"That's right. The economic downturn in Europe is a foregone conclusion, and the demand for bulk resources is bound to continue to drop sharply. I think you are also aware of the situation in the Japanese market. In the past few years, the yen has continued to rise. The value of the currency, Japan’s demand for bulk resources will only continue to decline. Therefore, I have reached an agreement with the chief non-ferrous metal dealer of Sumitomo Corporation...”

"..."

"The times are developing, and copper, as the number one non-ferrous metal, cannot continue to fall. So not long ago, I won two large copper mines in Zambia and Zaire with US$[-] million."

"..."

Shen Jiannan was talking nonsense in a serious manner. If Zheng Zheng and He Tianya found out that this fellow had the audacity to say that he bought two copper mines in Zambia and Zaire for $[-] million, he would definitely spit on his face.

spend money?

For the price of a hammer.

In order to defeat the anti-government forces, the Chiluba government took a 30.00% five-stock stake in a super-large national copper mine to pay First Security's 1000 million U.S. dollars in employment fees. For this, Shen Jiannan is still procrastinating and not directly agreeing. .

As for the copper and cobalt mines in Zaire, God knows how much the goods are going to cost.

But one thing is certain, this fellow is not prepared to give cash at all.

But Shen Zhi didn't know about this. When he heard the figure of [-] million US dollars, his heart beat with excitement. According to what Shen Jiannan said, he wanted to establish a joint venture company with China.

Shen Zhi could also guess the reason.

International capital flows, without the support of big countries, it is difficult to move an inch. This guy Shen Jiannan wants to form a joint venture with the country. to a lot cheaper.

But so what.

Not to mention the [-] million US dollars of funds, the strategic benefits that the two copper mines can bring are things that people dream of.

You know, as early as 20 years ago, in order to be able to buy some copper resources in Africa, dozens of lives were sacrificed in China and countless manpower and material resources were spent to help Zambia build a railway across the Central African artery to the seaside wharf.

However, as soon as the road was repaired, the other party completely turned against China and became the largest anti-China country in Africa.Not to mention the purchase of the copper mine, even the right to railway transportation has become someone else's, and all the hard work has become the wedding dress of other countries.The Japanese established a copper company there, the Germans established a copper company there, the Anglo-American alliance and France established a copper company, but China, which contributed people, money, and effort, became the object of exclusion.

It's different now. If Capital One can win the Central African Copper Company, then as one of the shareholders, it will be able to continuously transport the copper mine back.

By that time, with sufficient support of copper industry resources, the domestic science and technology and military industry are bound to reach a new level.

"Mr. Jiannan is far-sighted, no wonder he can achieve today's achievements. The ancients did not deceive me. He really is a hero regardless of his origin."

"Director Shen. Didn't you call me a capitalist in your heart?"

"How could it be, how could it be! Shen is the kind of person who is unreasonable. What Mr. Jiannan has done has made countless people ashamed. Among other things, the money donated by Mr. Jiannan has already made people feel ashamed." Grateful."

"Director Shen, you're being polite. Jiannan was born in China and grew up in China. It is thanks to the upbringing of his hometown that he is today. Little things are nothing to worry about. I just hope that I can do something for the country. What I said before was offending. I hope brother Shen won't see you outside."

"Where, where. Shen knows in his heart that Brother Jiannan has no choice but to do so. With your influence today, some things are beyond your control."

"Brother Shen just understands. It's not a disappointment to Jiannan. Come, let's drink tea."

"Drink tea, drink tea."

"The Ukrainian aircraft carrier, did Brother Shen think about how to bring it back?"

"This is indeed a difficult problem. There is no power, so it can only be towed back with a tugboat. The route must be from the Black Sea to Turkey, enter the Mediterranean Sea, and then enter the Indian Ocean to the east and enter our country's waters through the Strait of Malacca..."

"..."

Chapter 12 Flies Are Small But They Are Meat

LME is the largest copper futures trading market in the world. Founded in 1876, it trades non-ferrous metals such as copper, aluminum, lead, zinc, nickel and aluminum alloys.

