Core Insights - The Chinese white liquor market is experiencing a price adjustment, with the average retail price of the top ten products dropping to 9,166 yuan, a decrease of 10 yuan from the previous day, marking a new low since early February [1] - The market shows a mixed performance with four products increasing in price, five decreasing, and one remaining stable, indicating a structural adjustment rather than a uniform trend [1] Price Movements - Among the products that increased in price, Feitian Moutai rose by 6 yuan per bottle, supported by solid demand and tight supply [1][3] - Other products with price increases include Gujing Gonggu 20, which went up by 3 yuan, and Wuliangye Pu 58 and Shuijing Jianan Chun, both of which saw a slight increase of 1 yuan [1] - Conversely, products that decreased in price include Qinghua Lang, which fell by 10 yuan, and Yanghe Dream Blue M6+, which decreased by 5 yuan [1][4] - The price of the stable product, Jingpin Moutai, remains at 2,419 yuan per bottle, showing resilience in its pricing [1] Market Dynamics - The overall market is characterized by a continued differentiation among products, with core products showing resilience while others face downward pressure [1] - The data is sourced from approximately 200 collection points across major regions, including designated distributors, social distributors, mainstream e-commerce platforms, and retail outlets [4]

Core Viewpoint - The Chinese liquor market is experiencing significant price fluctuations, with the average retail price of the top ten liquor products showing a notable decline, reaching a new low in the past ten days, following a peak during the Spring Festival [1]. Price Movement Summary - The total price for a package of the top ten liquor products is 9195 yuan, down by 26 yuan from the previous day [1]. - Among the top ten products, four saw price increases while six experienced declines [1]. - The price support is mainly concentrated on leading brands, while mid-tier products are under pressure [1]. Price Changes of Specific Products - **Price Increases**: - Feitian Moutai increased by 7 yuan to 1766 yuan per bottle [3]. - Premium Moutai also rose by 7 yuan to 2418 yuan per bottle [3]. - Qinghua Lang increased by 4 yuan to 735 yuan per bottle [4]. - Wuliangye Pu 58th generation saw a slight increase of 2 yuan to 820 yuan per bottle [3]. - **Price Decreases**: - Xijiu Junpin dropped by 16 yuan to 643 yuan per bottle [4]. - Guojiao 1573 fell by 10 yuan, continuing a two-day decline [1]. - Gujing Gonggu 20 decreased by 8 yuan to 527 yuan per bottle [4]. - Yanghe Dream Blue M6+ decreased by 5 yuan to 596 yuan per bottle [4]. - Shui Jing Jian Nan Chun and Qinghua Fen 20 fell by 4 yuan and 3 yuan respectively [1].

Core Viewpoint - The "Wine Price Reference" by Sina Finance has launched, providing real-time data on the retail prices of major Chinese liquor brands, indicating a structurally differentiated price trend in the market as of February 13, 2026 [1][8]. Price Trends - The average retail price of the top ten liquor products is 9,189 yuan, showing a slight increase of 3 yuan from the previous day [1][8]. - Among the top ten products, four saw price increases while six experienced declines, highlighting significant price differentiation [4][10]. Specific Product Price Changes - Guizhou Moutai (Flying Moutai) increased by 32 yuan to 1,790 yuan per bottle, reaching a one-month high due to tight supply and limited availability [4][10]. - Other products with price increases include: - Ancient Well Tribute Wine 20: up 3 yuan to 538 yuan [4][10] - Crystal Jian Nan Chun: up 3 yuan to 406 yuan [4][10] - Qinghua Fen 20: up 1 yuan to 384 yuan [4][10] - Products with price declines include: - Qinghua Lang: down 12 yuan to 698 yuan [4][10] - Boutique Moutai: down 9 yuan to 2,415 yuan [4][10] - Wuliangye Pu 58: down 7 yuan to 808 yuan [4][10] - Guojiao 1573: down 5 yuan to 885 yuan [4][10] - Yanghe Dream Blue M6+: down 2 yuan to 613 yuan [4][10] - Xijiu Junpin: down 1 yuan to 652 yuan [4][10]. Market Analysis - A recent report from招商证券 indicates that the liquor industry is experiencing a double-digit decline in sales leading up to the Spring Festival, which aligns with expectations [6][11]. - Guizhou Moutai is showing strong performance with a significant increase in sales volume and price recovery, while other brands like Luzhou Laojiao and Shanxi Fenjiu are facing varying degrees of decline [6][11]. - The report suggests that the liquor sector may see a recovery in both performance and valuation as cyclical constraints gradually diminish [6][11].

