Dayi prices correcting to market forces?

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


May 6th, '14, 10:56
Posts: 59
Joined: Apr 18th, '13
Contact: quikstep

Dayi prices correcting to market forces?

by 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/ec ... ty-nomura/. Those who visited Yunnan recently (not buying up gushu stuffs), any feedback/views?

May 6th, '14, 21:56
Posts: 338
Joined: Jul 13th, '13

Re: Dayi prices correcting to market forces?

by 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/ec ... ty-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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May 7th, '14, 21:13
Posts: 2086
Joined: Mar 15th, '06
Contact: MarshalN

Re: Dayi prices correcting to market forces?

by 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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May 8th, '14, 08:47
Posts: 475
Joined: Mar 25th, '13
Location: Lexington Park, Maryland

Re: Dayi prices correcting to market forces?

by MEversbergII » May 8th, '14, 08:47

Speculative markets never cease to bewilder me.

M.

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