Chapter 974 One hundred and thirty thousand tons of copper
August 2004.
The weather in Hong Kong City is extremely hot. Su Yehao stays at home and doesn't go out unless he can.
The flowers and plants in the yard need to be watered every day, especially the bonsais bought at a high price, which have long been temporarily moved to the garage to prevent them from hanging up again.
Last time, there was an expensive island podocarpus, which had been specially treated and made into large amber. It is now placed as a decoration in Su Yehao's small castle.
Maybe it's like insect amber from the dinosaur era, and it may still exist hundreds of millions of years later.
Thinking about it this way, his guilt about the island podocarpus tree will be reduced a lot.
Refer to a certain classic saying - although the tree is dead, it has become more valuable now and has now been sublimated into a work of art.
If Su Yehao personally helped to promote it and borrowed the reputation of some modern art masters, such as Jeff Koons, who had worked with him and stuffed a lot of stainless steel crafts into his collection room, he might have a chance to sell the tree amber.
Millions of dollars or even more, after all, the dead tree is beautiful and eye-catching.
Su Yehao is experienced in the field of art speculation.
The total value of the two stainless steel balloon dogs in his hand has exceeded US$15 million. It has only been a few years since he bought them, and there is still room for appreciation in the future.
The hot summer days make people feel hot and dry.
In the afternoon of August 10th, Su Yehao took a lunch break until about two o'clock and just got up and brushed his teeth.
He unexpectedly received a call from Zhuang Wei's assistant, only to hear the other person hesitate and report: "Boss, a trader in charge of futures investment made some mistakes at work, and the problem is a little serious."
After hearing these words, Su Yehao was stunned, added some hot water to his tea cup, and asked: "It's a loss, right? How much is the total loss?"
"...It's a little more troublesome than that. This trader will help you buy 130,000 tons of copper."
"???"
Assistant Zhuang Wei spoke weakly and added:
"It's the kind of physical delivery. He was short on copper prices before, but was later forced into a position and lost more than 30 million U.S. dollars. Because he was worried about being scolded by his boss, he quietly decided to postpone it until the delivery day. The dust settled yesterday, and I just talked to him today.
The supervisor reported the news. He said that instead of admitting defeat and closing the position and leaving, it is better to bet that the market will suddenly lose 130,000 tons of copper. The copper price can continue to rise, and at least the loss will not be that much."
"..."
Su Yehao rarely plays futures, but he has heard about this kind of hedging operation.
After thinking for a moment.
He said to Assistant Zhuang Wei:
"Although that guy is nothing and has a heavy gambler's mentality, I admit that his words make some sense. Since you can't beat the bulls, you should take advantage of the trend and join the bull camp. Anyway, copper is a hard currency. I think there is a lot of interest in the mainland market.
Its demand will gradually increase, and the investment prospects are there."
Assistant Zhuang Wei asked on the phone: "I took a look and found that the total loss was just over US$36.49 million. If we really choose physical delivery, there will be no problem with the funds. In addition, there will be some transportation, warehousing and other expenses.
,Boss, what do you think we should do?"
Su Yehao had a headache, scratched his head and asked: "Where is this batch of copper now? Let someone write a report to clearly explain the cause and effect of the whole thing. I will see it before I get off work today."
"For warehouse receipts on the London Metal Exchange, the exchange's physical delivery volume only accounts for a small part of the total trading volume, and most of them will not be physically traded. The quantity of this batch of goods is a bit large, and it is mainly scattered in designated places in Singapore and the United States.
In the warehouse, there are several companies such as C.Steinweg, Metro, and Henry Bath, and I can send the documents to your mailbox now."
Assistant Zhuang Wei believes that this matter is a bit serious, mainly due to the illegal operations of traders.
As for the loss itself, it is not too serious. Since this year, the family office has helped Su Yehao manage his finances, and the total income has exceeded 800 million US dollars. It has been long on Nasdaq, long on the Hong Kong Stock Exchange, long on crude oil futures, etc., and has made huge profits.
.
Since it is financial management, it is also a high-risk type. There are profitable projects, and of course there are also money-losing projects. Therefore, Assistant Zhuang Wei wondered what the trader was thinking and chose physical delivery just to get angry.
She hesitated for two or three seconds and then asked:
"I checked the record of that trader. He has been with our company for two years and three months. During this period, the rate of return was very good. He switched jobs from Morgan Stanley before. What is the boss going to do with him?"
Su Yehao was a little confused.
A disobedient guy like this should be fired directly to serve as a warning to others.
However, since the other party is decisive enough to choose physical delivery, it seems to indicate that he has independent opinions and ideas, and must have the ability, maybe he is a talent.
After being in a dilemma for a moment, he finally relaxed and said to Zhuang Wei:
"Well, let him write the report himself, which gives him a chance to explain. When the case is decided, there will be a trial. I want to know what he thinks of the whole thing."
Assistant Zhuang Wei's position is quite high. She is nominally Su Yehao's assistant. In fact, she has the right to intervene in most matters in the family office.
After hearing what Su Yehao said.
Zhuang Wei guessed that there might be a turn for the better, it mainly depends on what he, the boss, thinks, and replied calmly:
"Okay, I understand. I guess that guy has packed up his personal belongings and is about to leave. I asked his boss to call him back. Do you want to transport that batch of physical copper to the mainland? I just heard you mentioned that the demand in the mainland is huge.
"
More than 100,000 tons of stuff is not a small cross-border express delivery.
Su Yehao didn't dare to make a decision easily. He thought for a while and said, "Let's wait until I understand it clearly. It won't go bad anyway. At worst, I will have to pay some storage fees. How much is the copper price per ton recently? Since the short-selling failed, how high will the increase be this year?"
"...Boss, please wait a moment. I'll go ask first and call you back later. This is not a project that I am personally responsible for."
"Oh, forget it, I'll look it up online now, you don't have to ask for me."
After speaking, add a few words.
After Su Yehao hung up the phone, he went straight to the study and turned on the computer.
It is already 2004, and survey data is much more convenient than in previous years. The Athens Olympics is about to start, and there are only four years left until the BJ Olympics. The world is no longer so... retro.
Especially in the mainland, changes have been huge.
There are people who have been in prison for more than ten years before being released. When they saw the Internet cafe, they were dumbfounded and asked them how they could rent a TV set. They were out of touch with the times and made a lot of jokes.
Elderly people, middle-aged people and young people also have very different lifestyles.
The generation gap between different age groups is far greater than in other eras in history, and the information age is developing particularly rapidly.
After checking financial data websites, I found that the LME copper price is US$2,485 per ton, and one hand of copper is 25 tons.
After finding the online calculator and clicking on it, he found that the total amount was only over US$323 million. This made Su Yehao breathe a sigh of relief. Whether it was a temporary loan from the bank or paying out of his own pocket, there was no pressure on him.
Just over $300 million in copper.
With the speed of infrastructure construction in the Mainland, it will be digested in a short time, and it won’t make much of a splash...