Qin Hai pretended to be bitter and resentful, and struggled with Nagatomo Nagatsuki for a while. Finally, it seemed that he was forced to initial a letter of intent with the other party, confirming the details of the exchange of rare earths for steel.
The contents of the letter of intent include:
Chunshan Company is responsible for helping Daqin Group obtain US$1.5 billion in seller's credit in Japan, which is used to purchase steel from Nippon Steel and other companies. The FOB price of steel is no higher than the wholesale price of similar steel in the Japanese market;
Daqin Group promises to provide Spring Mountain Company with a series of products including dysprosium oxide, terbium oxide and other rare earth oxides every year in the next 10 years. The price shall not be higher than the current supply price agreed by both parties. If the market price is lower than the agreed price
In this case, the market price shall prevail;
Both parties are obliged to keep the contents of the agreement confidential and shall not disclose the commercial secrets involved to unrelated parties.
After receiving the letter of intent signed and sealed by Qin Hai, a smile broke out on Nagatomo Nagaji's face. Although the price of rare earth products stipulated in the agreement was more than ten times higher than a few months ago, it was still lower than the price originally expected by Chunshan Company.
After a long time, Nagatomo Nagaji was finally able to explain to the company.
The most important thing is that he got a 10-year supply contract, which means that Daqin Group can no longer interfere with Chunshan Company's production by raising prices, limiting production, etc., and Chunshan Company can continue to improve Dysprosium leisurely.
The performance of terbium-iron alloy occupies the high-end market of this new type of permanent magnet material.
As for contacting the seller's credit for Daqin Group, Nagatomo Nagaji is not worried at all, because this matter will not harm Japan's national interests or corporate interests. He believes that with the energy of Chunshan Company, it can be completed.
.
US$1.5 billion in seller's credit is not a huge number if it is spread across several banks. Daqin Group owns a series of industries such as steel, ceramics, rare earths, etc. It is large in scale and has enough credit to allow various Japanese banks to
Willing to lend money.
Qin Hai's face didn't look as good-looking as Nagatomo Nagaji's. It seemed that he had suffered a big loss on the price of rare earths, but there was nothing he could do about it. However, after sending Nagatomo Nagaji and Hirano Sadao's party away, Qin Hai stood
At the door of the office, the corners of his tight mouth finally opened and he laughed silently.
"Mr. Qin, these two Japanese are very happy. They didn't notice the trap you set for them at all." Su Yabo stood next to Qin Hai, watching the two Japanese taxis go away, and smiled at Qin Hai.
Hai said. He could tell that Qin Hai was in a very good mood. If he didn't compliment the leader now, then why not?
"Xiao Su, don't talk nonsense. We and Chunshan Company are friendly partners, how can we say it's a trap?" Qin Hai corrected Su Yabo's statement with a smile.
Su Yabo quickly said: "Yes, yes. We signed this letter of intent with them for the purpose of friendly cooperation. Our Daqin Group has made a lot of sacrifices for this."
"Well, you need to say these words to the employees in the office over and over again until even you yourself are convinced." Qin Hai explained.
"I am convinced now." Su Yabo smiled.
Compared with Nagatomo Nagatsuki's blind optimism, Qin Hai was the one who had the last laugh. Being able to exchange such a letter of intent for a seller's credit provided by Japan and then obtain 5 million tons of imported steel was a great success for Daqin Group.
This is a business that is sure to make money without losing money, and the profits are astonishingly high. How could Qin Hai not be happy?
Due to the speculation secretly planned by Sun Zhenjiang, Pittston and others, the price of steel in China's domestic market has climbed to nearly 3,000 yuan per ton, which is equivalent to more than 500 US dollars based on the current exchange rate. And in the Japanese market
The price of steel is less than US$350. Even if freight and other expenses are included, the price difference between each ton of steel and the domestic market is more than US$100. Five million tons means a profit margin of US$500 million.
Qin Hai imported these steel materials and forced Sun Zhenjiang and other speculators to eat them. It not only solved the dilemma of the State Planning Commission, but also made profits for himself. Such a good thing. Why not do it?
As for the 10-year supply of rare earths to Chunshan Company, this is what Daqin Group originally wanted to do. No matter how precious the rare earths are, it is impossible to completely hold them in hand and not sell them. The international market is about mutual benefit and control.