Core Insights - The article highlights the launch of "Wine Price Reference" by Sina Finance, which provides real-time data on the retail prices of major Chinese liquor brands, indicating a structurally differentiated price trend in the market as of February 13, 2026 [1][8]. Price Trends - The average retail price of the top ten liquor products in China is reported at 9,189 yuan, showing a slight increase of 3 yuan from the previous day [1][8]. - Among the top ten products, four saw price increases while six experienced declines, indicating a clear price differentiation [4][10]. Specific Product Price Changes - Notable price changes include: - Guizhou Moutai (Flying Moutai) increased by 32 yuan to 1,790 yuan per bottle, reaching a one-month high due to tight supply and limited availability [4][10]. - Other products that increased include: - Gujing Gongjiu 20: up 3 yuan to 538 yuan [4][10]. - Shuijing Jian Nan Chun: up 3 yuan to 406 yuan [10]. - Qinghua Fen 20: up 1 yuan to 384 yuan [4][10]. - Products that decreased include: - Qinghua Lang: down 12 yuan to 698 yuan, marking a significant drop over three consecutive days [4][10]. - Boutique Moutai: down 9 yuan to 2,415 yuan [4][10]. - Wuliangye and Guojiao 1573: down 7 yuan to 808 yuan and 5 yuan to 885 yuan respectively [4][10]. Market Analysis - The data for "Wine Price Reference" is sourced from approximately 200 collection points across various regions, including designated distributors and major retail platforms, ensuring a comprehensive and objective price tracking [5][11]. - A recent report from招商证券 indicates a double-digit decline in liquor sales leading up to the Spring Festival, with Guizhou Moutai showing strong performance and a price recovery in the range of 1,600 to 1,700 yuan [6][11]. - The report also notes that the proportion of mass consumption has increased to 20%, and a supply-demand imbalance is expected to persist in the first quarter [6][11].

Core Viewpoint - The Chinese liquor market is experiencing a price rebound, with the average retail price of the top ten liquor products reaching a new high since the beginning of 2026, driven by strong performance from leading brands [1]. Price Trends - The total price for a package of the top ten liquor products is 9153 yuan, an increase of 35 yuan from the previous day [1]. - Among the top products, the price of Feitian Moutai has risen by 10 yuan per bottle, while Xijiu Junpin has also increased by 10 yuan, marking a five-day consecutive rise [4]. - The overall price movement shows seven products increasing and three decreasing, indicating a strong market trend [4]. Specific Product Prices - Feitian Moutai (53 degrees, 500ml) is priced at 1730 yuan, up 10 yuan from yesterday [2]. - The price of the premium Moutai (53 degrees, 500ml) is 2398 yuan, up 5 yuan [2]. - Other notable price changes include Wuliangye (805 yuan, up 1 yuan), and Guojiao 1573 (889 yuan, down 5 yuan) [2][4]. Market Dynamics - The price increase is attributed to strong demand during the pre-Spring Festival period and tight supply channels [6]. - The market sentiment is cautious, with brands like Wuliangye and Guojiao 1573 showing stable prices, contrasting with the volatility seen in Moutai [6]. - The introduction of new sales channels for Moutai has had a significant impact on retail prices, with the official platform pricing Feitian Moutai at 1499 yuan per bottle [5].

