Dayi prices correcting to market forces?

One of the intentionally aged teas, Pu-Erh has a loyal following.

Dayi prices correcting to market forces?

Postby quikstep » May 6th, '14, 10:56

Hello all,

Since Chinese New Year, the prices has been dropping steadily across the board. Most Dayi plunged 10% in their selling price. Over-rated products like the 2014 Horse cake has plunged even more. This happens to tea less than 3 years old mostly.

One theory to explain the price drops is due to China property market bursting:http://money.cnn.com/2014/05/06/news/economy/china-property-nomura/. Those who visited Yunnan recently (not buying up gushu stuffs), any feedback/views?

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Re: Dayi prices correcting to market forces?

Postby AllanK » May 6th, '14, 21:56

quikstep wrote:Hello all,

Since Chinese New Year, the prices has been dropping steadily across the board. Most Dayi plunged 10% in their selling price. Over-rated products like the 2014 Horse cake has plunged even more. This happens to tea less than 3 years old mostly.

One theory to explain the price drops is due to China property market bursting:http://money.cnn.com/2014/05/06/news/economy/china-property-nomura/. Those who visited Yunnan recently (not buying up gushu stuffs), any feedback/views?

Maybe if Dayi prices plunge even more Yunnan Sourcing will buy some of the 2014 teas. Scott told me he's not carrying them because of the price tag.

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Re: Dayi prices correcting to market forces?

Postby MarshalN » May 7th, '14, 21:13

It's happened before in 2007. The Chinese new year caks are stupid expensive for the quality. It was going to burst sooner or later

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Re: Dayi prices correcting to market forces?

Postby MEversbergII » May 8th, '14, 08:47

Speculative markets never cease to bewilder me.

M.

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