After a thousand years of trading, start a million barrels of oil

Chapter 109 Nickel Ore Futures

When the female teacher heard what the teacher next to her said, she immediately stopped the lesson plan she was typing, looked at the teacher and said:
"You mean Fengtian CNC machine tools? Another 100 high-end machine tools have been launched?"

"That's right." Seeing the surprised expression on the female teacher's face, the teacher was also a little puzzled.

Although this matter is considered major news in the machine tool industry, they are just university teachers, and they are far away from the machine tool industry, so they shouldn't be so surprised.

The female teacher frowned, didn't say much, just minimized the lesson plan, opened the browser, and checked the stock price first.

The agreement is that the other party will win if the price rises by 50%. Now it has risen to 300%, which is a three-fold increase, and the trend is still bullish.

It's been a day, and basically there will be no problems in 3 days.

Then enter 'Fengtian CNC machine tool' in the browser to check the latest news.

Sure enough, after pressing Enter, rows of news appeared in front of him, all about Fengtian CNC machine tools.

It was clearly written in it that Fengtian was not as helpless as the outside world imagined in the face of two consecutive rounds of joint attacks by Daoguo Shanma and Deguotong Chopsticks, or at most tried in the direction of a price war.

Instead, it directly launched nearly a hundred new high-end CNC machine tools unreasonably. In addition to the previous two launches, a total of 116 new models were launched in three months, covering almost all areas of mainstream high-end CNC machine tools.

Faced with the counterattack of Fengtian CNC, Shanma and Tongchoi can no longer limit it by reducing the price of the corresponding category as before, because that means that all their products will not make money or even lose money, and their profits will return to zero.

Therefore, in the face of this situation, the two giants had to adjust their strategies. First of all, the low-price dumping of the original 26 products was cancelled.

In addition, the decision to increase the price of the remaining products by 30% is also invalidated, and all of them will be sold at a discount of [-]% or [-]% off the original price to ensure a reasonable profit.

But even so, more than half of the orders were stopped by Huaxia Fengtian CNC, and Fengtian CNC not only made a lot of money in this wave.

And it is conceivable that Huaxia machine tools will no longer be hijacked by others in the future, and Huaxia's many military workers and weapons will realize the entire process of in-house production, and there will be no need to look at people's faces at any time.

After seeing this, the female teacher completely understood that Huaxia had won, but she lost the bet in class.

But from that day until the matter of class was brought up again today, she still couldn't understand why she lost?How could this one-in-a-million possibility really happen?
Perhaps she should have seen the clue when Fengtian CNC launched 6 new models for the first time and 20 new models for the second time. This company is not simple.

But what's the use of Zhuge Liang afterwards, but at that time, only the boy in front of him firmly believed that Fengtian would win.

If you lose, admit it.

The female teacher looked at Jiang Fan and said, "Except for the two of us, there were a total of 118 people involved, 12 supported and 106 opposed.

106*100是10600，加上我的1000是11600。

It depends on your choice, if you want it, it is 11600/13, 892 per person.

If you said you don’t want it yourself, then 11600/12, 966 per person.

I will directly help you make up to 900 or 1000 respectively, make up the whole, come to me after class, and I will scan the QR code to pay him. "

The female teacher loses when she loses, and she doesn't pay attention to the details.

"I don't need it." Jiang Fan said with a smile, saying that he would do it naturally.

And the dozen or so students who made money couldn't hold back anymore.

"Wow, 1000 yuan, I have food money for a month, and I won't have to ask my parents for money next month."

"It's extra money and I'm going to treat myself on the weekends."

"Well, I've saved up enough money to buy bags at once, and I'll go to the mall after class."

"No wonder people say that choice is better than hard work. It really depends on money to make money, and investment is the last word."

At that time, although most of the students who chose to be short on Fengtian NC were fine, some regretted it.

Seeing this situation, Jiang Fan felt that this was the right thing to do. Let them lose 100 yuan to form awe of investment, and perhaps gain more than they earned 100 yuan.

"Brother Fan, you are so awesome. I will take this 1000 yuan to treat you to dinner tonight." Lin Wan is also the beneficiary, and compared with what her parents gave, this is the money she earned from investing, and she spends it more confidently. It is most appropriate to invite Brother Fan to dinner.

"Alright~" Jiang Fan was delighted to see her happy.

The course continues, everyone takes back their energy and continues to teach you the following lessons.

There is still half a quarter left in the class, and the female teacher feels that everyone is very interested in stocks when today's victory and defeat are announced, so she can give another lesson on this aspect.

So he turned off the teaching plan he was talking about and said: "Last time we personally participated in a teaching about stocks based on Fengtian CNC, and the effect was good.

I believe that everyone has a deep understanding of the impact of news on stock prices, and also understands that there is great uncertainty in stocks.

No matter how much you judge the trend of stocks based on conventional theories, it may still surprise you with some unexpected factors.

Then let's look at another company today: Shanchuan Mining. "

After the female teacher finished speaking, she called the browser and searched for the stock display of Shanchuan Mining.