Core Viewpoint - The Chinese liquor market shows a mixed trend in retail prices for the top ten products, with an overall slight decline in total price, indicating market stabilization with fluctuations among core products [1]. Price Trends - The total retail price for a package of the top ten liquor products is 8,886 yuan, down by 3 yuan from the previous day [1]. - Among the ten products, four increased in price, five decreased, and one remained stable [1]. Price Increases - Qinghua Lang leads the price increase with a rise of 14 yuan per bottle, marking five consecutive days of price growth [1]. - Gujing Gonggu 20 and Jingpin Moutai saw increases of 7 yuan and 4 yuan per bottle, respectively [1]. - Xijiu Junpin experienced a slight increase of 1 yuan per bottle [1]. Price Decreases - Wuliangye dropped by 9 yuan per bottle [1]. - Guojiao 1573 decreased by 8 yuan per bottle [1]. - Feitian Moutai's average retail price fell by 7 yuan per bottle due to the normalized supply from the iMoutai platform [1]. - Mengzhilun M6+ and Qinghua Fen 20 saw decreases of 3 yuan and 2 yuan per bottle, respectively [1]. - Shuijing Jianan Chun's price remained unchanged from the previous day [1]. Specific Product Prices - Feitian Moutai (53 degrees, 500ml) is priced at 1,640 yuan, down by 7 yuan [3]. - Jingpin Moutai (53 degrees, 500ml) is priced at 2,352 yuan, up by 4 yuan [3]. - Wuliangye (52 degrees, 500ml) is priced at 797 yuan, down by 9 yuan [3]. - Gujing Gonggu 20 (52 degrees, 550ml) is priced at 506 yuan, up by 7 yuan [4]. - Xijiu Junpin (53 degrees, 500ml) is priced at 642 yuan, up by 1 yuan [4]. - Qinghua Lang (53 degrees, 500ml) is priced at 737 yuan, up by 14 yuan [4]. - Shuijing Jianan Chun (52 degrees, 500ml) is priced at 388 yuan, unchanged [4].

Core Insights - The core viewpoint of the news is that the retail prices of major Chinese liquor brands have generally declined, indicating a downward adjustment in the market, particularly for high-end products, with the overall price reaching a new low in two months [1][6]. Price Trends - The average retail price of the top ten liquor products dropped to 8866 yuan, a decrease of 49 yuan from the previous day [1][6]. - Eight out of the ten major products experienced price declines, while only two saw slight increases, highlighting the pressure on the industry for short-term adjustments [7]. Specific Product Price Changes - Moutai's premium product saw the largest drop, decreasing by 13 yuan per bottle due to increased supply and dealer discounts [7]. - Other notable declines included Qinghua Lang and Xijiu Junpin, which fell by 11 yuan and 9 yuan respectively, while Feitian Moutai decreased by 8 yuan [7]. - The only products that increased in price were Yanghe Dream Blue M6+ and Qinghua Fen 20, both rising by 1 yuan [7]. Data Collection Methodology - The "Liquor Price Reference" collects data from approximately 200 sampling points across various regions, including designated distributors, social distributors, e-commerce platforms, and retail outlets, ensuring a comprehensive and objective representation of market prices [2][8]. - The pricing data is based on real transaction prices from the past 24 hours, aiming to provide a scientifically traceable dataset for the liquor market [2][8]. Industry Concerns - Recent reports indicate issues with counterfeit authorization letters for products like the 52-degree Crystal Jian Nan Chun, raising concerns about the integrity of online sales and the potential impact on brand pricing structures [3][8]. - The online low-price sales phenomenon may stem from distributors using e-commerce to clear inventory, which could disrupt the established pricing order in the industry [3][8].

