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]

Core Viewpoint - The successful completion of the first red date futures delivery by vehicle (ship) in Xinjiang marks a significant breakthrough for the red date industry, enhancing trade flexibility and operational efficiency for companies involved in the sector [1][4]. Group 1: Industry Development - Xinjiang has evolved into a crucial distribution center for red dates in China, with many regions sourcing directly from Xinjiang, transforming the traditional distribution model [2][3]. - The establishment of vehicle (ship) delivery service institutions in Xinjiang and Henan is a proactive measure to meet the anticipated surge in delivery demand for red dates [2][3]. - The introduction of vehicle (ship) delivery services is expected to alleviate transportation pressures during peak seasons, enhancing the efficiency of red date futures delivery [3][4]. Group 2: Financial Integration - The integration of financial tools with the red date industry's resource advantages is creating a broader development path, facilitating high-quality growth in the sector [1][8]. - The red date futures market has effectively played a role in price discovery and risk management, becoming a key reference for the national red date spot market [8][10]. - The "insurance + futures" model has provided income stability for farmers, increasing their planting enthusiasm and contributing to the overall development of the red date industry [7][8]. Group 3: Market Dynamics - The establishment of delivery service institutions has expanded the coverage of red date futures delivery, enriching the channels for procurement, trade, sales, and risk management [3][4]. - The red date industry in Xinjiang is witnessing a shift from quantity-driven growth to quality enhancement, driven by the introduction of standardized delivery criteria [6][7]. - The red date industry is becoming a pillar for local economic development, with significant contributions to rural revitalization and farmer income growth [7][9]. Group 4: Future Prospects - The successful implementation of the first red date futures delivery is seen as a starting point for optimizing delivery services and enhancing market competitiveness [4][11]. - Companies are increasingly focusing on expanding their operational scope through e-commerce and other channels, aiming to strengthen ties with farmers and enhance local economic development [11].

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]

Report Summary 1. Report Industry Investment Rating - No industry investment rating is provided in the report. 2. Core Viewpoints - Summer seasonal fresh fruits are on the market, substituting for tonic products like red dates. Red date demand is in a seasonal off - peak, with slow inventory digestion and high old - crop inventory. The new - season crop is in the critical fruit - setting period, and the market focuses on the weather in the producing areas. The estimated new - season production is 56 - 62 million tons, down 5 - 10% from the normal year of 2022 and 20 - 25% from 2024. Red dates fluctuate repeatedly in the game between high old - crop inventory and differences in the reduction range of new - season production. It is recommended to wait and see for now [2]. 3. Summary by Directory 3.1 Futures Market - The closing price of the main futures contract for red dates is 10,515 yuan/ton. The main contract position is 125,888 lots, a decrease of 6,797 lots. The net long position of the top 20 futures holders is 1,395 lots, and the number of warehouse receipts is 8,893 lots. The total effective warehouse receipt forecast is 1,448 lots [2]. 3.2现货市场 - The prices of red dates in different regions are as follows: the unified price of red dates in Kashgar is 6 yuan/kg, the first - grade gray 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 gray 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 red date production is 3.187 million tons, and the planting area is 6.069 million hectares, a decrease of 4.1 hectares compared with the previous period [2]. 3.4 Industry Situation - The national red date inventory is 10,320 tons, a decrease of 110 tons from the previous week, a 1.05% month - on - month decrease and a 74.89% year - on - year increase. 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 red date wholesale price in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi Province, is 20 yuan/kg. The cumulative sales volume of red dates of Hao Xiangni is 36,480.43 tons, a decrease of 2,981.06 tons. The cumulative year - on - year production of red dates of Hao Xiangni is 1.47%, a decrease of 34.59% [2]. 3.6 Industry News - On July 24, the temperature in Kashgar was between 21 - 34°C. Jujube farmers were actively engaged in field management such as watering and fertilizing. The temperature was suitable for fruit setting, and the jujube fruits were significantly larger than those in the First Division of the Corps and Aksu. The estimated mainstream per - mu yield is 600 - 800 kg. Attention should be paid to the growth situation and weather changes in the producing areas [2]. 3.7 Trading Suggestion - It is recommended to wait and see for now due to the high old - crop inventory and differences in the reduction range of new - season production [2].

