Report Investment Rating - No investment rating information is provided in the report [1][2] Core View - The acquisition of grey jujubes in Xinjiang's production areas has ended, with limited remaining supply and few transactions. Raw material purchases in production areas are based on quality, adhering to the principle of better quality commanding higher prices. In the sales areas, the Hebei Cuierzhuang market has received both finished and sub - standard jujubes, with local processors mainly selling their own processed products and holders actively selling. Downstream merchants make purchases as needed. The Guangdong Ruyifang market mainly receives supplies from Xinjiang, with average transactions. Overall, the market supply is sufficient, but the "peak season without peak demand" situation persists, and short - term weakness is expected to continue [2] Summary by Directory Futures Market - The closing price of the main futures contract for jujubes is 8,975 yuan/ton, with a week - on - week increase of 20. The main contract's open interest is 114,030 lots, up 995. The net long position of the top 20 futures holders is - 15,648 lots, up 965. The number of warehouse receipts is 2,105, up 3. The total valid warehouse receipt forecasts are 852, up 341 [2] Spot Market - The prices of Kashgar jujube bulk goods, Hebei first - grade grey jujubes, Alar jujube bulk goods, and Aksu jujube bulk goods remain unchanged at 6.5 yuan/kg, 4.1 yuan/jin, 5.65 yuan/kg, and 5.15 yuan/kg respectively. The wholesale prices of first - grade grey jujubes in Henan and Hebei, and the prices of special - grade jujubes in Henan, Hebei, and Guangdong, as well as the price of first - grade jujubes in Guangdong, have either decreased or remained stable. The price of Henan first - grade grey jujubes decreased by 0.2 yuan/jin to 4.15 yuan/jin, and the price of Henan special - grade jujubes decreased by 0.2 yuan/kg to 9.5 yuan/kg [2] Upstream Market - The annual jujube production is 6.069 million tons, an increase of 3.187 million tons. The jujube planting area is 1.993 million hectares, a decrease of 41,000 hectares [2] Industry Situation - The national jujube inventory is 15,649 tons, a decrease of 249 tons. The monthly jujube export volume is 3,537,566 kg, an increase of 1,332,346 kg. The cumulative monthly jujube export volume is 29,291,188 kg, an increase of 3,537,566 kg [2] Downstream Situation - The cumulative quarterly sales volume of "Hao Xiang Ni" jujubes is 36,480.43 tons, a decrease of 2,981.06 tons. The cumulative year - on - year jujube production growth rate is 1.47%, a decrease of 34.59 percentage points. The average daily number of trucks arriving at the Ruyifang market is 5.4, an increase of 1.27. The monthly average wholesale price of jujubes is 10.33 yuan/kg, an increase of 0.46 yuan/kg [2] Industry News - Five trucks of jujubes have arrived at the Hebei Cuierzhuang market, including both sub - standard and finished products. Local processors mainly sell their own processed products, holders are actively selling, and downstream merchants make purchases as needed. Seven trucks of jujubes have arrived at the Guangdong Ruyifang market, mainly from Xinjiang. Some arrival prices are low, the market trading atmosphere is average, downstream merchants make purchases as needed, and the sales area prices have declined compared to pre - holiday levels [2]

Core Insights - The "Linxian Red Dates" brand showcased its products at the Shenzhen International Health and Nutrition Health Products Exhibition, achieving over 1 million yuan in sales and over 25 million yuan in intended sales, attracting more than 250 potential clients [1][3]. Group 1: Event Overview - The exhibition took place from December 16 to 18 at the Shenzhen International Convention and Exhibition Center, featuring eight key enterprises from the Linxian red dates industry [1]. - The event was part of Linxian's strategy to promote rural revitalization and brand development of specialty agricultural products [3]. Group 2: Product Presentation - The Linxian red dates booth, covering 54 square meters, was designed to reflect local culture and modern health aesthetics, featuring distinct areas for product display, interactive experiences, and business negotiations [3]. - A variety of products were showcased, including high-quality dried red dates, health drinks, medicinal dishes, dietary supplements, and organic certified products, allowing attendees to experience the unique flavors and health benefits of the red dates [3]. Group 3: Brand Promotion and Recognition - Bai Xinling, a representative from the Agricultural and Rural Affairs Bureau of Lüliang City, shared insights on the development foundation, resource advantages, and policy support for the Linxian red dates industry during a special promotion meeting [3]. - Eight participating companies received authorization certificates for the use of the "Linxian Red Dates" public brand, marking a new phase in the standardized operation of the regional public brand [3]. Group 4: Business Outcomes - Several participating companies reported significant sales and client engagement, with Shanxi Zao Yuandi Biotechnology Co., Ltd. achieving substantial sales and connecting with over a hundred clients [9]. - Other companies, such as Linxian Aohua Date Industry Food Co., Ltd. and Shanxi Yuxian Gu Specialty Products Co., Ltd., also reported promising client connections and sales prospects [9]. Group 5: Future Development - The event provided an opportunity for the Linxian red dates industry to enhance its brand image and industry strength while leveraging the geographic advantages of the Guangdong-Hong Kong-Macao Greater Bay Area for market expansion [9]. - Moving forward, Linxian aims to deepen brand development and establish a comprehensive online and offline marketing system to promote high-quality growth in the red dates industry [9].

