Chapter 840: Glencore takes action

Chapter 840 Glencore Starts Action

Yang Chen asked Jin Zhina to continue to release empty orders, and then release another 1 million tons.

Jin Zhina was a little hesitant, she felt that as the boss's personal secretary, and she was temporarily in charge of the management of the import and export trading company, she was obliged to explain something to Yang Chen.

Therefore, Jin Zhina said to Yang Chen: "Boss, I think it's safer for us to leave a little behind. If, I mean, if the price of nickel really continues to rise, what should we do? In theory, as long as we are in The futures market opens a contract for hedging, which can definitely guarantee no loss. Either, the futures market makes money, but the real thing loses money; or the futures market loses money, and the real thing makes money. In theory, the money you lose is the same as the money you make. After hedging, there is no win or loss. But the problem is that no one offline can eat our 2 million tons of inventory. Once we lose money in the futures market and we can’t sell the same amount of goods offline, then we will lose a lot. what."

Yang Chen nodded and said: "Your analysis is correct, but I never play cards according to common sense. If I consider normal logic, how can I earn such a billion-dollar net worth? Remember one thing, you can make a lot of money. People must be people who are different from the general concept. Because everyone has the same idea, then everyone can make money, and everyone is a billionaire. Do you think it is possible?"

It seems reasonable to say that, aren't all those rich people doing things that ordinary people don't do.

If everyone can think of something, it is absolutely impossible to create huge wealth.

Jin Zhina: "That's fine. I can do whatever the boss says. Then I'll release 1 million tons now?"

Yang Chen nodded and said, "Yes, sell 1 million tons of empty orders. If Glencore dares to eat it, they will wait for bankruptcy and liquidation."

Although Jin Zhina didn't understand how Yang Chen dared to say that Glencore would go bankrupt as long as it took this 1 million tons of empty orders.

But since she followed Yang Chen, she has never seen him miss.

So, he does what he says and waits to see the result.

At this time, the headquarters of Glencore in Switzerland exploded.

An empty order for 1 million tons of electrolytic nickel appeared again in the LunDun trading market. You don't need to check to know that it should be an empty order released by Yang Chen's Xingchen Import and Export Trading Company.

This makes them confused, is Yang Chen really stupid, or is he confident, how could he dare to release an empty list?

It doesn't matter, anyway, as long as it's an empty order released by Yang Chen, you can eat as much as you can.

Soon, the 1 million tons of empty orders released by Jin Zhina were swept away again.

In this way, all the 2 million tons of electrolytic nickel that Yang Chen had just bought were released.

According to the average price released, it should be 21,000 US dollars / ton.

This also means that the value of these contracts is 42 billion meters of gold. According to the 8% margin ratio, Glencore may have to invest 3.36 billion meters of gold at one time.

If there is a subsequent price fluctuation, they may also continue to make margin calls.

In the same way, Yang Chen's side is the same, and he has to provide so much security deposit equally.

If the subsequent price continues to rise, he has to constantly replenish the margin, otherwise he will be forced to close the position by the trading market.

A classic showdown in the nickel futures market is about to take place.

After Glencore took Yang Chen's 1 million tons of empty orders again, it immediately took action.

They want to raise the price to the point where Yang Chen can't pay the deposit within a month, and they must act as soon as possible.

There are two main ways to increase the price of nickel.

First, reduce global nickel production.

Second, the massive purchase of nickel on the market will lead to a shortage of supply and an increase in prices.

Of course, there is still a possibility in theory, that is, a local war occurs, and the country participating in the war happens to be a major nickel-producing country.

However, at present, the possibility of war in major nickel-producing countries is very small. This method can be ignored and mainly depends on the first two.

As mentioned earlier, Tsingshan Group directly or indirectly participates in half of the world's daily nickel production.

Note that only daily output, not total output and inventory, etc.

However, the daily output is enough to make a fuss.

As long as the daily output is significantly reduced, within a few days, there will be a clear reaction in the market.

Glencore has four plans.

First, directly stop the production of nickel mines under its control, and announce a price increase to 50,000 meters of gold per ton.

Second, negotiate with the person in charge of the nickel mine that I have made friends with, reduce nickel production within this month, and also increase the price to 50,000 meters of gold / ton.

As compensation, Glencore will increase the purchase price to make up for the loss of nickel ore this month.

Thirdly, it is announced that Glencore urgently needs a large amount of electrolytic nickel, as much as possible, and the price can be as high as 50,000 meters of gold per ton.

Fourth, President Louis Bartrus directly contacted Zhang Qingshan, chairman of Tsingshan Group, to seek cooperation.

The first and second plans are obviously aimed at reducing the production of nickel, the production is reduced, the market is in short supply, and the price will naturally rise.

At the same time, Glencore exercised its pricing power and directly raised the price from the current 22,000 meters of gold per ton to 50,000 meters of gold per ton.

This motherfucker's rise is not even a single star, it's even more than doubled directly.

It can be seen how ruthless they are, they just want to take advantage of this opportunity to kill Yang Chen.

The third plan is actually a trap.

Glencore just released news that it would buy electrolytic nickel at a price of up to 50,000 meters of gold per ton, but in fact they would not actually buy it.

They will only delay time, after all, there are many rounds of back-and-forth negotiations on commodities, and a month passes quickly.

They can terminate the acquisition plan for any reason, as long as it delays the past month.

The fourth plan, obviously Glencore wants to team up with Tsingshan Group to do this round.

As long as the two join forces, they will have the final say in global nickel production and prices.

Louis Bartles got on the phone with Zhang Qingshan.

A few years ago, Tsingshan Company was just sniped by Glencore and lost several billions.

Zhang Qingshan can be said to hate Glencore deeply, and he never wants to deal with them in his life.

So, when you hear that Louis Bartles wants to talk to him, he wants to say no.

But he turned to think, can the billions lost in the past be able to be earned back this time?

Louis Bartles called at this time, Zhang Qingshan guessed what he wanted to do.

If you want Qingshan Group to help you, how can you not get some benefits?

Therefore, UU reading www.uukanshu.com Zhang Qingshan answered the phone.

Louis Bartles: "Haha... Mr. Zhang, how are you doing?"

Zhang Qingshan: "Hehe... Mr. Tobatrous's Hongfu, I am eating well and sleeping well now, not to mention how good it is."

Louis Bartrus: "Haha... That's fine. I was worried that Mr. Zhang lost 1 billion meters of gold to us that year, and he would not want to eat or drink, nor would he be able to sleep. Hearing you say that everything is fine, I really I'm very happy. Originally, I wanted to apologize to you, but it doesn't seem necessary."

Zhang Qingshan secretly scolded Louis Bartles for nothing, but he still asked politely: "Okay, don't talk nonsense, just say something. Our time is precious, don't waste it."

(End of this chapter)