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].

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - As the weather gets hotter and seasonal fresh fruits come onto the market, they replace tonic products like red dates, leading to a seasonal off - peak in red date demand and slow inventory digestion [2]. - The new - season crops are at a critical fruiting stage, and the market focuses on the weather in the production areas. Currently, the growth of jujube trees is relatively good, and the production reduction may be less than expected. The main price of red dates has dropped in the short term, and attention should be paid to the situation of the second - crop flowers and fruits [2]. 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the main futures contract for red dates is 10,280 yuan/ton, with a decrease of 110 yuan compared to the previous period [2]. - The position of the main futures contract for red dates is 132,979 lots, a decrease of 1,700 lots [2]. - The net long position of the top 20 futures holders for red dates is - 13,720 lots, an increase of 3,085 lots [2]. - The number of red date warehouse receipts is 9,122 sheets [2]. - The total number of effective warehouse receipt forecasts for red dates is 1,448 sheets, a decrease of 146 sheets [2]. 3.2 Spot Market - The price of general red dates in Kashgar is 0 yuan/kg; the wholesale price of first - grade grey dates in Hebei is 4.3 yuan/jin; the wholesale price of first - grade grey dates in Henan is 4.35 yuan/jin [2]. - The price of general red dates in Alar is 0 yuan/kg; the price of general red dates in Aksu is 4.8 yuan/kg [2]. - The price of super - grade red dates in Henan is 9.8 yuan/kg; the price of super - grade red dates in Hebei is 9.73 yuan/kg, a decrease of 0.01 yuan; the price of super - grade red dates in Guangdong is 11 yuan/kg [2]. - The price of first - grade red dates in Guangdong is 9.8 yuan/kg [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 of red dates is 1.993 million hectares, a decrease of 41,000 hectares [2]. 3.4 Industry Situation - The national red date inventory is 10,430 tons, a decrease of 90 tons compared to the previous week, a week - on - week decrease of 0.86% and a year - on - year increase of 72.28% [2]. - The monthly export volume of red dates is 2,229,227 kg, a decrease of 132,571 kg; the cumulative monthly export volume of red dates is 15,350,567 kg, an increase of 2,229,227 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, a decrease of 8 yuan [2]. - 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 year - on - year production of red dates of Hao Xiang Ni is 1.47%, a decrease of 34.59 percentage points [2]. 3.6 Industry News - On July 15, the temperature in Kashgar region was between 21 - 30°C. Jujube farmers were actively engaged in field management such as watering and fertilizing. Jujube trees were gradually entering the physiological fruit - dropping stage. The recent temperature was suitable for fruit setting, and attention should be paid to the growth situation and weather changes in the production areas [2].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report - Consumption is in the off - season, and the high inventory of old fruits suppresses prices. The production area is in the fruit - setting period, the current growth of jujube trees is relatively good, but the yield is difficult to determine, and attention should be paid to the situation of the second - crop flowers and fruits [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for jujube is 10,580 yuan/ton, with a change of 155; the position of the main contract is 138,887 lots, with a change of 1,979; the net long position of the top 20 futures holders is - 6,335 lots; the number of warehouse receipts is 8,881, and the effective warehouse receipt forecast is 1,745 [2]. Spot Market - The prices of jujube in different regions vary. For example, the unified - grade jujube price in Kashi is 6 yuan/kg, the first - grade grey jujube wholesale price in Hebei is 4.3 yuan/jin, and the unified - grade jujube price in Alar is 5.2 yuan/kg [2]. Upstream Market - The annual jujube output is 606.9 million tons, an increase of 318.7 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 10,520 tons, a decrease of 168 tons from last week, a 1.57% week - on - week decrease and a 71.08% year - on - year increase. The monthly jujube export volume is 2,229,227 kg, a decrease of 132,571 kg, and the cumulative export volume is 15,350,567 kg [2]. Downstream Situation - In the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi, the jujube wholesale price is 1.47 yuan/kg, a decrease of 8. The cumulative sales volume of jujubes of Hao Xiangni is 36,480.43 tons, a decrease of 2,981.06 tons, and the cumulative year - on - year jujube production of Hao Xiangni is - 34.59% [2]. Industry News - On July 10, there was moderate to heavy rain in the Alar area with temperatures between 16 - 25°C, which is suitable for fruit - setting. Jujube farmers are actively managing the orchards, and the jujube trees are entering the physiological fruit - dropping period. As the weather gets hotter, seasonal fresh fruits are on the market, which substitutes for jujubes, resulting in a slow digestion of jujube inventory [2].