The accumulation of more than 100 years has given this exchange a very high reputation in the world. The open interest of copper futures is as high as hundreds of billions of dollars, which makes it have a strong financial pricing power on the global copper price.

That's right, it's financial pricing power.

In modern economic theory, the main factor that determines the price of bulk commodity resources is the relationship between supply and demand. However, with the continuous advancement of information technology, the scale of forward market contracts has also continued to expand. In the course of development, the inherent logic of supply and demand has long been unable to tell the true relationship between price variables.

Regarding this point, Yasuo Hamaka is very clear that, as the chief trader of Sumitomo Commercial Nonferrous Metals Division, the size of his US$60 billion position on Lun Copper once affected the price of global copper resources.

LME CA3M, 2361.08, -1.26%.

London, Sumitomo Corporation Nonferrous Metals Trading Department.

Binzhong Tainan looked at the quotation of Luntong March on the central computer, and fell into deep thought.

As the largest copper export company in Asia, Sumitomo is born short, because when the copper price is profitable, as long as the corresponding selling position is established on copper futures, it can avoid the unpredictable systematic risk fluctuation of copper price. Lock the risk in a certain space.

But there is one very contradictory point, that is - when the risk is locked, the profit is also locked in a fixed space.

If copper prices fall to an extremely low level, then profits will be locked in even more narrowly.

In a week, the price of Lun copper fell by another 5.00%. If things go on like this, the low price may not even be able to hedge Sumitomo's spot sales share of major copper companies around the world.

"Yoshino-kun, what do you think is the purpose of Capital One?"

Picking up a cigarette and lighting it, Hamanaka Yasuo cast his eyes on his assistant Yoshino Yamashita, and this experienced analyst frowned.

Logically speaking, with the influence of Capital One in Europe, there is absolutely no need to cooperate with Sumitomo, but the actual controller of Capital One has approached Sumitomo.

Will the big rooster pay New Year's greetings to the weasel?

You can think of it with your butt, there is definitely a lot of tricks in it.

"My lord. Although the Chinese people have a vast land and rich resources, they are extremely poor in mineral resources. Whether it is copper ore or iron ore, the taste is very low. Perhaps, they want to cooperate with us to suppress the price of copper in order to buy more. resource."

"That doesn't make sense. As far as I know, Shen has a very close relationship with polar bears."

"Then do they just want to make a fortune in the futures market?"

"..."

This question caused a hint of sarcasm to flash in Binzhongtai's eyes. Sumitomo holds the world's largest copper futures position, and it's not just for anyone who wants to make a fortune.The Great Japanese Empire is not a waste like the United Kingdom, who is still thinking about making money after being pushed to the ground and rubbed.

"Yoshino-kun. No matter what they want to do, I think this is an opportunity. If there are no more positions to join, how can we make money. Do you think so?"

"But we have an agreement with Capital One."

"So what. In this world, whoever has the biggest fist has the final say. What's more, everything is just a verbal agreement."

"What do you mean, sir?"

"There is a very famous idiom in Huaxia, which is called charge and fall into the battle. But when I read the Romance of the Three Kingdoms, I learned that fall into the battle is actually a tactic, a tactic of encircling the enemy and then destroying it."

Yoshino Yamashita didn't know how Hamanaka Tainan got involved in Romance of the Three Kingdoms. As a loyal arcade fan, he thought of Romance of the Three Kingdoms, his favorite game, on a reflex.

"Your Excellency also play Glory Company's Romance of the Three Kingdoms? I can get to Lu Bu's level with one coin."

"..."

The painting style changed suddenly, Hamanaka Yasuo looked at the excited expression of Yoshino Yamashita, and was so angry that he almost choked on the smoke.

"Bagayalou, you ignorant idiot. I'm talking about tactics, not games."

"..."

Didn't I just ask, what is fierce.

Yoshino Yamashita looked at Hamanaka Yasuan a little aggrieved. The business of trading is really boring. Isn't he just interested in distracting the pressure?

"Shen Jiannan is right about one thing. The ongoing financial crisis in Europe is an opportunity for us. If the global copper price plummets as a result, we can buy more copper companies."

What the hell does this have to do with the Romance of the Three Kingdoms you mentioned.

