On October 8th, Jefferies Financial released a report stating that the mainland's stimulus measures announced at the end of last month were surprisingly positive. The firm believes that this round of algo easing is sustainable and will help boost demand. Most commodities had good destocking situations before the peak season, and it is expected that demand will improve year-on-year in the fourth quarter, as the base in the fourth quarter is low, such as cement. The firm is most bullish on cement in the fourth quarter, as more convincing evidence indicates that supply constraints will lead to more sustainable price increases. The firm stated that under the stimulus plan, they are positive about all commodities in the fourth quarter, with a preference for cement, aluminum, copper, iron, and lastly coal. The firm raised the target price for Chinese cement stocks, with Conch Cement's target price rising from 15 Hong Kong dollars to 30 Hong Kong dollars, and China Resources Building Materials' target price rising from 0.94 Hong Kong dollars to 2.47 Hong Kong dollars. Both stocks were also upgraded to a 'buy' rating. In addition, the firm increased the target price for CNBM from 4.01 Hong Kong dollars to 6.04 Hong Kong dollars, and Chinahongqiao's target price from 12.2 Hong Kong dollars to 15.6 Hong Kong dollars, both stocks maintaining a 'buy' rating.