苹果周报：需求略有增加 苹果出库加快 228/210/172 银河大宗农产品 研究员：刘倩楠 期货从业证号：F3013727 咨询从业证号：Z0014425 第一部分 逻辑分析及交易策略 内容摘要 ◼ 交易策略 GALAXY FUTURES 1 227/82/4 181/181/181 87/87/87 文 字 色 基 础 色 辅 助 色 137/137/137 246/206/207 68/84/105 210/10/16 221/221/221 208/218/234 228/210/172 181/181/181 87/87/87 文 字 色 ◼ 现货分析 ◼ 供给分析 ◼ 需求分析 苹果现货分析 栖霞一二级纸袋80#（元/斤） 洛川半商品纸袋70#（元/斤） 0 1 2 3 4 5 6 7 1-1 1-14 1-27 2-9 2-22 3-7 3-20 4-2 4-15 4-28 5-11 5-24 6-6 6-19 7-2 7-15 7-28 8-10 8-23 9-5 9-18 10-1 10-14 10-27 11-9 11-22 12-5 12-18 12-31 栖霞一、二级纸袋80# 202 ...

苹果周报：库存低需求一般 果价高位震荡 银河大宗农产品 研究员：刘倩楠 期货从业证号：F3013727 咨询从业证号：Z0014425 内容摘要 ◼ 交易策略 GALAXY FUTURES 1 第一部分 逻辑分析及交易策略 227/82/4 228/210/172 181/181/181 87/87/87 文 字 色 基 础 色 辅 助 色 137/137/137 246/206/207 68/84/105 210/10/16 221/221/221 208/218/234 ◼ 现货分析 ◼ 供给分析 ◼ 需求分析 苹果现货分析 栖霞一二级纸袋80#（元/斤） 洛川半商品纸袋70#（元/斤） 0 1 2 3 4 5 6 7 1-1 1-14 1-27 2-9 2-22 3-7 3-20 4-2 4-15 4-28 5-11 5-24 6-6 6-19 7-2 7-15 7-28 8-10 8-23 9-5 9-18 10-1 10-14 10-27 11-9 11-22 12-5 12-18 12-31 栖霞一、二级纸袋80# 2020 2021 2022 2023 2024 2025 0 1 2 3 4 5 ...

Group 1: Report Information - Report Title: Apple Weekly Report: Low Cold Storage Fruit Volume Supports Fruit Prices [1] - Researcher: Liu Qiannan [1] - Futures Practitioner Certificate Number: F3013727 [1] - Consulting Practitioner Certificate Number: Z0014425 [1] Group 2: Market Analysis Spot Analysis - This week, the overall transaction of late Fuji apples remained light. In the producing areas, orders from merchants were limited. In the western producing areas, small - quantity shipments of polar fruits from fruit farmers were the main source, and some merchants supplied the market with their self - stored goods. In Shandong, the foreign trade channel purchasing slowed down, and the transaction of small fruits decreased. In the sales areas, the number of incoming trucks increased slightly, but the trading atmosphere was still light, and there was a slight backlog in the transfer warehouses. Citrus fruits affected the sales of apples [7]. - In Shandong, the overall transaction was slow, and the price of fruit farmers' goods remained stable. The foreign trade channel continued to look for goods but at a slower pace, mainly for 65 - 75 small fruits. The ex - warehouse price of 80 first - and second - grade slice - red fruit farmers' goods in Qixia was 3.7 - 4.5 yuan/jin, with few transactions; the ex - warehouse price of 65 and 70 small fruits in Penglai was 2 - 2.2 yuan/jin. In Shaanxi, fruit farmers' willingness to ship was still low. In Luochuan, merchants mainly packed their own goods and sent them through their own channels, with a small amount of purchasing from fruit farmers' polar fruits. In Weinan, sporadic shipments occurred, and the sales of high - grade inferior fruits were okay, but the purchase of good fruits from fruit farmers by merchants was limited. The current price of semi - commercial fruits from fruit farmers above 70 in Luochuan was around 4.0 - 4.3 yuan/jin, and high - grade inferior fruits were around 2.2 yuan/jin. In Baishui, the mainstream ex - warehouse price of fruit farmers' general goods was about 3.2 - 3.4 yuan/jin [7]. Supply Analysis - As of December 4, 2025, the national cold storage inventory ratio was about 55.00%, 7.68 percentage points lower than the same period last year. From November 27 to December 3, 2025, the national cold storage capacity ratio decreased by 0.38 percentage points, the single - week ex - warehouse volume increased by 0.07 percentage points compared with last week, and the inventory removal rate was 1.55%. The shipment in Shaanxi and Gansu slowed down, but the inventory in surrounding areas such as Shanxi changed from increasing to decreasing, so the national cold storage inventory shipment increased slightly compared with last week. The cold storage capacity ratio in Shandong was 55.33%, and it decreased by 0.28 percentage points this week. The