E Fund (HK) CSI Liquor Index ETF-R (83189.HK) Quoted Down 0.95% as Baijiu Retail Prices Slide

NewTimeSpace News: As of 10:44 on November 6, E Fund (HK) CSI Liquor Index ETF-R (83189.HK) was quoted at RMB1.048, down 0.95% from the previous close of RMB1.058. No trades have been recorded in this counter today, with quotes ranging between RMB1.048 and RMB1.058. It has gained 2.95% week to date. The net asset value per unit is RMB1.062, and assets under management stand at RMB81.23 million. (Note: the ETF recorded no trades today, so the price is a market quotation; NAV and AUM are as of November 5; this counter is denominated in renminbi; the week-to-date change is based on the October 30 close of RMB1.018.)

Baijiu retail prices weakened further on November 6. Based on roughly 200 collection points nationwide tracked by Sina Finance's liquor price index, the average retail prices of 12 major baijiu products all fell, pushing the overall price level to a near two-month low: Feitian Moutai dropped RMB3 to RMB1,781, Wuliangye's eighth-generation Puwu fell RMB5 to RMB775 for a fourth straight decline totalling RMB22, Guojiao 1573 lost RMB6 to RMB871 and Gujinggong's Gu20 slid RMB8 to RMB512, the biggest decliner of the day. A basket of the 12 products cost RMB10,541, down RMB44 from the previous day and the lowest since mid-September.

E Fund (HK) CSI Liquor Index ETF-R (83189.HK) is the renminbi counter of the E Fund (HK) CSI Baijiu Index ETF, sharing the same fund as the Hong Kong dollar counter 03189. The fund tracks the CSI Baijiu Index, whose constituents are Shanghai- and Shenzhen-listed companies engaged in baijiu production and sales, reflecting the overall performance of listed baijiu companies. The product listed on February 16, 2023, with a management fee of 0.8% per year.

Guosen Securities expects baijiu demand to remain under inertial pressure in the first half of 2027 with cost pressure concentrated in that period, while the second half is a key window for policy transmission and demand validation. On supply, the loss-making share of the food manufacturing industry reached 29.2% at the end of September 2026, while third-quarter capacity utilisation recovered to about 70%, with inventory and capacity clearing laying the groundwork for recovery. On prices, Feitian Moutai's wholesale price turned positive year on year on October 29, 2026, the first time in 28 months, and leading baijiu and consumer staples companies should see per-tonne prices stabilise.