Overview of Market Expectations
In Dalian, the short-term trend for red small bean prices is anticipated to be weak. There are several factors contributing to this projection, including changes in import substitution dynamics and downstream procurement demand.
Improved Shipment Enthusiasm and Import Substitution
The enthusiasm for shipments from producing areas has seen an improvement, indicating active trading activities within the market. Moreover, there has been an increase in import substitution for red small beans, which may affect pricing dynamics in the short term.
Response to Slow Movement of Goods
Producers and traders in producing areas have generally responded to the slow movement of goods in the market. This response could potentially impact pricing strategies and inventory management practices.
Weak Downstream Procurement Demand
One of the key factors influencing market trends is the weak demand for downstream procurement. This subdued demand has resulted in a cautious approach among market participants, leading to a wait-and-see attitude regarding inventory digestion.
Inventory Dynamics and Price Support
The production area’s inventory costs have played a significant role in supporting prices within the market. Despite the weak demand, the overall inventory levels have declined year-on-year, indicating a potential stabilizing factor for prices in the short term.
The short-term outlook for red small bean prices in Dalian suggests a weak trend, influenced by factors such as improved shipment enthusiasm, import substitution dynamics, and weak downstream procurement demand. While inventory digestion remains cautious, the decline in overall inventory levels may provide some support to prices. Market participants will closely monitor these trends to navigate pricing and inventory management strategies effectively.
Current Market Price in China for adzuki beans
Product Name |
Chinese Adzuki Beans |
| Size | 5.0mm up |
| Purity | 99.95% |
| Moisture | 14.5% max |
| Package | 25kg paper bag |
| Conventional FOB Dalian | USD 1610-1640/mt – EURO1498-1526/mt |
| Organic FOB Dalian | USD 1680-1710/mt – EURO 1563-1591/mt |
| Delivery | 25 days after signing contract |