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The price of the main Zhengzhou jujube contract fell this week, with a weekly decline of about 0.17%. The acquisition of grey jujubes in Xinjiang's production areas is coming to an end, and there is limited remaining supply and few transactions. The raw material acquisition in production areas is based on quality, adhering to the principle of better quality commanding a higher price. In the sales markets, the Hebei Cuierzhuang market has received both finished products and sub - standard jujubes. Local processing plants mainly process and sell their own goods, and holders are actively selling, while downstream customers purchase as needed. The Guangdong Ruyifang market mainly receives goods from Xinjiang, with average transactions. Overall, the market supply is sufficient, but the "peak season not prosperous" situation in demand persists. It is expected that the short - term weakness will continue [9][10] 3. Summary by Directory 3.1 Week - to - Week Key Points Summary - Future trading tips include monitoring spot prices and the consumer side - The price of the main Zhengzhou jujube contract fell, with a weekly decline of about 0.17% - The acquisition of grey jujubes in Xinjiang's production areas is ending, with limited remaining supply and few transactions. The sales markets have sufficient supply but weak demand, and short - term weakness is expected to continue [9] 3.2 Futures and Spot Market - **Futures Price**: The price of the Zhengzhou jujube 2605 contract fell this week, with a weekly decline of about 0.17% [10] - **Top 20 Positions**: As of this week, the net position of the top 20 in jujube futures was - 16,613 lots [13] - **Warehouse Receipts**: As of this week, the number of Zhengzhou jujube warehouse receipts was 2,120 [17] - **Futures Spread**: As of this week, the spread between the Zhengzhou Commodity Exchange's jujube futures 2605 contract and 2609 contract was - 265 yuan/ton [18] - **Basis**: As of this week, the basis between the Hebei grey jujube spot price and the main jujube futures contract was 615 yuan/ton [23] - **Purchase Price in Main Production Areas**: As of December 31, 2025, the purchase price of jujube bulk goods in Aksu was 5.15 yuan/kg, in Alar was 5.65 yuan/kg, and in Kashgar was 6.5 yuan/kg [26] - **First - Grade Jujube Spot Price**: As of December 31, 2025, the wholesale price of first - grade grey jujubes in Cangzhou, Hebei was 4.15 yuan/jin, and in Henan was 4.35 yuan/jin [30] - **Superior - Grade Jujube Spot Price**: As of December 31, 2025, the spot price of superior - grade grey jujubes in Cangzhou, Hebei was 9.53 yuan/kg, and the wholesale price in Henan was 9.7 yuan/kg [34] 3.3 Industry Chain Situation - **Supply Side - Inventory**: According to Mysteel's agricultural product research data, as of December 25, 2025, the physical inventory of 36 sample points of jujubes this week was 15,898 tons, a decrease of 210 tons from last week, a month - on - month decrease of 1.30%, and a year - on - year increase of 37.17% [39] - **Supply Side - Production Decline Possibility**: The jujube production in the 2025/26 season is expected to decline [43] - **Demand Side - Export Volume**: According to customs data, in November 2025, China's jujube export volume was 3,537,566 kg, the export value was 53,004,642 yuan, the export average price was 14,983.36 yuan/ton. The export volume increased by 60.42% month - on - month and decreased by 5.18% year - on - year. The cumulative export from January to November was 29,291,188 kg, with a cumulative year - on - year decrease of 0.50% [47] - **Demand Side - BOCE Xinjiang Jujube Trading**: The BOCE Xinjiang jujube "Good Brand" had few transactions this week [52] 3.4 Options Market and Futures - Stock Correlation - **Options Market**: The implied volatility of at - the - money jujube options this week is presented in the report, but no specific data is summarized here - **Stock Market - Hao Xiang Ni**: The report shows the price - to - earnings ratio chart of Hao Xiang Ni (002582), but no specific data is analyzed [56]