ex - warehouse in Shandong was mainly for export and the sales of other varieties, and the market shipment was small. The cold storage transaction volume was average, the transaction volume of small and medium - sized fruits decreased, and the packaging also decreased slightly. The ex - warehouse in Shaanxi was 53.48%, and it decreased by 0.41 percentage points this week. The cold storage transaction and shipment volume decreased compared with last week due to the off - season and the impact of citrus [12]. - As of December 3, 2025, the apple cold storage inventory in the national main producing areas was 7.6351 million tons, a decrease of 32,400 tons compared with last week [12]. Demand Analysis - In the Chalong market in Guangdong, the number of incoming trucks in the morning increased compared with last week, with an average of about 26.80 trucks per day. The mainstream price of Shandong 80 late Fuji in baskets was 3.8 - 4 yuan/jin, and in boxes was 4.5 - 5.5 yuan/jin. The price of Luochuan late Fuji in baskets starting from 70 was 4.0 - 5.5 yuan/jin, and that of Jingning late Fuji in boxes starting from 70 was 5.8 - 7.5 yuan/jin. Recently, the number of incoming trucks in the market increased slightly, but the sales slowed down compared with the previous period. The goods from Gansu sold well, while the sales of other goods were average. The purchasing enthusiasm of second - and third - level wholesalers was not high, and there was pressure on daily digestion, with an increase in the backlog in transfer warehouses [15]. - According to the data from the Ministry of Agriculture and Rural Affairs, on December 4, the average wholesale price of 6 key - monitored fruits was 7.31 yuan/kg, slightly higher than last Friday, and it was at a high level in the same period in recent years [15]. - In the 2025 - 2026 production season, during the acquisition stage, the profit statistics of 80 first - and second - grade storage merchants in Qixia were suspended [15]. Group 3: Trading Strategy - Trading Logic: This year, the apple production decreased, the high - quality fruit rate was poor, and the preservation difficulty increased. The market expected that the cold storage inventory data was likely to be low. The peak cold storage apple inventory this year was at a low level in the same period over the years, and the apple quality was relatively poor, so the effective inventory was expected to be low, and the apple fundamentals were strong [16]. - Unilateral: The relatively poor quality of new apples supports the fruit price, and the demand is average. It is expected that the apple trend will be mainly high - level oscillation [16]. - Arbitrage: It is recommended to wait and see [16]. - Options: It is recommended to wait and see [16]. Group 4: Weekly Data Tracking Apple Supply and Demand - The chart shows the consumption, deep - processing volume, production, export, and planting area of apples from 2018 to 2023 [20]. Inventory and Shipment - The chart shows the cold storage inventory trends of apples in the whole country, Shandong, and Shaanxi from 2017/18 to 2025/26, as well as the national apple cold storage ex - warehouse trend from 2016/17 to 2024/25 [23][24][25]. Spread and Basis - The chart shows the 1 - 5 spread, 5 - 10 spread, 10 - 1 spread, and the basis of January, May, and October from 2019 to 2025 [28].

农产品日报 | 2025-12-05 晚富士消费持续疲软，红枣部分市场价格偏乱 苹果观点 市场要闻与重要数据 期货方面，昨日收盘苹果2605合约9605元/吨，较前一日变动-107元/吨，幅度-1.10%。现货方面，山东栖霞80# 一 二级晚富士价格4.10元/斤，较前一日变动+0.00元/斤，现货基差AP05-1405，较前一日变动+107；陕西洛川70# 以 上半商品晚富士价格4.20元/斤，较前一日变动+0.00元/斤，现货基差AP05-1205，较前一日变动+107。 近期市场资讯，晚富士库存富士交易整体不快，客商调货积极性一般，交易多按需进行。西部产区客商零星寻货， 多以果农两级货源为主，成交有限，甘肃部分产区客商调花牛及好货出库，成交尚可；部分客商包装自存货源补 充市场。山东产区零星出库，外贸渠道小果走货放缓，少量维纳斯、奶油果按需出库，其余货源基本尚未开始交 易。栖霞80#一二级片红果农意向成交价3.7-4.5元/斤，65#、70#出库价格1.8-2.2元/斤附近。甘肃产区静宁果农好货 出库价格4.5-5.5元/斤不等。庆阳出库价格3.8-4.5元/斤不等；陕西洛川产区果农货半商品出库价格3.8 ...

