双节名酒量价回升，飞天茅台本周微涨

Core Insights - The liquor market is experiencing a seasonal recovery, particularly in the lead-up to the National Day and Mid-Autumn Festival, but overall sales remain below last year's levels [1][12] - High-end liquor prices are generally lower than in previous years, with significant price sensitivity among consumers [2][9] - There is a noticeable shift in consumer purchasing behavior, with customers buying smaller quantities and focusing on well-known brands for gifting and gatherings [1][7] Market Trends - Business demand for high-end liquor has declined, leading companies to emphasize marketing for festive gatherings and family reunions [2][5] - Sales of premium brands like Moutai and Wuliangye have seen some recovery, but overall sales volume and prices are still lower than in previous years [3][4][10] - The price of Moutai has fluctuated between 1900 to 2000 yuan per bottle, with minimal significant increases observed recently [7][10] Consumer Behavior - Consumers are increasingly cautious, purchasing only a few bottles at a time rather than bulk buying as in previous years [1][12] - The majority of recent purchases are for gatherings, with many stores reporting that leftover liquor can be returned [7][12] - There is a growing trend of promotional activities from online platforms, which adds competitive pressure on traditional liquor retailers [12] Brand Strategies - Different brands are adopting varied strategies in response to market conditions, with some focusing on maintaining stable prices while others prioritize sales volume [9][11] - The price gap between major brands is widening, with Moutai and Wuliangye maintaining their market positions while other brands struggle to keep up [10][11] - Promotions and collaborations with events like the CCTV Mid-Autumn Festival Gala are being utilized by brands to boost visibility and sales [5][6]