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - From the current supply - demand situation, the supply of sub - standard products has increased significantly. As of December 25, 2025, the physical inventory of 36 sample points of red dates this week was 15,898 tons, a decrease of 210 tons from last week, a 1.30% decrease month - on - month and a 37.17% increase year - on - year. The inventory of sample points decreased month - on - month. The acquisition in Xinjiang production areas is coming to an end with limited remaining supplies. Processing enterprises in Xinjiang and inland areas are actively arranging production and speeding up the shipment rhythm, and the market arrival volume is gradually increasing. The overall sales in the sales areas remain stable without significant fluctuations. As the sales areas enter the peak consumption season and the market arrival volume increases, the short - term decline of red date prices may be suspended [2] 3. Summary According to Relevant Catalogs Futures Market - The closing price of the futures main contract of red dates is 8,970 yuan/ton, a decrease of 10 yuan; the main contract position is 113,593 lots, an increase of 9179 lots. The net long position of the top 20 futures positions is - 15,312 lots, an increase of 9 lots. The number of warehouse receipts is 1,171, and the total effective warehouse receipt forecast is 1,047, a decrease of 39 [2] 现货市场 - The unified price of Kashgar red dates is 6.5 yuan/kg, unchanged; the wholesale price of first - grade grey dates in Hebei is 4.2 yuan/jin, unchanged; the unified price of Alar red dates is 5.65 yuan/kg, unchanged; the wholesale price of first - grade grey dates in Henan is 4.35 yuan/jin, unchanged; the unified price of Aksu red dates is 5.15 yuan/kg, unchanged; the price of special - grade red dates in Henan is 9.7 yuan/kg, unchanged; the price of special - grade red dates in Hebei is 9.61 yuan/kg, an increase of 0.05 yuan; the price of special - grade red dates in Guangdong is 10.6 yuan/kg, unchanged; the price of first - grade red dates in Guangdong is 9.5 yuan/kg, unchanged [2] Upstream Market - The annual output of red dates is 606.9 tons, an increase of 318.7 tons; the planting area is 1.993 million hectares, a decrease of 41,000 hectares [2] Industry Situation - The national red date 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; the cumulative monthly export volume is 29,291,188 kg, an increase of 3,537,566 kg [2] Downstream Situation - The cumulative quarterly sales volume of Hao Xiang Ni's red dates is 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year production growth rate is 1.47%, a decrease of 34.59 percentage points. The average daily arrival volume of red dates at Ruyifang Market is 4.13 vehicles, a decrease of 1 vehicle; the monthly average wholesale price of red dates is 10.33 yuan/kg, an increase of 0.46 yuan [2] Industry News - In Hebei Cuierzhuang Market, more than 10 trucks of goods arrived at the parking area, including sub - standard and finished products. Merchants purchased according to demand, and the transactions were mainly sub - standard products. In Guangdong Ruyifang Market, 10 trucks of goods arrived, with sufficient market supply. Merchants purchased according to demand, and about 1 - 2 trucks were sold in the morning market [2]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - The physical inventory of 36 sample points of red dates this week was 15,790 tons, an increase of 1,880 tons from last week, a month - on - month increase of 13.52% and a year - on - year increase of 22.01%. The inventory of sample points increased month - on - month. In the 2025 production season, the acquisition structure of grey dates was scattered. The acquisition cycle of large enterprises was limited, and some large enterprises did not conduct harvesting. Most of the货源 was concentrated in the hands of small and medium - sized merchants in the inland areas. With the carry - over inventory of old