2,981.06 tons; the cumulative year - on - year jujube production growth rate is 1.47%, with a decrease of 34.59 percentage points [2]. Industry News - The Hebei Cuierzhuang market mainly trades new jujubes. After the new - season harvest, jujubes are gradually sent back to the factory for processing. The prices of new - season jujubes vary greatly. The成交 price is trending weakly, and downstream merchants make purchases as needed [2]. - The Guangdong Ruyifang market has 5 trucks of jujubes arriving, with sufficient supply. Some holders sell at a discount to avoid storage costs [2]. - In the Xinjiang main production area, the acquisition in Hotan, Qiemo, and Ruoqiang has ended. In Aksu, about 80% of jujubes have been sold; in Alar, about 60 - 70% have been sold. The acquisition progress in the Third Division is about 20%, and in Maigaiti, it is about 30 - 40%. The prices in the production area are trending weakly [2].

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Core View of the Report - The acquisition progress of grey jujubes in Xinjiang's production areas is over half, with prices trending weakly. The short - term price of Zhengzhou jujube futures may remain weak. The inventory of 36 sample points has increased both on a week - on - week and year - on - year basis. The main purchasing power in the market currently comes from Cangzhou merchants, and the acquisition progress of the remaining goods in each production area needs to be closely monitored in the future [2]. 3. Summary by Related Catalogs Futures Market - The closing price of the futures main contract for jujubes is 9055 yuan/ton, the main contract position is 98983 lots (a decrease of 6574 lots compared to the previous period), the net long position of the top 20 futures holders is - 16102 lots, the number of warehouse receipts is 54 (an increase of 54 compared to the previous period), and the total effective warehouse receipt forecast is 1390 lots [2]. Spot Market - The prices of jujube products in various regions are as follows: the unified price of Kashgar jujubes is 6.5 yuan/kg (a decrease of 0.1 yuan/kg compared to the previous period), the wholesale price of first - grade grey jujubes in Hebei is 4.45 yuan/jin (unchanged), the unified price of Alar jujubes is 5.5 yuan/kg (unchanged), the wholesale price of first - grade grey jujubes in Henan is 4.45 yuan/jin (unchanged), the unified price of Aksu jujubes is 5.05 yuan/kg (unchanged), the price of special - grade jujubes in Henan is 9.8 yuan/kg (unchanged), the price of special - grade jujubes in Hebei is 9.81 yuan/kg (a decrease of 0.02 yuan/kg compared to the previous period), the price of special - grade jujubes in Guangdong is 11 yuan/kg (unchanged), and the price of first - grade jujubes in Guangdong is 9.8 yuan/kg (unchanged) [2]. Upstream Market - The annual jujube output is 318.7 million tons, and the planting area is 199.3 million hectares (a decrease of 4.1 million hectares compared to the previous period) [2]. Industry Situation - The national jujube inventory is 10848 tons (an increase of 518 tons compared to the previous week, a week - on - week increase of 5.01% and a year - on - year increase of 90.32%), the monthly jujube export volume is 2205220 kg (a decrease of 78451 kg compared to the previous period), and the cumulative monthly jujube export volume is 25753622 kg [2]. Downstream Situation - The cumulative sales volume of jujubes of Hao Xiang Ni is 36480.43 tons (a decrease of 2981.06 tons compared to the previous period), and the cumulative year - on - year production growth rate is 1.47% (a decrease of 34.59 percentage points compared to the previous period) [2]. Industry News - The acquisition progress of grey jujubes in Xinjiang's production areas is over half, with prices trending weakly. The acquisition progress in Aksu and Alar areas is relatively fast, and the purchased goods are being shipped. The acquisition in Hotan, Qiemo, and Ruoqiang areas has ended. The acquisition of raw materials in the production areas is priced according to quality, adhering to the principle of high - quality and high - price. The acquisition enthusiasm is average [2].

Core Insights - The third division of Tumushuke City is experiencing a peak in red date processing as the harvest season comes to an end, with significant orders flowing in from various markets including Guangdong [2][3][4] Group 1: Processing and Production - The processing companies are actively engaged in production, with facilities operating around the clock to meet the demand for high-quality red dates [3][5][8] - Tangyi Date Industry has already purchased 4,500 tons of red dates from local farmers, with a daily processing capacity increased from 15 tons to 30 tons due to equipment upgrades [7][19][20] - The total planting area for red dates in Tumushuke City is over 330,000 acres, with an expected total output of approximately 220,000 tons [10] Group 2: Market Demand and Sales - Tangyi Date Industry has signed contracts worth 25 million yuan, with red dates set to be shipped to Hebei, Guangzhou, and Shanghai [9] - The Green Sugar Heart Winter Date Cooperative has seen a significant increase in online and offline orders, producing over 1 ton of dried winter dates daily to meet demand [14][16] - The market for red dates is expanding, with the cooperative developing over ten derivative products, including freeze-dried dates [30][32] Group 3: Industry Development and Support - The red date industry in Qianhai Town has been bolstered by support from Guangdong, establishing a complete industrial chain with three core processing enterprises and nine modern production lines [23][24] - The focus has shifted from selling raw materials to creating brands, enhancing market recognition and expanding brand influence [40][44] - The local workforce is benefiting from the industry's growth, with employees experiencing increased job satisfaction and income opportunities [45][49][51]