1. Report Industry Investment Rating - No investment rating information is provided in the report [2] 2. Core Viewpoints - In the domestic market, the textile industry is in the off - season, with poor new orders and a slow decline in the overall operating rate. Enterprises are cautious in purchasing raw materials. Cotton is in the de - stocking state, and high - temperature weather in some Xinjiang areas increases the risk of heat damage to cotton, supporting a slightly stronger price trend, but the slow de - stocking process drags down the price rhythm, so the overall trend is slightly stronger with oscillations. One should also be vigilant about macro - factor risks [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the futures main contract for red dates is 10,425 yuan/ton, with a decrease of 10; the main contract's position volume is 136,908 lots, an increase of 1,239; the net long position of the top 20 futures holders is - 11,018 lots, a decrease of 239; the number of warehouse receipts is 8,893 lots, an increase of 209; the effective warehouse receipt forecast is 1,745 lots, a decrease of 209 [2] 3.2 Spot Market - The wholesale price of first - grade grey dates in Hebei is 6 yuan/jin, in Henan is 4.3 yuan/jin; the wholesale price of special - grade red dates in Henan is 9.8 yuan/kg, in Hebei is 9.73 yuan/kg (a decrease of 0.02 yuan/kg), in Guangdong is 11 yuan/kg (an increase of 0.2 yuan/kg); the first - grade red dates price in Guangdong is 9.6 yuan/kg (an increase of 0.2 yuan/kg). The unified prices of red dates in Aksu, Alar, and Kashgar are 4.8 yuan/kg, 5.2 yuan/kg, and the price of Aksu is unchanged [2] 3.3 Upstream Market - The annual output of red dates is 318.7 million tons, and the planting area is 199.3 million hectares, a decrease of 4.1 million hectares [2] 3.4 Industry Situation - The national red date inventory is 10,520 tons, a decrease of 168 tons; the monthly export volume of red dates is 2,229,227 kg, a decrease of 132,571 kg; the cumulative export volume is 15,350,567 kg [2] 3.5 Downstream Situation - The wholesale price of red dates in the Hexi Agricultural and Sideline Products Market in Taiyuan, Shanxi is 1.47 yuan/kg, a decrease of 8 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; the cumulative year - on - year production of red dates of好想youis - 34.59% [2] 3.6 Industry News - On July 9th, in the Aksu area, it rained with a temperature between 18 - 28°C, which is suitable for fruit setting. Jujube farmers are actively managing their orchards, and the jujube trees are gradually entering the physiological fruit - dropping stage. One should pay attention to the fruit - setting situation and weather changes. Internationally, as of the week ending July 6, 2025, the boll - setting rate of US cotton is 14% (up from 9% last week, compared to 18% last year and a five - year average of 15%), the budding rate is 48% (up from 40% last week, compared to 51% last year and a five - year average of 49%), and the good - to - excellent rate is 52% (up from 51% last week, compared to 45% last year). Recent weather is conducive to crop growth, and combined with a stronger US dollar and a weaker grain market, it has pushed down the price of US cotton. The US is imposing tariffs on imported products from countries such as Japan and South Korea, and Trump has threatened to impose a new 10% tariff on BRICS countries [2]