dates and the new - season supply, the overall supply of red dates was relatively loose. The downstream consumption lacked highlights, and there was hardly any obvious increase in the deep - processing and terminal markets. There were still 2 months until the Spring Festival, and the consumption situation during the peak season should be monitored [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract of red dates was 8,965 yuan/ton, a decrease of 60 yuan; the position of the main contract was 119,763 lots, an increase of 294 lots; the net long position of the top 20 futures holders was - 8,556 lots, an increase of 347 lots; the number of warehouse receipts was 883, unchanged; the total number of effective warehouse receipt forecasts was 1,134, an increase of 365 [2] 3.2现货市场 - The prices of red dates in various regions were mostly stable. The unified price of red dates in Kashgar was 6.5 yuan/kg; the wholesale price of first - grade grey dates in Hebei was 4.4 yuan/jin; the unified price of red dates in Alar was 5.65 yuan/kg; the wholesale price of first - grade grey dates in Henan was 4.45 yuan/jin; the price of special - grade red dates in Henan was 9.9 yuan/kg; the price of special - grade red dates in Hebei was 9.76 yuan/kg, a decrease of 0.01 yuan; the price of special - grade red dates in Guangdong was 10.6 yuan/kg; the price of first - grade red dates in Guangdong was 9.5 yuan/kg [2] 3.3 Upstream Market - The annual output of red dates was 6.069 million tons, an increase of 3.187 million tons; the planting area was 1.993 million hectares, a decrease of 41,000 hectares [2] 3.4 Industry Situation - The national red date inventory was 15,790 tons, an increase of 1,880 tons. The monthly export volume of red dates was 2,205,220 kg, a decrease of 78,451 kg. The cumulative monthly export volume was 25,753,622 kg, an increase of 2,205,220 kg [2] 3.5 Downstream Situation - The cumulative sales volume of red dates of Hao Xiang Ni was 36,480.43 tons, a decrease of 2,981.06 tons. The cumulative year - on - year increase in the output of red dates of Hao Xiang Ni was 1.47%, a decrease of 34.59 percentage points [2] 3.6 Industry News - In the Cui'erzhuang market in Hebei, 14 trucks arrived at the parking area, with an increase in arrivals mainly consisting of sub - standard products. After the new - season harvest, the raw materials were gradually returned to the factory for processing. The procurement cost of merchants was clear, and downstream customers purchased according to demand. In the Ruyifang market in Guangdong, 3 trucks arrived, and the mainstream arrival prices in the market were stable. Downstream merchants took goods according to demand. With the progress of the new red date harvest, the output of each production area was gradually becoming clear [2]

1. Report Industry Investment Rating - There is no information about the industry investment rating in the report. 2. Core View of the Report - As the new jujube harvest progresses, the production in each producing area is becoming clearer. As of December 11, 2025, the physical inventory of 36 sample points of jujubes this week was 15,790 tons, an increase of 1,880 tons from last week, a month - on - month increase of 13.52% and a year - on - year increase of 22.01%. The inventory of sample points increased month - on - month. In the 2025 production season, the acquisition structure of grey jujubes was scattered, large enterprises had a limited acquisition cycle, some large enterprises did not conduct harvesting, and most of the goods were concentrated in the hands of small and medium - sized merchants in the inland. With the carry - over inventory of old jujubes and the new supply, the overall jujube supply was relatively loose, while downstream consumption lacked highlights. There was little obvious increase in the deep - processing and terminal markets. With two months until the Spring Festival, the peak - season consumption situation should be monitored [2]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for jujubes was 9,025 yuan/ton, the main contract position was 119,469 lots (a decrease of 5,836 lots), the net long position of the top 20 futures holders was - 8,903 lots, the number of warehouse receipts was 883 (unchanged), and the total valid warehouse receipt forecast for jujubes was 769 [2]. 