Yoshino Yamashita didn't dare to speak, but still couldn't help but slander a few words.

"This subordinate is dull, please advise me."

Yoshino Yamashita's respectful attitude filled Binzhong Tainan with infinite pride. He stood up and walked to the side of the glass curtain wall to look at the impenetrable sea not far away. A trace of mighty fighting spirit flashed in his eyes.

"Since Shen Jiannan wants to take advantage of the opportunity to make a lot of money by shorting, then we can completely snipe out their short positions. When all their short positions are blown up, the copper price will be pushed to a new high point. Wouldn't it be a big profit? .”

Yoshino Yamashita was not surprised by Hamanaka Taitai's madness and arrogance. As a helper, he was very aware of the character of the 'hammer' in front of him.

In order to control the global copper price by controlling both long and short positions, Hamanaka Yasuo even asked the president of DLT Brokerage Company Shrell Cade to provide him with false transaction certificates last year in order to cover up the actual size of the position held by Sumitomo on the London Stock Exchange.

It is the goal of everyone in Sumitomo to make Sumitomo the world's strongest non-ferrous metal seller and restore Sumitomo's dominance in the global copper market in the middle period.

Frantically looking at Yasuo Hamaka standing in front of the window, Yoshino Yamashita let out a hey and lowered his head respectfully.

"Your Excellency said yes. So how big should we take the long position?"

"madness."

"Roms!"

"Trap, trap. We have to build a bigger short position to trap all the shorts in the market first, you, understand?"

"Roms!"

"Remember, build enough long positions at the same time, but be sure not to let people see the problems."

"Roms!"

"..."

You have Zhang Liangji, I have a wall ladder.

Binzhong Tainan didn't know that when he was calculating the first capital, someone also regarded him as a prey.

Reputation?

The agreement in black and white is a piece of waste paper in front of the interests, not to mention the credibility of the empty words.

LME CA3M, 2361.08, buy 10.

LME CA3M, 2361.08, sell 11

LME CA3M, 2361.09 Buy 11

LME CA3M, 2361.10 Sell 9

......

Canary Wharf, Capital One Investments.

Under William's instructions, the traders present abandoned the keyboards in their hands, typing back and forth on the keyboards in boredom.

One will buy and one will sell.

After spending half the morning, there was no profit-loss ratio in the general account.

This is crap.

The three contracts on the long position hold a total of 980 contracts, and the three contracts on the short position hold a total of 980 contracts. The price difference is only 0.05. What kind of profit and loss range can there be? up.

For traders, this is very boring.

I just stared at the floating profit and loss fluctuations all morning, so boring that I almost fell asleep.

Anyway, no matter how the market fluctuates, there will be no huge profit or loss. Who has the heart to pay attention to what kind of market fluctuations.

"Boss. What the hell are we doing this for? Jesus, this is so boring."

For what?

Thinking of what Shen Jiannan said, William felt a sense of superiority in IQ.

But in fact, he didn't know why.

Does it matter?

It doesn't matter at all.

But one thing is for sure, the boss used this tactic of making no distinction between the enemy and the enemy, but he once severely cheated the Bank of Finland. No matter how he tried to cheat Sumitomo, the result would be very pleasant.

The three words of the defeated country are enough to explain everything.

bell bell -

Suddenly, the phone on the table rang, and William dropped the cigarette butt in his hand and quickly grabbed the phone.

"William, it's me, what's going on over there."

"President Lamont chatted with me yesterday. He said that he would talk to David King, the president of the London Stock Exchange, and try to adjust our margin to the minimum. At present, we hold approximately 2361 contracts, copper prices also fell to around [-]."

Hearing that Lamont devoted himself to negotiating with the London Stock Exchange for the company's transaction costs, Shen Jiannan still felt quite satisfied.

Not to mention anything else, even if the money is put in the bank, there is a fixed income that can be earned. If it is used for lending, the income can be increased several times.

If the London Stock Exchange can provide the minimum margin, it will mean that the cash flow that Capital One will use will be smaller.

The money saved is all real money.

Flies are small, but they are also meat.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like