Rebirth 76: Industrial Internet Empire

"Heping, why are you here? You didn't even say a word so I could pick you up at the airport!" Guo Kexin felt an indescribable surprise in her heart when she saw Li Heping walking in.

Li Heping chuckled and said, "What? You don't welcome me here?"

"Heping, please stop trying to push me. Did Yang Mo ask you to come? What did he say?" Guo Kexin asked with a worried look.

"Kexin, don't have any psychological baggage. Although Zhiyuan Group is the largest electrolytic copper manufacturer, from the perspective of the interests of the entire group, stable copper prices are the most beneficial to us!" Li Heping comforted.

"I couldn't hold myself back for a while, watching the price of copper futures rising all the way. I couldn't help but place additional short orders to dilute the cost. All of a sudden, I accumulated more than 25000 short orders. It was all my rashness that caused the rise in copper prices. , not only did we get nothing, but we also increased the raw material costs of downstream companies!" Guo Kexin said with some frustration.

Guo Kexin actually knows better than anyone else that opening a short hedging order of about 15-20 tons and selling the remaining production capacity of the Escondida Copper Mine through the futures market is the best way to remain invincible. , as the helm of such a large capital company, you need to stay calm at all times!

"Kexin, you are lucky this time. You are just in time to catch up with the mass production of our two newly developed copper mines. As long as we get a buffer time of 6-8 months, we will have enough electrolytic copper for physical delivery!" Li Heping said calmly.

"Are you telling the truth? Can we kill Binzhong Tainan?" Guo Kexin said with a look of joy on her face.

"Then why do you think I came so far? I came here just to see you?" Li Heping joked.

"Tell me, do you have any specific plans?" Guo Kexin asked excitedly.

"How are your positions? What is the average holding cost? Short-term contracts must be disposed of quickly. Can you move positions at a discount?" Li Heping said.

"We have very few short-term contracts in the three-month period, maybe only 2000 lots, about 5 tons. Moving positions at a discount should not be a big problem, because there are nearly 5000 lots of positions at around US$2250. Even after continuous cover-up and dilution, the current position cost It’s also around US$2630! The position has reached 60 tons!” Guo Kexin said with some frustration.

November 1994, 11, London Metal Exchange.

After a year-long unilateral rise, Lun Copper broke through the $3000 mark at a record high. This is a day worthy of being recorded in history.

Unlike the Chicago Exchange, the Lun Copper 03 futures contract is a continuous contract and can be delivered every day.

As one of the senior member brokerage companies of the London Stock Exchange, HSBC offered a discount of US$48 for spot copper, which is a very attractive listing price.

Even though Lun Copper has become a one-sided multi-party market, the discount of US$48 has attracted many investors, who agreed to extend the delivery of the Lun Copper 03 contract for three months.

Guo Kexin was like a gambler who lost a bet. He suddenly applied for a discount transfer for all 2000 03 contracts held by Zongheng Capital.

Even ordinary investors can see that Guo Kexin's gambler mentality will only allow Zongheng Capital to continue to expand its losses until it loses everything!

Of course, Hamanaka Tainan would not let go of the opportunity to continue to hunt Zongheng Capital, and happily accepted all the short transfer orders at a discount!

Guo Kexin's gambling-style transaction has greatly increased the confidence of many parties led by Binzhong Tainan. Even the affiliated capital companies of Zhiyuan Group are now unable to produce electrolytic copper for delivery. It seems that he has a winning chance.

Different from the confident Yasuo Hamaka, Sumitomo Corporation President Tomi Akiyama always felt that something was wrong!

Tomi Akiyama pondered for a moment and then frowned and said: "Hamanaka-san, Zhiyuan Group is the holder of the Escondida Copper Mine, the world's largest copper mine. It is impossible that they cannot provide 5 tons of electrolytic copper for physical delivery. Why would you rather What about losing more than 200 million US dollars and transferring positions at a discount?"

Hamanaka Tainan said disapprovingly: "As far as I know, during the sharp rise in copper prices this year, Escondida Copper Mine signed supply contracts with many Chinese companies and has released most of its production capacity. Now they can't get it at all. Deliver [-] tons of electrolytic copper for physical delivery!”

"Hamanaka-san, you should not be careless! Zhiyuan Group rarely fails in the capital market, and they have enough strength to compete with Sumitomo!" Tomi Akiyama said with a solemn expression.

"Don't worry, Mr. President, I can guarantee that Zongheng Capital won't be able to produce even [-] tons of electrolytic copper on the delivery day!" Binzhong Tainan said sadly.

"Oh? How do you say this?" Qiu Shanfu asked with interest.

Hamanaka Yasuo came forward and whispered something into Akiyama Fu's ear.

After the two whispered for a long time, Akiyama Tomi showed a look of approval on his face and said: "Hey, Hamanaka-san, please! After the success of this plan, the company will definitely give you a big reward!"

After the Lun Copper 06 futures contract hit the US$3000 mark, Qianhai Asset Management-related accounts began to build positions against the trend.

The market is still showing a one-sided trend, and the confident Tainan Hamanaka takes on all the newly opened short orders without hesitation!

Li Heping did not have too much entanglement with Binzhong Tainan. He just opened 06, 09, and 012 short orders at his own pace. In order not to alert others, almost every short order was controlled under 50 lots. Occasionally, one or two would pop up. Place a short order of 100 lots.

It took Li Heping more than half a month to complete the basic position building. He sold 3000 short orders between 3070 and 30000 US dollars. Adding the short orders in Guo Kexin's hands, the net short position was close to 150 million tons.

HSBC Bank headquarters.

"Mr. Jonathan, you can announce the certification news of the Sicomine and Kamoakakula copper mines!" Li Heping said with a smile.

"In the past half month, the trading volume has continued to increase. Qianhai Asset Management should have completed the position building, right? According to the news we have received, this madman Binzhong Tainan already holds a long position of more than 200 million tons!" Jonathan Shen said the voice.

"Haha, Sumitomo Trading Company holds at least 220 million tons of long positions. During this period, there are several mysterious accounts competing with us for chips. Mr. Jonathan doesn't know about it, right?" Li Heping said meaningfully.

"What else is there? HSBC will definitely not do anything that violates regulations!" Jonathan and Li Heping looked at each other and smiled tacitly.

12 month 10 day.

The London Metal Exchange issued an announcement: The electrolytic copper produced by the Kamoa Kakula Copper Mine, the largest copper mine in the Democratic Republic of the Congo, has officially passed the certification of the London Stock Exchange and can be delivered as physical delivery of LME copper!