3.2 Spot Market - The prices of jujube varieties in different regions remained stable. For example, the unified price of Kashgar jujubes was 6.5 yuan/kg, the wholesale price of first - grade grey jujubes in Hebei was 4.4 yuan/jin, and the price of special - grade jujubes in Guangdong was 10.6 yuan/kg [2]. 3.3 Upstream Market - The annual jujube production was 318.7 million tons, and the planting area was 199.3 million hectares (a decrease of 4.1 million hectares) [2]. 3.4 Industry Situation - The national jujube inventory was 15,790 tons (a weekly increase of 1,880 tons), the monthly jujube export volume was 2,205,220 kg (a decrease of 78,451 kg), and the cumulative monthly jujube export volume was 25,753,622 kg [2]. 3.5 Downstream Situation - The cumulative sales volume of jujubes of Hao Xiang Ni was 36,480.43 tons, and the cumulative year - on - year production growth rate was 1.47% (a decrease of 34.59 percentage points) [2]. 3.6 Industry News - The acquisition of grey jujubes in Xinjiang producing areas was nearing completion. There was little remaining and tradable supply in each producing area. The mainstream prices of general - grade jujubes in different areas were as follows: 5.00 - 5.30 yuan/kg in Aksu, 5.50 - 5.80 yuan/kg in Alar, 6.20 - 6.80 yuan/kg in Kashgar, and 6.00 - 6.30 yuan/kg in Makit. The raw material acquisition in the producing areas was priced according to quality, adhering to the principle of high - quality products at high prices [2].

Core Viewpoint - The integration of the red date industry in Xinjiang with financial markets is leading to a new phase of high-quality development, characterized by external cooperation, technological innovation, and a shift from traditional agricultural practices [1][2]. Group 1: Financial Integration - The red date industry has historically faced challenges such as funding shortages and risk management difficulties, but the deepening integration with finance is providing essential support across various stages of the industry [2]. - The listing of red date futures has significantly transformed the industry, enhancing quality standards and leading to technological upgrades in processing, such as the transition from manual sorting to advanced optical sorting machines [2][3]. - The establishment of red date delivery warehouses in Xinjiang and supportive government policies have made it the largest processing hub for red dates in China, facilitating nationwide distribution [3]. Group 2: Strategic Cooperation - Xinjiang's red date industry is actively expanding its cooperation with domestic and international partners to enhance market access and revenue generation [4][5]. - The collaboration between Hongfu Tian and Wuchan Zhongda is pivotal for transitioning from a regional leader to a national benchmark, focusing on resource complementarity and financial synergy [5]. - The integration of various sectors, including planting, processing, and financial services, is being emphasized by companies like Hongxin Yuan, aiming to create a comprehensive platform for the red date industry [5][6]. Group 3: Technological and Market Innovations - The "financial + industry" model is fostering deep integration between the red date industry and finance, technology, and other sectors, promoting a synergistic development across multiple industries [6]. - The use of financial tools is enhancing the industry's ability to manage risks associated with natural disasters and market fluctuations, ensuring sustainable development [6]. - The growth of the red date industry is not only beneficial for farmers but also plays a crucial role in promoting economic vitality and social stability in border regions, contributing to agricultural modernization and rural revitalization [6].