成交一般，短期郑枣期价预计低位运行为主。 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 | 数据指标 | | 项目类别 最新 环比 数据指标 最新 | | 环比 | | --- | --- | --- | --- | --- | | 期货主力合约收盘价:红枣(日,元/吨) | | 9175 -50 主力合约持仓量:红枣(日,手) 117239 期货市场 | | -4404 | | 期货前20名持仓:净买单量:红枣(日,手) | | -7061 -3339 仓单数量:红枣(日,张) | 0 | 0 | | 有效仓单预报:红枣:小计(日,张) | | 536 108 | | | | 喀什红枣统货价格(日,元/公斤) | | 6.8 0 河北一级灰枣批发价格(日,元/斤) 现货市场 | 0.1 | 4.45 | | 阿拉尔红枣统货价格(日,元/公斤) | | 5.5 -0.15 河南一级灰枣批发价格(日,元/斤) | 0 | 4.45 | | 阿克苏红枣统货价格(日,单位:元/公斤) | | -0.35 河南红枣特级价格(元/公斤) 5.15 | 0 | 9.8 | | ...

Report Summary 1. Industry Investment Rating No investment rating provided in the report. 2. Core View The sample - point inventory of red dates has increased. About 50% of the acquisition in major producing areas has been completed, and the acquired goods are being shipped. The acquisition progress in the Third Division and Maigaiti area is relatively slow. The product prices in the sales area continue to decline, the downstream purchasing enthusiasm is low, the market transaction is average, the spot price is expected to be weakly stable, and the Zhengzhou red date futures price is expected to run at a low level in the short term [3]. 3. Summary by Directory 3.1 Futures Market - The closing price of the futures main contract for red dates is 9225 yuan/ton, and the main - contract position is 121,643 lots, a decrease of 13,118 lots compared to the previous period. The net long position of the top 20 futures holders is - 3722 lots, the number of warehouse receipts is 0, and the total effective warehouse - receipt forecast is 428 [3]. 3.2 Spot Market - The prices of red dates in different regions show different trends. For example, the wholesale price of first - grade grey dates in Hebei is 4.35 yuan/jin, a decrease of 0.05 yuan/jin; the wholesale price of first - grade grey dates in Henan is 4.45 yuan/jin, unchanged; the price of special - grade red dates in Hebei is 9.66 yuan/kg, a decrease of 0.01 yuan/kg; the price of special - grade red dates in Guangdong is 11.2 yuan/kg, a decrease of 0.1 yuan/kg [3]. 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 [3]. 3.4 Industry Situation - The national red - date inventory is 10,330 tons, an increase of 490 tons compared to the previous week, a 4.98% week - on - week increase and a 101.76% year - on - year increase. The monthly export volume of red dates is 2,205,220 kg, a decrease of 78,451 kg, and the cumulative export volume is 25,753,622 kg [3]. 3.5 Downstream Situation - The cumulative sales volume of red dates of Hao Xiang Ni is 36,480.43 tons, and the cumulative year - on - year growth rate of production is 1.47%, a decrease of 34.59 percentage points [3]. 3.6 Industry News - In the Hebei Cuierzhuang market, 15 trucks of red dates arrived, with reference prices of 9.50 yuan/kg for special - grade, 8.50 - 8.70 yuan/kg for first - grade, and 7.50 yuan/kg for second - grade. In the Guangdong Ruyifang market, 12 trucks of red dates arrived, with reference prices of 10.80 yuan/kg for special - grade and 9.90 yuan/kg for first - grade. The quality of the arrived goods varies, the price difference has widened, and the market acceptance of ordinary goods is poor. The red dates in the Xinjiang main - producing area are in the late stage of being picked, and the acquisition progress in Aksu and other places has accelerated [3].

