While drinking milk tea, Byron and Dunkewei were frothing at the mouth and kept boasting about some very complicated financial vocabulary. Li Lanlan, who was next to him, was stunned for a while, with little stars of adoration in his eyes.
To be honest, Li Yuan really doesn't understand these things. But he is a reborn person, so he is well-informed. He has never eaten pork, has he never seen a pig running?
Let’s just say that in my last life, I have learned many weird cases just for bragging on forums.
What does this Sumitomo Copper Incident count? What does last year’s collapse of Barings Bank count?
Those who play finance have no limits to their creativity and suicide. Can such a "small loss" compare to the later Enron incident? Can it compare to the subprime mortgage crisis?
There is even a historic "backward" in crude oil futures? Can you believe it?
More than 20 years later, the price of WTI light in New York in the United States fell below $10, then fell below $5 an hour later, and then fell below $1 an hour later, with the lowest transaction price during the period being $0.01 (1 cent). The contract was previously
The closing price on one trading day was US$18.27 per barrel, and in the past 24 hours, the maximum drop was close to 100%?
Unexpectedly, something even more bizarre is yet to come.
On the Chicago Exchange, exactly one hour later, the price of WTI crude oil for delivery appeared in the first "negative price transaction", and then it was unstoppable. After another two hours, WTI crude oil futures for delivery in May were at the last
There are still 2 hours left before the end of a trading day, and at this time, the contract has hit a shocking transaction price: -40.31 US dollars per barrel!
This means that if you buy the May contract of WTI at this time, you will be able to obtain Texas Light crude oil spot at a price of "a discount of $40 per barrel."
Did you see? Americans can still do this!
Due to the skyrocketing Texas oil inventory, with more than 15 million barrels added every week, inventory pressure is huge, and oil storage costs are also increasing significantly. Therefore, crude oil spot suppliers have been overwhelmed, and now they would rather lose money than dump the inventory. But who will
Serving as their counterparties? Obviously buyers who need spot goods immediately and have the ability to transport oil from the production area, such as oil refining companies.
Yes, the WTI crude oil futures market at this moment is no longer a futures market, but has completely become a spot auction for Texas light crude oil.
As a result, the oil futures contract was delivered at a "negative price". Such a dramatic change is unprecedented and will surely be recorded in the history of the oil futures market.
What's even more ridiculous is that the domestic oil futures funds were caught off guard and were directly killed by the Americans, and a large number of customers liquidated their positions.
When he said it, Li Yuan just felt it was ridiculous. Those fund managers were bragging all they could, but they couldn't even play with the domestic stock market futures? Who gave them the confidence to play with European and American financial giants? Is it possible?
Can you still get insider information from Wall Street?
And those leeks are even more pitiful, actually believing these people's lies again? I can only sigh - the growth rate of leeks is indeed amazing!
Of course, there are also many kinds of ghost tricks like this in China, and the imagination is wide open. For example: Jiangnan Leather Factory...Sister-in-law..., cough cough!
Therefore, Li Yuan did not believe even a word of what Byron and Dunkwei said, so he just ignored them!
…
"...Li, with Sumitomo Corporation temporarily suspending trading, the price of spot copper has dropped to an incredible level. Because there is a large amount of spot goods that need to be delivered, port fees and storage fees..."
When he heard the port fees and storage fees, Li Yuan's eyes lit up, it turned out to be this...
Just like the previous oil futures reversal incident. Let’s not mention the tricks played by the Americans behind the scenes. At the very least, it is also an issue of storage costs.
The crude oil is mined every day and the warehouses are full. Where else can it be discharged? You can't open a crude oil lake in the open? That's a joke.
Therefore, we would rather trade back and get rid of these spot stocks as soon as possible.
Back here, the principles are interoperable.
The mines are constantly being mined, and it is impossible to stop operations. What is even more frightening is that a large amount of spot copper has been shipped to the delivery location, and now the cargo ships are floating on the sea.
However, in ocean trade, the biggest expense is not the transportation cost, but the port entry fee and storage fee at the terminal.
The reason is very simple. There are only a few docks, are you allowed to occupy them all the time? It will definitely be very expensive. Even the transportation costs and seafarer costs are only a small amount of money.
