Chapter 858: Want to Make Peace with Yang Chen
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If it is said that factors such as increasing production and suppressing a few are external factors, it is still possible to forcibly reverse the situation with large funds.
However, the increase of the margin ratio by the exchange is an internal factor of the transaction, and it cannot be solved by money at all.
Originally, 8 yuan could be used as 100 yuan, but now it takes 20 yuan to be used as 100 yuan. This will inevitably lead to an increase in transaction costs, which will lead to a sharp drop in the market.
At this time, the Lundun Exchange was still closed, and Da Xia was in working hours.
Many financial big Vs made videos again, or posted Weibo to express their views.
For example, Cai Wanzi, who has done storytelling before, released a new video commenting on the battle between Yang Chen and Glencore.
"My family, the nickel market has changed a lot! Seeing that the delivery day is coming, everyone thinks that Boss Yang will be massacred by foreign capital this time. But at this critical moment, the situation turned around. Including us in Daxia Several major nickel-producing countries in China issued announcements almost at the same time, announcing the release of nickel stocks to stabilize nickel market prices. At the same time, countries also announced to increase nickel production immediately. Everyone understands an economic common sense that the more supply, the lower the price. Therefore Yeah, the price of nickel fell immediately. Glencore and other giants saw that the situation was wrong, and quickly mobilized real money to eat empty orders and force the price back. However, at this time, our country is united with the United States, island countries and other coastal countries China and other countries have jointly released the discovery that a large amount of iron-manganese nodule minerals have been found in offshore mineable areas. The nickel content in this mineral is as high as 17%. Once mined, the daily nickel production is enough for the normal use of the world for a year. This means that What is it? It means that nickel is worthless all of a sudden, and it’s a bad street. Now the nickel futures price can’t hold back anymore, and it’s going straight down. The margin ratio for nickel has been increased from 8% to 20%. This regulation will directly kill the giants such as Glencore. I have to say that Boss Yang is really powerful, and this counterattack is really beautiful. So here comes the question, how much money will Boss Yang make this time?"
For another example, the finance and economics David "Pingmin Finance" who posted video reviews before also posted a new video reviewing this case.
"My family, it's reversed, it's reversed! In the past twenty days, the news that the international giant Glencore teamed up with many Wall Street giants to hunt down Boss Yang has not stopped. Seeing that the delivery day is coming, everyone thought that When Boss Yang is about to lose three years of profits this time, hey, the situation has reversed? First, the main nickel-producing countries announced to release stocks to increase production, and then many countries announced that the seabed nickel content has reached 17% of iron-manganese nodule minerals , and finally it was the turn of the exchange to increase the margin ratio from 8% to 20%, and every news was severely suppressing the price of nickel. At first, giants such as Glencore mobilized funds to prepare for the last few trading days. But I did not expect Ah, the increase in the margin ratio system of the Lundun Exchange has directly become the last straw that crushes the price of nickel. The nickel price will definitely fall to 20,000 meters gold per ton at the opening of the market tomorrow, and Boss Yang has lost more than 100 billion meters of gold from a huge loss. To start making money, from being hunted to being killed, this process can become a classic case in the futures market. How about Boss Yang becoming a rich man earning more than one billion a day? From his perspective, courage, and financial resources, This manpower, which one is not the best in the world? As long as there is one almost meaning, he can't complete the counter-kill. We laugh at Boss Yang being hunted down, and Boss Yang laughs at us being stupid."
...
The penultimate trading day has come, and the price of nickel fell into the 20,000-meter gold mark as everyone expected.
And because there are too many empty orders sold, giants such as Glencore are afraid to continue to spend money in buying empty orders to raise prices.
Of course, they have invested a total of 260 billion meters of gold, which has exhausted most of the working capital available in their current accounts.
If they continue to mobilize funds to force the price up,
Firstly, they don't have so much money, and secondly, they don't have enough time, so they can only choose to lie flat and watch the nickel price continue to fall.
As of the close, the nickel price finally closed at 19,000 meters gold/ton.
There is still the last trading day left. According to the current trend, it is certain that it will fall to around 10,000 meters.
If this is the case, the giants such as Glencore will lose 90% of the losses this time, and the 260 billion meters they invested in Jinjin alone will have a book loss of 234 billion.
This is not counting the shady money they bought in order to suppress the price.
In a word, as long as the price falls to 10,000 meters of gold per ton on the last trading day, giants such as Glencore will lose nearly 240 billion meters of gold.
Even though they are all international giants, they can't afford to lose so much money all at once.
After all, the losses in the futures market are real money, not false equity.
Glencore and other giants finally couldn't stand it anymore, and hurriedly held a meeting to study countermeasures.
There was only one road and one path before them now.
"Dalu" immediately borrowed enough money from banks and other institutions, and opened the market tomorrow to pull the price back.
As long as this method is successful, they will not lose money.
But the success rate of this method is very low.
After all, everyone is now bearish, and as many short positions as they eat, new short positions will be filled in. No matter how much they borrow, how can they fight against global investors?
"Xiaolu" was discussing with Yang Chen that the contract between the two parties should be voided, so that they would lose a little less.
If the margin part is lost, it will be a loss, mainly because they will lose less when they make the delivery with Yang Chen.
After some discussion, they decided to talk to Yang Chen.
Louis Bartruz quickly called Zhang Qingshan.
Zhang Qingshan was already ready, he quickly connected the phone, and immediately complained: "Mr. Bartruth, help me! I believe in your strength, and I follow you to do more. As a result, my own father doesn't even know the price of nickel now. I lost more than 5 billion meters of gold all at once. The fee you gave me is not enough to make up for my loss."
Luis Bartruz was speechless, Zhang Qingshan complained to him before he could speak.
Louis Bartruz hurriedly replied: "Mr. Zhang, we will talk about these things later, please make an appointment with Yang Chen for me, I want to have a video conference with him. Is that okay?"
Zhang Qingshan asked knowingly: "Talk to Yang Chen? What are you talking to him about? He won't talk to you, so you should give up this idea."
Luis Bartruz: "How do you know he doesn't want to talk to me?"
Zhang Qingshan: "Because I am a partner with him. How do you think I know he doesn't want to talk to you?"
Louis Bartrus was stunned, unable to react for a while.
After a few seconds, he asked in surprise, "What do you mean? Are you partners?"
Zhang Qingshan: "That's right. Do you think you are plotting against him? In fact, your every move is within his calculations. He deliberately asked you to find ways to increase the price, and then in order to maintain the price, you will definitely invest a lot of money to buy short positions." In this way, you can lock up your high position. He calculated that the international situation will ease, and the major nickel-producing countries will increase their supply. He even predicted the discovery of new sea mines. He will wait for you to take over the high position, and then let all countries Announcing the news at the same time, you are all locked up in an instant. People all over the world think that the price of nickel will fall, and it is impossible for you to pull back the price even if you take out all your assets. After all, no matter how powerful you are, it is impossible to fight against global investors. .Right?"
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