China disk: Apple futures 2105 contract has a maximum of 6050, a minimum of 5991, and a closing of 6008, which is -0.53% from the previous trading day; trading volume is 306858; positions are 373686, +8735.

News: According to Zhongguo.com, the packaging and delivery of cold storage in the production area has been significantly reduced, most of the merchants have already withdrawn, only some short-distance merchants and large fruit merchants are still getting the goods in an orderly manner, and the market has no obvious fluctuations.

In terms of spot: Shandong Yantai Qixia Paper Bag Red Fuji Fruit Farm 80# has the price of 2.8-3.0 yuan/kg for the first and second grades, and the paper bag Fuji 80# price of 2.6-2.8 yuan/kg for the first and second red tablets.

Position analysis: the top 20 long positions of the Apple futures contract at the Zhengzhou Commodity Exchange on that day were 209,627 hands, +1845; short positions were 253040, +2517; net short positions were 43,413 hands.

Summary: China's apple spot quotations remain stable; according to the National Granary Survey, as of February 3, the national cold storage apple inventory was 10.446 million tons, a decrease of 148,800 tons from the previous week's 10.5948, a weekly decrease of 1.4% and a year-on-year increase of 2.41% ; The storage capacity utilization rate was 72.04%, down 6.42 percentage points year-on-year. Among them, the cold storage capacity ratio of Shandong production area decreased by 0.57%, and the cold storage capacity ratio of Shaanxi decreased 1.03%. From the perspective of Shandong's production areas, the overall shipment speed has declined and is lower than the same period in previous years; shipments in Shaanxi have been extremely slow, and most merchants have sold their stocks, while fruit farmers have been reluctant to sell and adjusted less. As the Spring Festival approaches, market stocking is coming to an end, and the delivery of apples from cold storage in the overall production area has slowed down. Next week will enter the Spring Festival holiday, and the overall shipment volume will be relatively small. In terms of operation, it is recommended that Apple's 2105 contract is a bearish approach.

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