By the way, maybe many laymen don't understand this truth. They also think that shipping flights are just like trains and long-distance buses, with one-stop pick-up and drop-off? So the ports along the way are similar, and even closer ports are cheaper.
Special reminder, this is completely wrong.
Just give me an example - Magic City!
If an ocean-going container ship has thousands of containers, it is impossible that those thousands of containers are all transported from overseas ports to Shanghai. Should we let the container ship be half empty? Or wait ten days and a half for the goods.
Are they all complete?
Of course this is impossible.
So the container ships were filled and shipped directly to the capital city. Here in the capital city, they were divided and transported. Several hundred containers were sent to Tokyo, several hundred to Incheon, several hundred to Hong Kong, several hundred to Tianjin, and several hundred more.
Only transported along the Yangtze River to the upper reaches of the city...
The remaining one thousand or so are staying at the destination of Magic City.
The container ship can be unloaded as quickly as possible, then filled with a whole ship of containers in Shanghai, and returned to the ship as soon as possible. This can save port fees and storage fees as much as possible.
And the reverse is also true. All the surrounding areas gather here in the magic city.
Did you find it? In the Far East, the Magic City is almost at the center. According to the radius, it can radiate to almost all important ports in the surrounding area.
This way you can save the most on ocean transportation costs!
And because of shipping, it was logical that many shipping companies settled in the city. With a large amount of money left in the city, it naturally became a financial center.
This chapter is not over yet, please click on the next page to continue reading! Therefore, the location of the Magic City is excellent, and the excellence is here. You can make money every day just lying down!
So after understanding this, you should know that the spot copper shipped now is in a very embarrassing dilemma.
No one wants it at all? And I don’t know how many days to stay. Instead, I have to pay daily port fees and storage fees.
This puts companies like JK Trading Co. in a difficult position.
…
Having said that, this is actually the case.
In the original historical line, due to the outbreak of the Sumitomo Copper Incident, a large number of related companies closed down one after another. Among them, this JK Trading Company should be... right?
Thinking of this, Li Yuan couldn't help but feel happy. Now he seems to be sitting firmly on Diaoyutai, right?
"Byron, no further introduction is needed." Li Yuan interrupted with a smile, "What ideas do you have now? Can you tell me?"
After hearing that there was something going on, Byron thought for a few seconds: "Li, Sumitomo Corporation sent out a message before - you have several companies in China that have a lot of demand. That's why Sumitomo keeps buying long positions. But the final result is indeed
There are several Chinese companies, but the demand is not that big. In the end, this very bad situation will occur. But... aren't you Chinese? You should also have Chinese companies in your hands, right?"
Li Yuan burst out laughing. So that's what it meant. Do you need to protect the market yourself?
To be honest, I'm not very interested.
Li Yuan smiled and declined: "Sorry, I'm not interested in futures trading. I personally don't engage in this kind of speculation."
It's really ridiculous. If you want to take advantage of the information gap to speculate? You should have done it long ago. Do you still have to wait until now?
"No, no." Dun Kewei quickly explained, "Li, you misunderstood us. We don't want to save everyone, what we need is a little bit of your help. In your name, the exchange
Only people will believe it. Of course, it also requires a little bit of your capital.”
Byron couldn't hold on anymore either. He simply said in plain language: "Li, the key is to help the JK family. As the representative of the family, I make a promise here that you will receive satisfactory returns, and our entire
Family friendship.”
"Huh? You and the JK family...?"
"Haha, I forgot to introduce myself. I am a member of the JK family. I am currently one of the heirs."
"Uh-huh."
Li Yuan was too lazy to listen to such nonsense. In his previous life, he had never heard of this broken family, let alone cared about the internal struggles within their family.
But since we have already met, we might as well listen to the terms! Li Yuan made a gesture, indicating to Byron to continue.
"Li, the specific operation can be left to us. It doesn't matter whether you want the spot copper. It can even be shipped to your port in China for delivery. But we hope that you can sign a long-term supply contract with our JK family and help us
Get through this difficult time…”
Listening half-heartedly to Byron's talk, I didn't miss a solution.
Commodities such as spot copper will not be damaged if stored. And domestic supply exceeds demand, so they can be opened for takeout.
