Domestic disk: Apple futures 2110 contract has a maximum of 6287, a minimum of 6019, and a closing of 6067, which is -3.10% from the previous trading day; trading volume is 332445; positions are 239866, +35698.

In the news: According to Zhongguo.com, cold storage transactions in the producing area were deserted, and merchants began to adjust their inventory to the market. The psychology of fruit farmers began to change, and their willingness to sell at a price increased. However, due to fewer merchants, the actual transaction volume did not improve; The quantity is increasing, and most of them are commercial products, because the price advantage of apples compared with other seasonal fruits is not obvious, and the consumption speed is slow.

In terms of spot: Shandong Yantai Qixia Paper Bag Red Fuji Fruit Farm 80# and above the first and second grade prices are around 2.6-3.0 yuan/jin, and the paper bag Fuji 80# first and second grade piece red price is 2.5-2.7 yuan/jin.

Position analysis: The top 20 Apple futures contracts on the Zhengzhou Commodity Exchange had 233,275 long positions, +18416; short positions 255,184, +18516; net short positions were 21,909 lots.

Summary: The nationwide spot price of apples remained stable. The sales of apples in the sales area have not improved, and sales are still not as good as the same period in previous years. Other seasonal fresh fruits have begun to go on the market, and the low prices have squeezed out apple consumption. Shaanxi production areas did not have a large stock of goods during the Qingming Festival. Merchants still mainly self-adjusted goods out of the warehouse. Fruit farmers’ mentality began to change, but the actual transaction volume was still limited. The inventory pressure of Weinan and Yan'an production areas was prominent; The warehouse is still slow, and the prices of apples from local fruit farmers have fallen. On the whole, the shipments of apples in most producing areas are not large, and high inventories continue to exert pressure on the apple market. However, the demand for stocking on Ching Ming Festival has recently started to support the near-month apple futures price, and the Apple's far-month contract has been greatly affected by the relaxation of the new rules for delivery products. In terms of operation, it is recommended that the short-term Apple 2110 contract be treated as short-term rallies.

Ruida Futures: Agricultural Products Group Wang Cuibing Futures Practice Qualification Certificate Number: F3030669 Investment Consulting Practice Qualification Certificate Number: Z0015587

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