Group 1: Report Industry Investment Ratings - Apple: The investment strategy is to expect prices to be volatile but trending stronger [3]. - Red dates: The investment strategy is neutral [8]. Group 2: Core Views of the Report - Apple: Currently in a seasonal off - peak period during the transfer - to -出库 stage, with slow consumption in the terminal market and competition from low - priced citrus. However, due to the impact of the storage structure this season, price polarization is severe. With the upcoming Christmas and New Year's Day holiday stocking, prices are expected to remain stable with an upward trend [2][3]. - Red dates: The red date market is at a critical "new - old season transition" stage. The acquisition in Xinjiang is about 80% complete, and the supply in the market is sufficient. There is a strong expectation of a new - season production reduction, but the extent is undetermined, and the quality this year is better than last year. There is a large inventory pressure, and the market has a pessimistic outlook for the future [7]. Group 3: Summary by Relevant Catalogs Apple Market News and Important Data - Futures: The closing price of the Apple 2601 contract yesterday was 9488 yuan/ton, a change of - 38 yuan/ton from the previous day, a decrease of 0.40%. - 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 - commercial late Fuji in Shaanxi Luochuan was 4.15 yuan/jin, unchanged from the previous day [1]. Market Analysis - The apple futures price fluctuated and closed lower yesterday. The spot market of Fuji apples such as late Fuji is in a seasonal off - peak period. The western and Shandong regions are mainly shipping on a sporadic and on - demand basis, with low enthusiasm for merchants to purchase and pack, and the trading atmosphere is average. The sales in the distribution area are slow, and citrus has an obvious impact on medium - and low - grade apple products. It is expected to remain in an off - peak market in the short term, with stable prices [2]. Strategy - The price is expected to be volatile but trending stronger. Quality issues will be the key factor affecting the long - term apple market trend. In the short - to - medium term, with the upcoming holiday stocking, prices are expected to remain stable with an upward trend [3]. Red Dates Market News and Important Data - Futures: The closing price of the Red Date 2601 contract yesterday was 9110 yuan/ton, a change of + 55 yuan/ton from the previous day, an increase of 0.61%. - Spot: The price of first - grade gray dates in Hebei was 8.50 yuan/kg, a decrease of 0.10 yuan/kg from the previous day [4]. Market Analysis - The red date futures price showed a strong upward trend yesterday. The acquisition progress of gray dates in Xinjiang has reached 80%, and the supply in the Hebei and Guangdong markets is sufficient. The new products are the main trading items, and the prices vary and tend to decline. The market is in a "new - old season transition" stage, with large inventory pressure and a pessimistic market outlook [7]. Strategy - A neutral strategy is recommended. If the terminal market can accept and digest the high - priced new - season spot products in the production area, the futures price may move towards the new - season spot price. Otherwise, the new - season spot price may continue to decline. The near - month contract may still have some room for decline [8].