Core Viewpoint - The Xinjiang Production and Construction Corps' Third Division is experiencing a bountiful harvest of 330,000 acres of red dates, with an estimated total production of approximately 220,000 tons by the end of November, driven by improved quality and stable yields [2][3][5]. Group 1: Harvest and Quality - The red dates are expected to yield between 750-800 kg per acre, attributed to favorable weather conditions with less rain leading to plumper and firmer fruits [7][6]. - The unique harvesting method involves natural drying on the tree, known as "hanging dry dates," which enhances the quality of the dates [9][10]. - The red dates from this region are characterized by thin skin, thick flesh, small seeds, and a high sugar content exceeding 75%, with a moisture content of 22% [20][21]. Group 2: Market Demand and Sales - There is strong market demand, with pre-orders already made for 25,000 tons of red dates, accounting for 45% of the total processing capacity in the region [28][30]. - The establishment of a centralized purchasing platform is being coordinated to facilitate sales and connect local farmers with processing enterprises [25][26]. Group 3: Industry Development and Support - The region benefits from favorable climatic conditions, including over 2,800 hours of annual sunlight and significant temperature variations, making it a prime area for high-quality red date production [47][48]. - A comprehensive development plan for the red date industry has been implemented, focusing on enhancing local processing capabilities and promoting quality-driven pricing [50][51]. - The establishment of a red date research institute aims to support the industry from cultivation to market, enhancing product quality and expanding the product range [60][62].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View of the Report - The physical inventory of 36 sample points of red dates this week is 9,348 tons, an increase of 245 tons from last week, a month - on - month increase of 2.69%, and a year - on - year increase of 120.78%. In the sales area market, the price in the Hebei market has been slightly reduced, and customers are picking and making small - volume transactions. The price acceptance is currently average. It is expected that the production area will enter the centralized harvesting stage in early November. Attention should be paid to changes in the enthusiasm and volume of customer purchases. In terms of operation, it is advisable to wait and see in the short term [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates is 9,695 yuan/ton, a decrease of 585 yuan; the position of the main contract is 178,928 lots, an increase of 69 lots. The net long position of the top 20 futures holders is - 9,805 lots, a decrease of 5,679 lots; the number of warehouse receipts is 0, with no change; the total effective warehouse receipt forecast is 0, with no change [2]. 3.2 Spot Market - The prices of red dates in various regions are as follows: the price of general - grade red dates in Kashgar is 7.35 yuan/kg, with no change; the wholesale price of first - grade gray dates in Hebei is 4.7 yuan/jin, with no change; the price of general - grade red dates in Alar is 0 yuan/kg; the wholesale price of first - grade gray dates in Henan is 4.75 yuan/jin, with no change; the price of general - grade red dates in Aksu is 6.65 yuan/kg, with no change; the price of special - grade red dates in Henan is 10.5 yuan/kg, with no change; the price of special - grade red dates in Hebei is 10.35 yuan/kg, a decrease of 0.03 yuan; the price of special - grade red dates in Guangdong is 11.6 yuan/kg, with no change; the price of first - grade red dates in Guangdong is 10.6 yuan/kg, with no change [2]. 3.3 Upstream Market - The annual output of red dates is 606.9 million tons, an increase of 318.7 million tons; the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2]. 3.4 Industry Situation - The national red date inventory this week is 9,348 tons, an increase of 245 tons; the monthly export volume of red dates is 2,283,671 kg, a decrease of 81,222 kg; the cumulative monthly export volume is 23,548,402 kg, an increase of 2,283,671 kg [2]. 3.5 Downstream Situation - The cumulative quarterly sales volume of red dates of Hao Xiang Ni is 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative quarterly year - on - year production growth rate is 1.47%, a decrease of 34.59 percentage points [2]. 3.6 Industry News - In the Hebei Cuierzhuang market, 3 trucks arrived at the parking area. The reference prices for the arrived goods are: special - grade 10.50 yuan/kg, first - grade 9.40 yuan/kg, and second - grade 7.60 - 8.20 yuan/kg. There are many customers looking at and purchasing goods in the market. Combined with the prices, old stock is more popular than new stock. In the Guangdong Ruyifang market, 2 trucks of new - season products arrived. The reference prices for the arrived new - season products are: special - grade 12.80 yuan/kg, second - grade 9.80 yuan/kg. The market acceptance of new goods is average, and customers purchase according to their needs. The prices of old - stock special - grade and first - grade are 12.00 yuan/kg and 10.80 yuan/kg respectively, and customers pick and buy [2]. - Xinjiang merchants have high enthusiasm for purchasing, actively finalize orchards and trees, and actively ship the harvested goods to the inland. The number of price - setting sales by futures - cash companies has increased, and some customers are actively purchasing old - season goods [2].