Click above "Follow"
Share meaningful financial analysis every day Quantitative analysis
Like , Leave a message, analysts answer online
[Market review] [Important information] Inventory status in (2) Market Comments: The Apple 10 contract rose slightly this week, but is still in a volatile range. The current market influencing factors are dominated by new fruits, mainly focusing on bagging and cashing out. The implementation of initial production reduction expectations may support a slight rebound in futures prices. However, the current market has reflected most of the bullish sentiments, and subsequent bullish factors are insufficient. It is still necessary to further observe the weather conditions in the production areas. , stable weather may restrict the continued upward movement of futures prices. Looking at the overall market, although the old fruit market is supported by low inventory, the pressure of consumption of off-season and seasonal fruits cannot be ignored. The overall price is expected to continue to fluctuate, but the downward trend is also restricted by low inventory. The overall market changes exceed expectations. The probability is small, and its impact on the Apple 10 contract is also relatively limited; the new fruit market is still focused on production expectations, and production reduction expectations continue to provide support for futures prices, but the settlement of bagging data may also restrict upward expectations for futures prices. , the futures price is likely to fall in stages as the bagging is realized. In addition, under the pressure of macroeconomic sentiment, Apple futures prices may fluctuate weakly.
futures price: The main 10 contract showed an upward trend this week, closing at 9045 yuan/ton, a weekly increase of 3.8%.
spot price: The weighted average transaction price of primary and secondary supply sources of paper bags Fuji 80# or above in Shandong this week was 3.71 yuan/jin, a decrease of 0.04 yuan/jin compared with the weighted average last week, and a month-on-month decrease of 1.07%. 
(1) production areas: As of June 30, the national cold storage apple inventory was 1.7 million tons, continuing to be lower than the 2.89 million tons in the same period last year, of which Shandong's inventory was 1.11 million tons. In the same period last year, it was 1.61 million tons. The inventory in Shaanxi was 190,000 tons, compared with 440,000 tons in the same period last year. Inventory consumption that week was 143,000 tons, a slight rebound from the previous month and at a low year-on-year level. Overall, the shipment speed in production areas increased slightly.
[Trading Strategy] The
Apple 10 contract fluctuates repeatedly in the short term, and it is temporarily recommended to wait and see in terms of operation.