Group 1: Apple Report Industry Investment Rating - Apple: Oscillating and Bullish [3] Core View - The apple market is in a slow - moving state with regional price differentiation. In the short - to - medium term, prices are expected to be stable and slightly strong due to the approaching Christmas and New Year's Day holidays and the tight supply of high - quality goods [2][3] Summary by Related Catalogs Market News and Important Data - Futures: The closing price of the Apple 2605 contract was 9712 yuan/ton, down 18 yuan/ton (-0.18%) from the previous day. Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 4.10 yuan/jin, up 0.35 yuan/jin from the previous day; the price of more than 70 semi - commercial late Fuji in Shaanxi Luochuan was 4.20 yuan/jin, up 0.05 yuan/jin from the previous day [1] - The inventory of late Fuji is in light trading. In the western and Shandong production areas, merchants' procurement enthusiasm is low, and the market is mainly supplied by self - stored goods or small - quantity purchases. The sales area has a slow digestion rate, and citrus fruits have a significant impact on medium - and low - grade apple supplies [1][2] Market Analysis - Yesterday, the apple futures price fluctuated and closed lower. The overall apple market trading is light, the production area's delivery rhythm is slow, and prices show regional differentiation. The market is in a slack season, and prices are expected to be stable, waiting for festival stocking [2] Strategy - The strategy is oscillating and bullish. Quality issues will be the key factor affecting the long - term apple market trend. In the short - to - medium term, prices are expected to be stable and slightly strong due to the approaching festivals and the tight supply of high - quality goods [3] Group 2: Red Dates Report Industry Investment Rating - Red dates: Neutral [7] Core View - The red date market is in a critical "new - old season transition" period. There is a strong expectation of a new - season production reduction, but the extent is undetermined. The current market has high inventory pressure and a pessimistic future outlook [6] Summary by Related Catalogs Market News and Important Data - Futures: The closing price of the Red Date 2601 contract was 9055 yuan/ton, down 55 yuan/ton (-0.60%) from the previous day. Spot: The price of first - grade gray dates in Hebei was 8.50 yuan/kg, unchanged from the previous day [4] - The acquisition of gray dates in Xinjiang's main production areas is about 80% complete. The mainstream prices in different regions vary. The sales areas' markets have different trading situations, with some price differences and weak transactions [4][5] Market Analysis - The red date futures price declined yesterday. The sales area is in a state of "new - old season transition." The new - season production reduction expectation is strong, but the extent is undetermined, and the quality is better than last year. The inventory pressure is high, and the supply - demand contradiction has not been effectively alleviated, leading to a pessimistic market outlook [6] Strategy - The strategy is neutral. If the terminal market can accept and digest the high - priced new - season spot, it will drive the futures price to approach the new - season spot price. Otherwise, the new - season spot price may continue to decline. Due to the changes in the delivery rules, the old - season red dates can still participate in delivery with lower costs, so the near - month contracts may still have some room for decline [7]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 来源：华泰期货 作者： 李馨 苹果观点 市场要闻与重要数据 期货方面，昨日收盘苹果2605合约9712元/吨，较前一日变动-18元/吨，幅度-0.18%。现货方面，山东栖 霞80# 一二级晚富士价格4.10元/斤，较前一日变动+0.35元/斤，现货基差AP05-1512；陕西洛川70# 以上 半商品晚富士价格4.20元/斤，较前一日变动+0.05元/斤，现货基差AP05-1312。 近期市场资讯，晚富士库存富士交易清淡，客商调货积极性不高，库内包装不多。西部产区客商零星寻 货，多以果农两级货源为主，成交有限；部分客商包装自存货源补充市场。山东产区零星出库，多以外 贸渠道小果走货为主，其余货源基本尚未开始交易。栖霞65#、70#出库价格1.8-2.2元/斤附近。甘肃产 区静宁果农好货出库价格4.5-5.5元/斤不等。庆阳出库价格3.6-4.5元/斤不等；陕西洛川产区果农货半商 品出库价格3.8-4.3元/斤。 市场分析 昨日苹果期价震荡收跌，苹果市场整体交易清淡，产区出库节奏缓慢，价格呈现区域分化。西部及山东 产区客商采购积极性普遍不高，多以零星 ...