Jiang Fan originally had nothing to do with the course after the game was over, and he was looking down at his phone in boredom.

Hearing what the female teacher said suddenly, he raised his head subconsciously, and sure enough, the stock details page of Shanchuan Mining was displayed on the projection screen.

The fucking female teacher just picks companies related to me to analyze, right? Why are they so accurate every time?

Jiang Fan stopped playing with his mobile phone, and raised his head in his pocket to see what the female teacher was going to say.

The female teacher paused for a moment and then said: "Why did I choose this stock to talk about? It is to explain to you the concept of 'hedging'.

Let’s take Shanchuan Mining as an example, let me introduce you to the background of Shanchuan Mining:

This company usually appears relatively little in the public and media, but it is actually a super giant that stomps the industry.

As you all know about stainless steel, China’s annual output of stainless steel will exceed 2021 million tons in 3200, and the global stainless steel products in 2021 will only be 5600 million tons.

China's annual steel output accounts for nearly 60% of the world's total.

And you have to know that the upstream resource of stainless steel is a metal called nickel.

Shanchuan Mining has participated in and invested in nickel mines all over the world.

Especially in India, which stores more than one-fifth of the world's total nickel resources, Shanchuan Mining has built a large number of factories and can even be said to dominate the local nickel resources.

Nickel can be used not only for stainless steel, but now it is the core material of new energy power batteries.

Isn't Musk in the United States going to build his new energy empire? This guy said that nickel is the biggest bottleneck in Tesla, which shows its importance to all countries. "

Jiang Fan listened to her introduction and felt that the speech was very good. Shanchuan is indeed the king of nickel in China, which is of great significance to the country.

Of course, it is also of great significance to him. He still has 3% of the shares here. Usually, it is fine to raise a few hundred million as pocket money, and then what?

Jiang Fan just listened to her continue talking.

The female teacher took a sip and continued: "Because Shanchuan Mining has a large amount of nickel ore resources, in order to ensure stable profits for the company, it often uses a method to deal with fluctuations in the international nickel price. This method is what I want to give today. Everyone talks about 'hedging'.

This specific word is very complicated, and we will only briefly understand it today.

For example, the current price of nickel in the market is 1 yuan per ton, and Shanchuan Mining will tell buyers in the market that no matter how the price of nickel changes in the future, we will trade at 1 yuan per ton, okay? .

Some buyers will disagree, but some buyers will agree because they are worried about the price increase of nickel. For example, some buyers say OK, I will lock in 1 tons first.

When the trading time comes, the price of nickel in the market may rise or fall, but this does not hinder the previous agreement between the two parties. Regardless of the rise or fall, the price of nickel will be traded at 1 yuan per ton, and the price difference will be at your own risk.

But if you can't pay the money, you have to deduct the deposit, and if you can't deliver the goods, you have to make compensation.

This is the basic principle of hedging. "

The students generally understood after listening to it. It is much easier to understand the concept by taking a specific company as an example than talking about the concept abstractly.

Jiang Fan was even more impressed after hearing this. He was a personal participant, especially combined with the female teacher who drew some more specific knowledge points and variations on the blackboard, and felt that he had a deeper understanding of this concept.

After the female teacher finished drawing the knowledge points, she looked at the students and asked: "The knowledge points are finished, from the news we have seen, Shanchuan Mining has done a lot of such hedging recently.

Then can everyone tell me whether this futures trading method for hedging has any risks for Shanchuan Mining? "

Jiang Fan's experience as an executive of Shanchuan and participating in the decision-making level of Fengtian CNC made him particularly sensitive to risks this time.

As soon as I heard this word, it was still related to the company I own a share in, so I immediately pricked up my ears to listen.

The students also began to discuss, and finally, some students raised their hands and replied:
"Mr. Hu, based on what you just said, I think its biggest risk is that it has placed so many large futures orders. If it fails to deliver the goods by then, and the international nickel price has risen sharply, it will not be able to purchase futures through other channels. Nickel resources to make up for this gap, then it will suffer huge losses."

Jiang Fan felt a little toothache when he heard that, it's unlucky to mention more profits when mentioning his own company, and mention losses.

But he was faintly worried, this possibility of gender really appeared, this company still has his shares, and if he loses, he loses his money.

The female teacher listened to the classmate's answer, nodded and said: "The answer is very good. There are many reasons that may lead to the lack of supply. In this case, he needs to use the reserve funds to buy in the market to fill the gap, so generally there is no problem. Generally, they will make sufficient preparations in advance to deal with this situation.

But I am afraid that the price will suddenly double, which will make it impossible to even buy reserves to fill the market. Such a company will suffer massive losses or even be wiped out.

This is also the risk that futures trading has to bear when it brings stable income to the company. Do you understand? "

"Understood." The students nodded.

But the corners of Jiang Fan's mouth twitched violently when he heard these words. He always felt that something was going to happen, so he decided to take some time to go to Shanchuan Mining after spending time with Lin Wan today, and talk about so many large futures orders recently with President Jin. chat.

(End of this chapter)