Report Summary 1. Report Industry Investment Rating No investment rating is provided in the report. 2. Core Viewpoints - The acquisition of grey jujubes in the main production areas of Xinjiang 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% [2]. - This week, the acquisition progress of jujubes in the Third Agricultural Division of Xinjiang and Maigaiti area has accelerated. Enterprises and merchants from various places have high enthusiasm for procurement, and the order signing volume has increased significantly. The prices of products in the sales areas have also stabilized. With the increase in downstream procurement, some holders have tentatively adjusted their quotes slightly. The subsequent actual sales volume should be noted. In the short term, the price center has begun to rise. If the actual demand improves, the probability of price rebound will increase [2]. 3. Summary by Directory Futures Market - The closing price of the main futures contract for jujubes was 9,290 yuan/ton, with a week - on - week increase of 55 yuan/ton. The position of the main contract was 105,657 lots, with a week - on - week increase of 43,099 lots [2]. - The net long position of the top 20 futures holders was - 16,060 lots, with a week - on - week increase of 456 lots. The number of warehouse receipts was 850 sheets, with a week - on - week increase of 164 sheets. The total number of effective warehouse receipt forecasts was 642 sheets, with a week - on - week decrease of 164 sheets [2]. Spot Market - The prices of jujube bulk goods in Kashgar, Alar, and Aksu remained unchanged at 6.5 yuan/kg, 5.65 yuan/kg, and 5.15 yuan/kg respectively. The wholesale prices of first - grade grey jujubes in Hebei and Henan were 4.4 yuan/jin and 4.45 yuan/jin respectively, remaining unchanged [2]. - The prices of special - grade jujubes in Henan, Hebei, and Guangdong were 9.9 yuan/kg, 9.84 yuan/kg, and 10.8 yuan/kg respectively. The price of Hebei jujubes increased by 0.02 yuan/kg week - on - week, while the others remained unchanged. The price of first - grade jujubes in Guangdong was 9.6 yuan/kg, remaining unchanged [2]. Upstream Market - The annual jujube output was 6.069 million tons, with an increase of 3.187 million tons compared to the previous year. The planting area was 1.993 million hectares, with a decrease of 41,000 hectares compared to the previous year [2]. Industry Situation - The national jujube inventory was 13,910 tons, with an increase of 3,062 tons compared to the previous week. The monthly jujube export volume was 2,205,220 kg, with a decrease of 78,451 kg compared to the previous month. The cumulative monthly jujube export volume was 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 was 36,480.43 tons, with a decrease of 2,981.06 tons compared to the previous period. The cumulative year - on - year production growth rate of jujubes was 1.47%, with a decrease of 34.59 percentage points compared to the previous period [2]. Industry News - The trading in the Cui'erzhuang market in Hebei was mainly for new products. After the new - season harvest, the products were gradually sent back to the factory for processing. At the end of the acquisition in the production area, the procurement cost of merchants was clear, and the enthusiasm of downstream buyers increased, resulting in a stable and firm spot price. In the Ruyifang market in Guangdong, 2 trucks of goods arrived, the mainstream spot price was stable, and downstream merchants purchased according to demand [2].

1. Report Industry Investment Rating - No information provided on the report industry investment rating 2. Core View of the Report - The new - season red dates in Xinjiang's main production areas: the procurement in Hotan, Qiemo, and Ruoqiang areas has ended, and the procurement progress in other areas is about 80%. The prices in the production areas tend to operate weakly. The procurement of raw materials in the production areas is priced according to quality, adhering to the principle of high - quality products at high prices, and the enthusiasm of enterprises for procurement is average. As of November 28, 2025, the physical inventory of 36 sample points of red dates this week was 10,848 tons, an increase of 518 tons from last week, a month - on - month increase of 5.01% and a year - on - year increase of 90.32%, indicating an increase in sample - point inventory. Small and medium - sized merchants are the main procurement entities, and Cangzhou merchants are the main procurement force in the market currently. In the short term, the futures price of Zhengzhou red dates may remain weak. The follow - up needs to closely monitor the procurement progress of the remaining goods in each production area. [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates was 9,055 yuan/ton, a decrease of 55 yuan; the main contract's open interest was 91,023 lots, a decrease of 2,610 lots. The net long position of the top 20 futures holders was - 15,594 lots, a decrease of 1,672 lots. The number of warehouse receipts was 624, an increase of 108; the total valid warehouse receipt forecast was 820, a