There are two main reasons for the decline of liquor. 1 The aspect is that liquor is not in the peak consumption season. Judging from the situation in the first half of the year, liquor as a whole is in the off-season of consumption. During this period, the overall increase of liquor itself will not be particularly good, so it is understandable that liquor has been falling. Judging from the situation after the year, there was a wave of liquor rebound, and the rebound trend was still very good, even hitting a new high. It's just that liquor has been in a state of relative collapse since then, and liquor has been going up and down recently, and it can't basically go up, but it will be difficult to fall down again. This is the situation of consumption. For example, this year's consumption situation is not as good as the previous two years, and liquor is part of consumption. Poor consumption also has a great influence on liquor. In fact, the semi-annual report of Kweichow Moutai is not very effective, and it can be regarded as the worst period in the past, which will have a great impact on the liquor fund.

At the same time, the policy has a great influence on liquor. When it was said that liquor should be associated with intangible heritage, the liquor fund rose by 7% a day. After that, liquor began to fall again, which was actually caused by another reason, that is, a large amount of funds began to withdraw from liquor. For example, the funds in the north are constantly reducing the position of liquor, and all other positions buy new energy. Like contemporary Amperex Technology Co., Ltd., the overall increase is very good. Many funds are gradually reducing the proportion of liquor consumption in the fund and buying new energy and lithium batteries. At this time, it is even worse for liquor. Without the support of funds, the overall increase of liquor funds is very poor. However, in the second half of the year, the liquor fund will usher in a wave of market, which needs to be grasped.

Therefore, there are two main reasons for the decline of liquor funds. On the one hand, the valuation of liquor fund is still at a high level, not in the peak consumption season. Another reason is that a large number of funds fled, making the liquor fund continue to fall.