建议区间交易。 免责声明 苹果产业日报 2025-08-25 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 数据指标 | 最新 | 环比 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 10月合约收盘价:苹果(日,元/吨) 47 主力合约持仓量:苹果(日,手) | 8141 | | 77654 | 2964 | | | 仓单数量:苹果(日,张) 0 期货前20名持仓:净买单量:苹果(日,手) | 0 | | -1128 | -1128 | | 现货市场 | 山东烟台栖霞现货价格(纸袋80#以上一 甘肃静宁苹果现货价格(纸袋75#以上)(日, | 3.7 | ...

苹果周报：嘎啦价格偏硬 果价震荡为主 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 1 227/82/4 228/210/172 181/181/181 87/87/87 文 字 色 基 础 色 辅 助 色 137/137/137 246/206/207 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 6 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 ...

Report Summary 1) Report Industry Investment Rating - No industry investment rating is provided in the given report 2) Core View of the Report - Since August, the Apple 10 contract has risen for multiple consecutive trading days, with the AP2510 contract up 1.27% as of the 11th. The quality differentiation of early - maturing apples has led to concerns about the quality of deliverable Fuji apples. The market is in a state where long and short factors are intertwined, and the futures market shows a volatile pattern [3] 3) Summary by Related Content Apple Futures Market Performance - The Apple 10 contract has been rising for multiple consecutive trading days in August, and the AP2510 contract had a 1.27% increase as of August 11th [3] Situation of Early - Maturing Apples - In the western producing areas, the early - maturing Gala apples have been gradually listed. Due to high - temperature weather, there are problems such as difficult coloring, and the large - scale listing time is expected to be delayed compared with previous years. In the Shandong producing area, the current supply of Luli apples is average, and the trading price is stable. Some early - maturing apple varieties in Shandong and high - quality paper - bagged Gala apples in Shaanxi have higher listing prices than last year. However, due to climate factors, the proportion of high - quality apples has decreased, and the mainstream price has shown a downward trend after the high - price start [3] Forecast of New - Season Apple Yield and Price - The preliminary estimate of the new - season apple yield shows a limited reduction. The reference range for the opening price is 3.2 - 3.5 yuan per catty (equivalent to 7,500 - 8,500 yuan per ton). Under normal climate conditions in major producing areas, the spot price has a bottom support, but the upside is limited [3]

Group 1 - The domestic futures market for agricultural products showed a mostly positive trend, with apple futures experiencing a price increase of approximately 1.91%, reaching a high of 8192.00 yuan/ton [1] - The main contract for apples opened at 8100.00 yuan/ton and fluctuated between a low of 8062.00 yuan and a high of 8192.00 yuan, indicating a strong performance in the market [1] - Southwest Futures noted that the main contract represents the new season's purchase price, with a slight increase in national production, contradicting previous reduction expectations [1] Group 2 - Guotai Junan Futures highlighted that the supply of early-ripening apples has decreased in recent years, leading to a significant price differentiation in the market, with high-quality apples commanding higher prices [2] - The new season's apple bagging quantity is slightly lower than the previous season, and the purchase prices for early-ripening apples in the northwest region are higher than last year, providing some support for late-ripening varieties [2] - The market is advised to consider buying on dips in the short term, focusing on the performance of the new season's apple production [2]