decrease of 108. [2] 3.2现货市场 - The prices of red dates in different regions: the unified - grade red date price in Kashi was 6.15 yuan/kg (unchanged); the first - grade grey date wholesale price in Hebei was 4.25 yuan/jin, a decrease of 0.05 yuan; the unified - grade red date price in Alar was 5.4 yuan/kg (unchanged); the first - grade grey date wholesale price in Henan was 4.3 yuan/jin, a decrease of 0.1 yuan; the unified - grade red date price in Aksu was 5 yuan/kg (unchanged); the special - grade red date price in Henan was 9.8 yuan/kg (unchanged); the special - grade red date price in Hebei was 9.75 yuan/kg, a decrease of 0.01 yuan; the special - grade red date price in Guangdong was 10.8 yuan/kg (unchanged); the first - grade red date price in Guangdong was 9.6 yuan/kg (unchanged). [2] 3.3 Upstream Market - The annual output of red dates was 6.069 million tons, an increase of 3.187 million tons; the planting area was 1.993 million hectares, a decrease of 41,000 hectares. [2] 3.4 Industry Situation - The national red date inventory this week was 10,848 tons, an increase of 518 tons. The monthly export volume of red dates was 2,205,220 kg, a decrease of 78,451 kg; the cumulative monthly export volume was 25,753,622 kg, an increase of 2,205,220 kg. [2] 3.5 Downstream Situation - The cumulative sales volume of red dates of Hao Xiang Ni in the quarter was 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative year - on - year production growth rate was 1.47%, a decrease of 34.59 percentage points. [2] 3.6 Industry News - Currently, the procurement progress of grey dates in Xinjiang's production areas is about 80%. The procurement speed in the Third Division and Maigaiti areas has increased, and there are only some sellers with average - quality products and those insisting on high prices left in each production area. The mainstream price of general - grade dates in Aksu is 4.80 - 5.20 yuan/kg, in Alar is 5.00 - 5.80 yuan/kg, in Kashi's regimental farms is 6.00 - 6.50 yuan/kg, and in Maigaiti is 5.80 - 6.30 yuan/kg. [2]

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core Viewpoints of the Report - The acquisition progress of gray jujubes in Xinjiang's main production areas has accelerated, with about 50% of the acquisition completed in major areas, and the acquired goods are being shipped. The prices in the production areas are weakly stable. The acquisition prices in Aksu and Alar areas are 4.80 - 5.50 yuan/kg and 5.00 - 6.00 yuan/kg respectively, and the acquisition progress is relatively fast [2]. - As of January 19, 2025, the physical inventory of 36 sample points of jujubes this week is 10,330 tons, an increase of 490 tons from last week, a month - on - month increase of 4.98%, and a year - on - year increase of 101.76%. The sample point inventory has increased [2]. - The product prices in the sales areas continue to decline, the downstream purchasing enthusiasm is low, and the market transactions are average. The Zhengzhou jujube futures price is expected to run at a low level in the short term [2]. 3) Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for jujubes is 9,160 yuan/ton, with a decrease of 15; the main contract position volume is 113,843 hands, a decrease of 3,396; the net buying volume of the top 20 futures positions is - 10,058 hands, a decrease of 2,997; the number of warehouse receipts is 0, with no change; the effective warehouse receipt forecast is 536 [2]. 现货市场 - The prices of various jujube products in different regions are as follows: the unified price of Kashi jujubes is 6.8 yuan/kg, the first - grade gray jujube wholesale price in Hebei is 4.45 yuan/jin, the unified price of Alar jujubes is 5.5 yuan/kg, the first - grade gray jujube wholesale price in Henan is 4.45 yuan/jin, the unified price of Aksu jujubes is 5.15 yuan/kg, the special - grade jujube price in Henan is 9.8 yuan/kg, the special - grade jujube price in Hebei is 9.94 yuan/kg, the special - grade jujube price in Guangdong is 11.2 yuan/kg, and the first - grade jujube price in Guangdong is 10 yuan/kg. Most prices have no change, and the Hebei special - grade jujube price has an increase of 0.04 [2]. Upstream Market - The annual jujube output is 318.7 million tons, the planting area is 199.3 million hectares, a decrease of 4.1 million hectares [2]. Industry Situation - The national jujube inventory is 10,330 tons this week, an increase of 490 tons; the monthly jujube export volume is 2,205,220 kg, a decrease of 78,451 kg; the cumulative monthly jujube export volume is 25,753,622 kg [2]. Downstream Situation - The cumulative quarterly sales volume of jujubes of好想你is 36,480.43 tons, a decrease of 2,981.06 tons; the cumulative quarterly year - on - year jujube output growth rate is 1.47%, a decrease of 34.59% [2]. Industry News - The acquisition progress of gray jujubes in Xinjiang's production areas is about 50%, and the transfer volume of goods rights is about 30% of the total output. The prices in the production areas are weakly stable. The acquisition progress in Aksu and Alar areas is relatively fast, and the signed goods are being shipped [2].