Chapter 840 Glencore Starts to Act
Chapter 840 Glencore starts to act
Yang Chen asked Jin Zhina to continue releasing 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 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 keep a little back. In case, I mean in case, the price of nickel really continues to rise, what should we do? Theoretically speaking, as long as we The futures market opens a contract for hedging, which can definitely guarantee no loss. Either the futures market makes money, and the real thing loses money; or the futures market loses money, and the real thing makes money. Theoretically, the money lost is the same as the money earned. No win or loss after hedging. 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 cannot 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 this billions of dollars? 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, those rich people have done things that ordinary people have not done.
If everyone can think of something, it is absolutely impossible to create huge wealth.
Jin Zhina: "That's fine. Do whatever the boss says. Then I will release 1 million tons now?"
Yang Chen nodded, and said: "Yes, sell 1 million tons of empty orders. If Glencore still dares to buy 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 the 1 million tons of empty orders.
But since she followed Yang Chen,
Never seen him miss.
So, he did what he said, and waited to see the result.
At this time, the Swiss Glencore headquarters exploded.
There was an empty order for 1 million tons of electrolytic nickel in the Lundun trading market again, and it was known without checking that it should be an empty order issued by Yang Chen's Xingchen Import and Export Trading Company.
This made them confused, whether Yang Chen was really stupid or confident, why did he dare to release an empty order?
It doesn't matter, anyway, as long as it is an empty order released by Yang Chen, you can eat as much as you have.
Soon, the 1 million tons of empty orders issued by Jin Zhina were swept away again.
In this way, all the 2 million tons of electrolytic nickel that Yang Chen just bought was released.
Calculated 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. Based on the 8% margin ratio, Glencore will have to invest 3.36 billion meters of gold at one time.
If the subsequent price fluctuates, they may continue to call for margin.
Similarly, Yang Chen's side is the same, and they have to provide such a large amount of security deposit.
If the subsequent price continues to rise, he has to keep replenishing the margin, otherwise he will be forced to close his position by the trading market.
A classic showdown in the nickel futures market is about to take place.
After Glencore took Yang Chen's empty order of 1 million tons 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, so they must act as soon as possible.
There are two main means to increase the price of nickel.
First, reduce global nickel production.
Second, buying a large amount of nickel on the market will lead to a shortage of supply and a rise 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 the 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 it is only the daily output, not the total output and inventory.
However, the daily output is enough to make a fuss about.
As long as the daily output is significantly reduced, within a few days, there will be an obvious reaction in the market.
Glencore has four plans.
First, directly shut down the nickel mines under its control, and announced a price increase to 50,000 meters of gold per ton.
Second, discuss 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 per ton.
As compensation, Glencore will increase the purchase price to make up for the loss of nickel mines in the past month.
Thirdly, it is reported that Glencore urgently needs a large amount of electrolytic nickel, and the price can reach up to 50,000 meters of gold per ton.
Fourth, President Luis Bartruz directly contacted Zhang Qingshan, Chairman of Tsingshan Group, to seek cooperation.
The first and second plans are obviously aimed at reducing the output of nickel. If the output is reduced, the supply in the market will exceed the demand, 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 gold/ton to 50,000 meters gold/ton.
The fucking increase is not even a star, it's more than doubled.
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 the news that it will buy electrolytic nickel at a price of up to 50,000 meters of gold per ton, but in fact they will not actually buy it.
They will only delay time. After all, there have been many rounds of back and forth negotiations on commodities, and a month will pass quickly.
As long as they delay the past one month, they can terminate the acquisition plan for any reason.
The fourth plan, obviously Glencore wants to join hands with Tsingshan Group for this round.
As long as the two join forces, they will have the final say on global nickel production and prices.
Luis Bartruz got on the phone with Zhang Qingshan.
A few years ago, Tsingshan Company was sniped by Glencore and lost billions of dollars.
It can be said that Zhang Qingshan hated Glencore to the bone, and he didn't want to deal with them in his life.
So, when you feel that Louis Bartrus wants to talk to him, he wants to refuse.
But then he thought again, could he earn back the billions he lost that year?
Louis Bartruz called at this time, and Zhang Qingshan guessed what he wanted to do.
If you want Qingshan Group to help, how can you not get some benefits?
Therefore, Zhang Qingshan connected the phone.
Louis Bartruz: "Haha...Mr. Zhang, how are you doing?"
Zhang Qingshan: "Hehe...Thanks to Mr. Bartruz's blessings, I eat well and sleep soundly now, not to mention how wonderful it is."
Louis Bartruz: "Haha... That's good. I was worried that Mr. Zhang would lose his 1 billion gold to us, and he would not think about food or sleep. Hearing you say everything is fine, I I'm really happy. I wanted to apologize to you, but it seems unnecessary."
Zhang Qingshan secretly scolded Louis Batrus for nothing, but he still asked politely: "Okay, stop talking nonsense, just talk about it if you have something to say. Our time is precious, don't waste it."