This is nothing more than a problem of foreign exchange for soft currency. And the current international copper price is indeed too low. When the Sumitomo copper incident is settled, there will definitely be a rebound.
But...why? Are we familiar with each other?
Byron secretly observed what was happening, and he immediately understood that his offer was probably not enough. So he smiled and said, "Li, although our JK Trading Company has transferred its business overseas, we still have many resources in Hong Kong?"
"Huh?" Li Yuan became slightly interested, "Then what do you have?"
Anyway, Li Yuan doesn't mind tearing off a piece of meat from someone who has been taken advantage of and delivered to his door.
British-owned firms like this have exploited the hard-earned money of the people of Hong Kong without even knowing how much, so they might as well do something to help the people!
"Haha. Originally, we still reserved some real estate in Hong Kong, and we can leave them all to you..."
Byron continued to observe Li Yuan's expression. Nowadays, the real estate in Hong Kong can completely drive the locals crazy. He didn't believe that Li Yuan would not be moved.
Although that piece of real estate is relatively remote, it can't stop JK Commercial Bank from acquiring it early. The land it occupies is large enough?
However, Byron was disappointed. Li Yuan was even less interested in such real estate.
If it is redeveloped, it will take at least two or three years. And then hit the 1998 financial crisis?
Do you think Brother Yuan that I am stupid?
Besides, if you buy real estate now, wouldn’t it mean paying a sky-high price?
Finding that Li Yuan was unmoved, Byron and Dunkewei couldn't figure out what he was thinking.
"Li, you have to know, how many people are rushing to buy land in Hong Kong now? They are all holding it in their hands and will not sell it for takeout? Forgive me for being blunt, if it is not for the sake of our future friendship, our JK Commercial Bank will never do it.
Selling this high-quality asset?”
Li Yuan sneered in his heart, pull him down!
Aren't these British capitals in Hong Kong fleeing in victory after completely pushing up the real estate and stock markets? And they are still sharpening their knives, preparing for the final harvest of local assets?
Maybe the people of Hong Kong don't know, don't you British-funded commercial firms know? You have retreated from many distant colonies, and you have rich experience in this kind of dirty work. How can you still have "high-quality assets"?
Li Yuan interrupted with a smile: "Byron, if you have inquired in Hong Kong, you should be able to know that I am not very interested in real estate in Hong Kong. At present, even my Han Palace Bank has temporarily reduced its mortgage business."
"Oh?" Byron was surprised, "Can you tell me the reason?"
"It mainly involves cross-industry. I'm not that familiar with real estate." Li Yuan casually found a reason, "You should know my background. I am mainly interested in the high-tech industry, especially the computer IT industry.
.And my parallel stocks are currently in the lock-up period. The funds I have are not as much as you think. Haha."
Li Yuan will definitely not disclose his actual situation. Believe it or not! Screw your JK family.
Byron was surprised to find that Li Yuan was resolute: "Li, won't you consider it? You also have several listed companies in Hong Kong. And I heard that your wife is a well-known real estate family in Hong Kong?"
(⊙_⊙)
The speaker has no intention, the listener has intention.
Li Lanlan on the side suddenly heard this, and she was simply stunned. She glanced sideways at Li Yuan, the little girl's eyes were rolling around, and she didn't know what she was holding back.
Li Yuan didn't care about such "leakage". Anyway, he would know sooner or later, and his mother already knew it.
"Haha." Li Yuan continued to decline, "Sorry, because my wife's family is engaged in real estate, so we can't get involved in this industry. If I agree, I will offend my wife. Hahaha."
Amidst the laughter, Byron and Dunkwei were both stunned. If this was the reason, then there would be no way to continue persuading them. You can't ruin the relationship between Li Yuan and his wife, right?
Realizing that there was something cold, Harden finally couldn't help but interjected: "Lee, Byron, Dunkwei, you are all my friends, so I will venture to say - don't waste time and be honest with each other, right?"
Li Yuan smiled and nodded. He didn't want to beat around the bush anymore, so he simply opened the skylight and said frankly: "Byron, Dunkewei, how many things do you have in your hands? You can tell me all about it. Maybe I need it? I'll also tell you something about myself."
