Report Industry Investment Rating - No information provided Core Viewpoints - Since October, continuous rainy weather in major apple - producing areas has led to concerns about the quality and yield of early - ripe Fuji apples, causing a unilateral upward trend in apple futures prices, with the main contract breaking through the 9,000 yuan/ton mark [1]. - New - season apple production is estimated to be 34.23 million tons, a year - on - year decrease of 8.34%, and market concerns about the quality of stored apples are rising [1]. - Considering the general domestic consumption performance, the 01 contract is expected to face pressure above 9,000 yuan/ton, and later attention should be paid to changes in purchase prices and storage conditions [1]. Summary by Relevant Content Market Situation - Apple futures prices have been rising unilaterally due to bad weather in major producing areas, and the main contract has broken through 9,000 yuan/ton [1]. Production - New - season apple production is estimated to be 34.23 million tons, an 8.34% year - on - year decrease [1]. Regional Market Conditions - In the western产区, the transaction is nearly over, and the storage market is stable. In the Gansu产区, it operates smoothly, and fruit farmers are storing apples in an orderly manner. In the Shaanxi产区, the trading of high - quality and general - grade apples is basically over, with prices showing a strong trend, but the price of inferior fruits is chaotic [1]. - In Shandong, trading volume has increased, with high enthusiasm from buyers and storage operators, but the overall quality is slightly poor, and it is difficult to acquire high - quality goods, with prices remaining stable and slightly strong [1]. Price Details - In the Luochuan, Shaanxi产区, the price of semi - commercial late - Fuji apples over 70 is 3.8 - 4.5 yuan/jin, general - grade apples over 70 are 3.4 - 3.8 yuan/jin, and the mainstream order price is 3.5 - 3.8 yuan/jin [1]. - In the Jingning, Gansu产区, the price of commercial apples over 70 is 5 - 6 yuan/jin, the mainstream price is 5 - 5.5 yuan/jin, general - grade apples over 70 are about 4.5 yuan/jin, and the price of damaged apples is 3.5 - 4.5 yuan/jin [1]. - In the Qixia, Shandong产区, the price of second - grade strip - red late - Fuji apples over 80 is about 3.50 yuan/jin, second - grade striped apples over 80 are about 4.00 yuan/jin, general - grade apples over 80 are about 2.80 yuan/jin, and third - grade apples over 80 are about 2.00 yuan/jin [1].