News

Richard Dalian

Sep 3, 2024

Dalian Black Bean Market: Limited Supply Meets Decreasing Demand

Dalian Black Bean Market: Limited Supply Meets Decreasing Demand

In the Dalian region, the black bean market is experiencing a unique dynamic as supplies remain limited while demand has noticeably decreased. Most merchants are focused on digesting their current inventory while waiting for the new grain harvest to enter the market. However, some grain merchants with existing stock are beginning to release shipments, leading to a complex market environment.

Market Dynamics: Low Supply and Decreased Demand

The production area for black beans in Dalian is currently facing a supply shortage. Despite this, market demand has clearly dropped, causing many merchants to hold off on new purchases and focus on selling off their existing inventory. This has created a situation where the market is steady, but there is pressure on prices to decline slightly.

Price Outlook: Stability with a Slight Downward Trend

From a demand perspective, the price of black beans is expected to remain relatively stable, with a slight decline possible. However, given that the new grain has not yet entered the market and the old grain supplies are running low, any potential price drop is likely to be limited. The market is closely watching for the arrival of new grain receipts, which could influence prices further.

Looking Ahead: Anticipation of New Grain Receipts

As the market waits for the new black bean harvest, all eyes are on the incoming crop. The limited supply of old grain has kept prices from falling significantly, but the introduction of new grain could bring about changes in the market. How this will affect prices remains to be seen, but the anticipation is building among merchants and buyers alike.

A Market in Transition

The Dalian black bean market is currently in a state of transition. With low supply and decreased demand, prices are stable but with a slight downward trend. The upcoming arrival of new grain will be a key factor to watch, as it may shift the market dynamics. For now, the focus remains on managing existing inventory and preparing for the next phase.

The Dalian black bean market is at a pivotal moment. With supplies running low and demand decreasing, the market is holding its breath for the new grain to arrive. The slight price decline we’re seeing now may not last long, depending on how the new crop affects supply and demand. It’s a time for careful observation and strategic decision-making as we move into this next phase.
Product  Name Chinese Black Kidney Bean
TypeSmall
Moisture16% max
Package25kg PP bag
Purity99.5%
Loading22mt /20GP
Conv. Fob DalianUSD 1240-1270/mt - EURO 1120-1147/mt
Org.  Fob DalianUSD 1330-1360/mt - EURO 1200-1227/mt
Delivery20 days after the contract
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