20231022-广发期货-苹果_红枣期货周报_17页_2mb

报告摘要

Supply and Pricing: Late Fuji apples are arriving in increased quantities in Shandong and Shaanxi provinces. Good quality apples command strong prices due to difficulty in acquisition, with prices rising in several regions during the week. For example, Shandong's Xita产区 saw prices around 42-55 yuan/kg for top-tier apples, while lower quality apples are weaker. Prices in Shaanxi are steady for good apples.
Market Dynamics: Apple arrivals (up to 30-40% of total) are driven by quality-focused buying, leading to slower uptake of general quality supplies. Sales at distribution centers remain slow due to high prices. The market is expected to oscillate in the short term due to vendor optimism and uneven quality.

Supply and Yield: Based on field surveys, the new 2023 harvest of Xinjiang gray dates is estimated to be down by approximately 40% compared to 2022. Fruit size is smaller, potentially reducing the classification to A and B grades.
Market Conditions: Hebei's terminal markets have limited supply, with prices ranging from 1060-1100 yuan/kg for common grades and up to 1200-1280 yuan/kg for better qualities. Downstream demand is weak, leading to cautious buying. Consumers may drive price increases as weather cools.
Outlook: Focus is now on new crop quality after frost; prices could rise if quality meets expectations, though uncertainties remain due to uneven maturity affecting output.

展开完整摘要