Core Insights - The Chinese white liquor market has seen a general price rebound for the top ten products as of January 20, marking a five-day high after a period of low prices. The total retail price for a bundled package of these products is 8,915 yuan, an increase of 44 yuan from the previous day [1]. Price Movements - The market experienced a broad increase today, with eight products rising in price and two declining, reversing the trend from the previous day. However, trading volumes remain low [1]. - Leading the price increases, Qinghua Lang rose by 12 yuan, followed by Xijiu Junpin with an 11 yuan increase, and Gujing Gonggu with a 9 yuan increase. Other notable increases include Yanghe Dream Blue M6+ and Premium Moutai, both up by 5 yuan, and Guojiao 1573, which increased by 4 yuan. Qinghua Fen 20 and Shuijing Jian'nan Chun saw minor increases of 2 yuan and 1 yuan, respectively [1][4]. Price Table Summary - The following table summarizes the current prices and changes for major products: - Moutai (Feitian): 1,672 yuan, down 3 yuan [3] - Moutai (Premium): 2,339 yuan, up 5 yuan [3] - Wuliangye (Pu Wubai): 803 yuan, down 2 yuan [3] - Qinghua Fen 20: 375 yuan, unchanged [3] - Guojiao 1573: 881 yuan, up 4 yuan [3] - Yanghe Dream Blue M6+: 582 yuan, up 5 yuan [4] - Gujing Gonggu: 511 yuan, up 9 yuan [4] - Xijiu Junpin: 656 yuan, up 11 yuan [4] - Qinghua Lang: 708 yuan, up 12 yuan [4] - Shuijing Jian'nan Chun: 388 yuan, up 1 yuan [4]

Core Viewpoint - The Chinese liquor market is experiencing a rebound in retail prices for major products after a period of decline, indicating a stabilization in market sentiment [1]. Price Trends - The average retail price of the top ten Chinese liquor products increased to 8998 yuan, up by 16 yuan from the previous day [1]. - Major products showing price increases include: - Wuliangye Pu Wuyi 8th generation: up 8 yuan per bottle - Guojiao 1573: up 7 yuan per bottle - Gujing Gong 20 and Xijiu Junpin: up 6 yuan per bottle each - Qinghua Fen 20: up 3 yuan per bottle - Yanghe Dream Blue M6+: up 1 yuan per bottle, marking five consecutive days of increases - Shuijing Jiananshun: price remained stable [1][5]. Price Declines - Products experiencing price declines include: - Feitian Moutai: down 7 yuan per bottle - Boutique Moutai: down 6 yuan per bottle - Qinghua Lang: down 2 yuan per bottle [1][4]. Market Dynamics - The market is showing signs of recovery with most brands experiencing price increases and moderate volume growth, leading to a more positive market sentiment compared to previous days [1]. - The introduction of new sales channels for Moutai products, including the iMoutai platform, is expected to influence retail prices positively [2][3].

Core Insights - The article highlights a significant rebound in the retail prices of major Chinese liquor brands, particularly in the white liquor market, after a period of decline, indicating a stabilization in market sentiment [1][6]. Price Trends - The average retail price of the top ten white liquor products increased to 8998 yuan, up by 16 yuan from the previous day [1][6]. - Major brands such as Wuliangye and Guojiao 1573 saw price increases of 8 yuan and 7 yuan per bottle, respectively, while Moutai products experienced a decline of 7 yuan for the Flying Moutai and 6 yuan for the Premium Moutai [7][10]. Market Data Collection - The "Wine Price Reference" collects data from approximately 200 points across various regions, including designated distributors and retail outlets, to provide an objective and traceable overview of market prices [2][8]. - The introduction of new sales channels for Moutai products, such as the iMoutai platform, is expected to influence the market prices of Flying Moutai and Premium Moutai [2][8]. Product Launches and Adjustments - iMoutai announced the launch of new Moutai products with specific purchase limits starting January 9, including the Premium Moutai and Flying Moutai, which will be available in different sizes [3][8]. - The company plans to optimize the release schedule for Moutai products over the coming years, with key sales periods identified throughout the year [3][8].