Summary
[Guoyuan Securities: CPI will continue to rise due to the reversal of the pig cycle]Guoyuan Securities pointed out that looking forward, the CPI will continue to rise due to the reversal of the pig cycle. 1) The fall in pork prices should be a short-term phenomenon. The rebound in pork prices from September to November is only due to the increase in consumption driven by the oversold price. This force is not strong; The significance of the round of pork price increases lies in the fact that the bottom of the pig cycle has been proven; 3) According to the previous law, the high point of the pigs going to the slaughter should be at the end of the fourth quarter of last year. Probably early this year. (Securities Times Network)
Guoyuan SecuritiesPoint out that, looking forward,CPIIt will still continue upward due to the reversal of the pig cycle. 1) The fall in pork prices should be a short-term phenomenon. The rebound in pork prices from September to November is only due to the increase in consumption driven by the oversold price. This force is not strong; The significance of the round of pork price increases lies in the fact that the bottom of the pig cycle has been proven; 3) According to the previous law, the high point of the pigs going to the slaughter should be at the end of the fourth quarter of last year. Probably early this year.becausePPIDue to the slight over-adjustment of the CPI, the current price data should have little impact on short-term large-scale assets, but if a large amount of subsequent profits are transferred from the upstream to the downstream, the impact on each asset should be smooth.
(Article Source:securitiesTimes Network)
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