As of press time, Luzhou laojiao fell 5.56%, Wuliangye fell more than 5%, Shanxi Fenjiu and Kouzi cellar fell more than 4%, Gujing Gong Liquor, Guizhou Moutai and Jiugui Liquor fell more than 3%. Yanghe shares and Shuijingfang fell more than 2%.

As for Maotai, which has been hot all the time, some netizens revealed that the price of Maotai in the Beijing market has been greatly reduced, from as high as 2650 last week to 2100 today, and no merchants still dare to accept the goods.

In this regard, Minsheng Food and Beverage Yu Jie explained in an article on the price collapse of Maotai in Beijing:

With regard to the news of the price collapse of Maotai in Beijing, I have communicated a lot with scalpers recently. Let me report the actual situation so that the false news will not mislead you. It is true that the decline is falling, but this expression is somewhat misleading.

The idea that Feitian fell from a maximum of 2650 to 2100 is not entirely wrong, it just secretly changes the concept. Everyone knows that the prices of bulk goods and bulk goods in Maotai are different, especially in the process of rapidly rising wholesale prices in Maotai this year, the price difference between bulk goods and bulk goods is widening. The biggest problem in this picture is that the highest purchase price of 2650 (in fact, it does not seem to have reached this price, the purchase price of scalpers has reached 2600) and the recent purchase price of bulk goods is 2100, resulting in a huge price difference of 550yuan, but the reality is:

(1) the purchase price of bulk goods in the early period was only 2350-2400 yuan at the highest time, but it is true that the purchase price today is 2100, a drop of 250-300 yuan. The core reason for the larger decline is mainly due to the release of goods from various channels before the Mid-Autumn Festival and the increase in supply, but the demand is affected by multiple factors such as price reduction expectations and weak investment attributes. At present, it is really difficult to find someone to pick up the bulk cargo of 2100 yuan.

(2) the highest price in the early stage of the finished goods is 2600 yuan. At present, the price of Beijing yellow cattle is 2400 yuan, a large quantity of goods is 2450 yuan, down 150,200 yuan, but also down more, but the relative bulk cargo is resistant to decline, mainly because the investment attribute is better and the gift-giving attribute is stronger. At present, 2400 yuan worth of goods are still relatively easy to sell in Beijing. Of course, some peripheral areas are disturbed by panic, and some Tunjia shipped goods worth 2300-2350 yuan, but the current price in Beijing is still strong, and 2400 yuan is still good.

However, on the whole, the expectation of falling prices after the Mid-Autumn Festival is relatively strong in Maotai dealers and speculators, so it is not particularly surprising that there is a certain panic selling before the Mid-Autumn Festival. We believe that there is still some room for decline in the future, but the extent is not easy to judge. We have always stressed in the past that after the price of Feitian rose beyond the standard, it was obvious that the hype entered the stage of bubble, and the Mid-Autumn Festival market was nearing the end and some policy news was disturbed, which made the bubble burst in a short period of time. But we still maintain the optimistic judgment of the future Maotai wholesale price trend, the bursting of the current bubble does not represent the end of the whole market, we need more time and clues to judge.

Add to emphasize: the above price data are the recovery price of cattle, not the shipping price or a batch price. As of last night, scalpers could still be recycled into pieces at 2400, but bulk cargo was no longer accepted. In the early days, some dealers shipped goods at low prices, more out of the demand for funds. 2450-2500 is still the general circulation price of goods in Beijing area. Judging by the current acquisition of scalpers, both pieces and bulk goods have a downward trend, but it is obvious that pieces of goods are more resistant.