Group 1: Investment Ratings - Apple strategy: Neutral to bullish [4] - Red date strategy: Neutral to bearish [8] Group 2: Core Views - Apple: The price of high - quality apples is expected to remain stable and firm in the short term, and the price of ordinary goods will remain stable. The market should focus on the inventory volume in Shandong and Shanxi and the shipping speed in the western region [2][3] - Red dates: The new red dates are expected to be listed intensively, and the inventory pressure is high. The future market trend depends on the actual consumption at the consumer end [7] Group 3: Market News and Important Data Apple - Futures: The closing price of Apple 2601 contract was 9438 yuan/ton, a change of - 132 yuan/ton or - 1.38% from the previous day [1] - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 3.75 yuan/jin, unchanged from the previous day; the price of more than 70 semi - commodity late Fuji in Shaanxi Luochuan was 4.15 yuan/jin, unchanged from the previous day [1] Red dates - Futures: The closing price of Red date 2601 contract was 9270 yuan/ton, a change of + 80 yuan/ton or + 0.87% from the previous day [5] - Spot: The price of first - grade grey jujubes in Hebei was 8.90 yuan/kg, unchanged from the previous day [5] Group 4: Recent Market Information Apple - Western出库 work continues, with more buyers in western warehouses. Ground transactions are ending, mainly in Shanxi paper - wrapped film area and western towns of Shandong Qixia. The quality of ground goods is declining, and fruit farmers are selling at market prices [2] - The price of high - quality apples in the west is expected to remain stable and firm, and the price of ordinary goods will remain stable [2] Red dates - The acquisition progress in Xinjiang is uneven. The acquisition in Ruoqiang, Hetian and Qiemo is basically over, while that in Aksu and Alar is accelerating. The market adheres to the principle of pricing by quality [6] - The spot price in the sales area is expected to remain weak and stable in the short term [6] Group 5: Market Analysis Apple - The futures price showed a downward trend yesterday. The western出库 work is advancing, and the warehouse transactions in Gansu and Shaanxi are active. The ground transactions are ending, and the inventory volume is lower than last year [3] - The sales area is in the off - season, and the sales space of apples is squeezed by citrus [3] Red dates - The futures price rose slightly yesterday. The acquisition progress in the main production areas is uneven, and the enterprises' acquisition enthusiasm is average [7] - The acquisition enthusiasm in the sales area has weakened, and the inventory is accumulating. The quality of new dates is better than last year [7] Group 6: Charts - There are multiple charts related to apple and red date prices, futures contracts, yields, consumption, inventory, and shipment volume, with data sources from Steel Union and Huatai Futures Research Institute [10]

Group 1: Apple Report Industry Investment Rating - Neutral to bullish [4] Core View - The price of high - quality apples is expected to remain stable and firm, and attention should be paid to the total amount and structure of apple storage this week. The commodity rate of apples this year is low, and the storage volume is lower than the same period last year [3][4] Summary by Directory - **Market News and Important Data**: The closing price of Apple 2601 contract yesterday was 9,207 yuan/ton, a change of - 22 yuan/ton from the previous day, a decrease of 0.24%. The price of Shandong Qixia 80 first - and second - grade late Fuji was 3.75 yuan/jin, with no change from the previous day. The price of Shaanxi Luochuan 70 semi - commodity late Fuji was 4.15 yuan/jin, with no change from the previous day [1] - **Recent Market Information**: The ground trading of late Fuji in the producing areas is coming to an end, and the western producing areas are gradually shifting to in - warehouse trading. The出库 price of the same quality is firmer than that during the purchase period. It is expected that the price of high - quality goods will remain stable and firm in the short term, and the price of general goods will remain stable. The peak of storage this week may occur [2] - **Market Analysis**: The apple futures price fell slightly yesterday. As the storage enters the later stage, the price of high - quality goods is expected to remain stable and firm. The trading atmosphere in the sales areas is still light, and the demand side is under pressure. The overall出库 price of farmers' goods is about 0.3 yuan higher than that on the ground [3] - **Strategy**: Neutral to bullish. The supply of late Fuji has increased, but the commodity rate this year is low. The storage volume is lower than the same period last year [4] Group 2: Red Dates Report Industry Investment Rating - Neutral [8] Core View - The recent decline of red date futures is obvious, and the market game has increased. The market expectation is relatively pessimistic. Attention should be paid to the changes in purchase price, jujube quality and peak - season consumption [7][8] Summary by Directory - **Market News and Important Data**: The closing price of Red Dates 2601 contract yesterday was 9,365 yuan/ton, a change of - 130 yuan/ton from the previous day, a decrease of 1.37%. The spot price of first - grade grey jujubes in Hebei was 9.00 yuan/kg, with no change from the previous day [5] - **Recent Market Information**: The purchase progress in Aksu and Alar regions has accelerated, and the price has slightly loosened. The purchase enthusiasm of enterprises is average. The new - season finished products in Hebei and Guangdong markets have been listed, with a small price adjustment. The purchase enthusiasm of downstream merchants is general [6] - **Market Analysis**: The red date futures price continued to decline yesterday. The raw material purchase in the producing areas is based on quality, and the purchase enthusiasm of enterprises is average. The inventory pressure is large, and the supply - demand contradiction has not been substantially alleviated. The quality of jujubes is better than that of the same period last year. The actual consumption situation in the consumption end will become another focus [7] - **Strategy**: Neutral. The red date futures have declined significantly recently, and the market expectation is pessimistic. Attention should be paid to the changes in purchase price, jujube quality and peak - season consumption [8]

Report Summary 1. Report Industry Investment Ratings - Apple: Neutral - Bullish [4] - Red Dates: Neutral [8] 2. Core Views - **Apple**: The current apple spot market is at a seasonal transition point, with cold - storage trading becoming dominant. Short - term price trends depend on the final storage scale and inventory structure, and high - quality apples are expected to maintain a stable and firm price. The year's commodity rate is low, and the inventory volume is lower than the same period last year [3][4]. - **Red Dates**: The red date futures price dropped slightly. The acquisition progress in Xinjiang has accelerated, and farmers' price - holding sentiment has weakened. The current harvesting progress is about 40% - 50%. The supply - demand contradiction has not been substantially alleviated, and the market has a pessimistic outlook. The actual consumption situation during the consumption season will be a key focus [7]. 3. Summaries by Related Catalogs Apple - **Market News and Key Data**: The closing price of the apple 2601 contract was 9229 yuan/ton yesterday, up 70 yuan/ton (+0.76%) from the previous day. The price of Shandong Qixia 80 first - and second - grade late Fuji was 3.75 yuan/jin, unchanged from the previous day. The price of Shaanxi Luochuan 70 semi - commodity late Fuji was 4.15 yuan/jin, unchanged from the previous day [1]. - **Recent Market Information**: The ground trading in late Fuji producing areas has ended, and cold - storage trading has begun. The acquisition of small fruits is active, and farmers are selling at market prices. The cold - storage trading in Gansu and Shaanxi has started, and the same - quality ex - warehouse prices are firmer than during the acquisition period. It is expected that high - quality apple prices will remain stable and firm in the short term, and general - quality apple prices will remain stable. The peak of cold - storage entry may occur this week [2]. - **Market Analysis**: The apple futures price rose slightly. The short - term price trend depends on the final storage scale and inventory structure. The ground trading in Shandong and Shanxi has ended, and the cold - storage entry work is in the later stage. The trading atmosphere in the sales areas is still weak, and the demand side is under pressure. The ex - warehouse prices of farmers' apples in Shaanxi and Gansu are about 0.3 yuan higher than the ground prices [3]. - **Strategy**: Neutral - bullish. The supply of late Fuji has increased, but the annual commodity rate is low. Merchants are cautious about ordering general - quality apples. The cold - storage entry work is in the later stage, and the inventory volume is lower than last year [4]. Red Dates - **Market News and Key Data**: The closing price of the red date 2601 contract was 9495 yuan/ton yesterday, down 90 yuan/ton (-0.94%) from the previous day. The spot price of first - grade grey dates in Hebei was 9.00 yuan/kg, unchanged from the previous day [5]. - **Recent Market Information**: The acquisition progress in Aksu and Alar has accelerated, and the prices have slightly decreased by 0.20 yuan/kg. The acquisition in Hotan and Qiemo has basically ended. The new red dates in the Hebei sales area have been slightly listed, and downstream merchants are purchasing cautiously. It is expected that the spot prices will remain stable in the short term [6]. - **Market Analysis**: The red date futures price dropped slightly. The acquisition of long - staple cotton in Xinjiang is in the middle stage, and the acquisition progress in Aksu and Alar has accelerated. Farmers' price - holding sentiment has weakened. The new red dates in the Hebei sales area have been slightly listed, and downstream purchasing is cautious. It is expected that the spot prices will remain stable in the short term. The new - season jujube trees have over - exhausted, and a production reduction is a normal expectation. The jujube quality is better than last year. The actual consumption situation during the consumption season will be a key focus [7]. - **Strategy**: Neutral. The red date futures have dropped significantly recently, and market gaming has increased. The new - season red dates in the main producing areas have not been fully harvested. Attention should be paid to changes in acquisition prices, jujube quality, and consumption during the peak season [8].

Report Industry Investment Ratings - Apple: Neutral to bullish [4] - Red dates: Neutral [8] Core Views - Apple: The price of apples in the futures market rose yesterday, with the main producing areas' ground transactions gradually ending. The prices of high - quality apples remained stable and firm, showing a two - tiered differentiation. The warehousing volume is lower than the same period last year, and the commodity rate is low this year [1][3][4]. - Red dates: The futures price of red dates fell slightly yesterday. The prices in the main producing areas and sales areas were generally stable with a slight decline. The new red dates in the sales areas were less accepted, and the inventory pressure was high. The consumption situation in the peak season will be a key factor affecting the market [5][7]. Summary by Related Catalogs Apple Market News and Important Data - Futures: The closing price of the Apple 2601 contract yesterday was 9159 yuan/ton, up 119 yuan/ton or 1.32% from the previous day [1]. - Spot: The price of 80 first - and second - grade late Fuji in Shandong Qixia was 3.75 yuan/jin, unchanged from the previous day; the price of over 70 semi - commodity late Fuji in Shaanxi Luochuan was 4.15 yuan/jin, unchanged from the previous day [1]. Recent Market Information - Ground transactions in late Fuji producing areas are gradually ending. The transaction of paper - wrapped film apples in Shanxi has slightly improved. In Shandong, transactions are concentrated in Qixia and Zhaoyuan, and the transaction in Penglai is ending. Small fruits are actively purchased, and fruit farmers sell at market prices. The fruit farmers' goods are still being warehoused in large quantities. In Shaanxi, the warehousing work is approaching the end, and some fruit farmers' goods in the western producing areas are being transferred out of storage [2]. Market Analysis - Yesterday, the apple futures price showed an upward trend. The ground transactions in the main producing areas are gradually ending. Shandong and Shanxi are still warehousing in large quantities, while Shaanxi is almost finished. The sales area's trading atmosphere is still weak, and the demand is under pressure. The overall出库 price of fruit farmers' goods in Shaanxi and Gansu is about 0.3 yuan higher than the ground price [3]. Strategy - The strategy is neutral to bullish. Although the volume of late Fuji has increased, the commodity rate this year is low, and merchants are cautious about ordering general - quality goods. The warehousing volume is lower than the same period last year [4]. Red Dates Market News and Important Data - Futures: The closing price of the Red Dates 2601 contract yesterday was 9585 yuan/ton, down 5 yuan/ton or 0.05% from the previous day [5]. - Spot: The price of first - grade gray dates in Hebei was 9.00 yuan/kg, unchanged from the previous day [5]. Recent Market Information - The mainstream prices of general - grade red dates in different producing areas vary. The harvest progress in the producing areas is about 40%. Sellers' price - holding sentiment has weakened, and merchants' purchasing enthusiasm has increased. In the sales areas, new goods are less accepted, and the prices are weakly stable [6]. Market Analysis - The red dates futures price fell slightly yesterday. The prices in the main producing areas and sales areas are generally stable with a slight decline. The harvest progress in the producing areas is advancing, and the inventory pressure is high. The consumption situation in the peak season will be a key factor affecting the market [7]. Strategy - The strategy is neutral. Recently, the red dates futures price has fallen significantly, and market competition has increased. The new red dates in the main producing areas have not been harvested in large quantities. Attention should be paid to changes in purchase prices, fruit quality, and peak - season consumption [8].