If resources are not provided to the international market, it will easily attract criticism.
In terms of price, the price of dysprosium oxide at US$250 per kilogram has actually reached its peak, and Qin Hai has no intention of continuing to increase the price. The scientific research team led by Sun Yuzhi has made a breakthrough in the research of new rare earth permanent magnet materials. Spring Mountain Company
The treasured dysprosium-terbium ferroalloy will soon become obsolete technology. By then, the demand for dysprosium oxide and terbium oxide will plummet, and prices will also plummet. Qin Hai has now agreed to the conditions of Chunshan Company, and then it will be
become some worthless terms.
Regarding these details, Qin Hai did not tell Su Yabo clearly. He just told Su Yabo to actively cooperate with him and sing a double act for the Japanese. Su Yabo did this and knew that there must be a mystery in it. As for what Qin Hai did
Su Yabo couldn't figure out who was plotting against the Japanese. Of course, he was very smart not to ask about it. If the leader doesn't want you to know something, even if you know it, you have to pretend to be stupid.
In an era before the Internet was popularized, the spread of information was very slow, and the scope of spread was extremely limited. The transaction between Daqin Group and Spring Mountain Company regarding the exchange of rare earths for steel did not attract any attention in the country due to Qin Hai's deliberate concealment.
In the State Planning Commission, only Wang Hongsheng and a few senior leaders knew about this matter, and they kept this secret very carefully. At various meetings related to the steel market, all leaders kept silent about Daqin Group.
On the contrary, everyone showed worried faces, as if the steel problem was almost unsustainable.
"Everyone, let me tell you some good news. According to information provided by insiders, 70% of the steel reserves in the hands of the Planning Commission have been consumed. The remaining steel belongs to the country's strategic reserves and will not be put on the market easily. We expect
, the Planning Commission can provide up to 1 million tons of steel to rescue the market. When these 1 million tons of steel are used up, the price on the market will be completely decided by us."
In the living room of the villa on the outskirts of Beijing, Sun Zhenjiang proudly announced to the friends who came for the meeting.
"That's great, the longing has come to an end!" Liang Chaohui took a long breath and said with emotion.
"Liang Zi, don't be discouraged, you have to keep up your efforts, you know?" Sun Zhenjiang said.
"It's not easy for me to survive until now!" Liang Zhaohui complained, "Do you know how many banks I've gone to? The bank presidents in some provinces can't get many loans, and they're very arrogant.
, in order to take them down, my legs were so thin that I drank at least a dozen times in the past two months."
"Haha, Liang Zi is tired." Sun Zhenjiang patted Liang Chaohui on the shoulder and said, "Liang Zi, don't worry, the hard work you have put in will be rewarded soon. When the steel price rises to 4,500, the money you loaned out will
Your money will double immediately, and once you pay back the loan, all those rubes will drool at you."
"Zhenjiang, the price of steel is only 3200 per ton now. Why do you think it can rise to 4500? I think we should accept it when it is good. If it reaches 3800 or 3900, we can sell it. Whoever is stupid is willing to take over, just let it go.
Let them take it." Ling Yiping, the dealer, suggested. He is good at buying and selling, and is very sensitive to price changes.
Sun Zhenjiang shook his head and said:
"Yiping, you have to know that this is China's last price reform, and we will never encounter such a good opportunity again. If we don't make enough this time, we will regret it in the future. Let me tell you, at the time the national plan
The committee had been patting themselves on the back and said it could control the price of steel within 2,500. As a result, it has now risen to 3,200. It is said that the chief director of the planning committee has been reprimanded by the superiors several times.
You think, in this case, why didn’t the Planning Commission lower the prices? Instead, they would rather be punished by the superiors?”
"Are they afraid they can't suppress it?" Guo Kaining guessed, "With the behavior of the officials in our country, if they can do something, they will never wait to be punished by the superiors. Zhenjiang, you said last time,
The price issue is a political task. If the Planning Commission has the ability to keep prices down, how dare it let it go like this."
Sun Zhenjiang laughed: "Kaining has been in the ministry for several years, and he is indeed extraordinary. He revealed the secret in one sentence. Yes, in my opinion, and of course, in Pittston's opinion, the State Planning Commission has already
It's because Qian Donkey has run out of skills and has no ability to control the price of steel, so the price has risen to 3,200.
Now the Planning Commission is still thinking of selling off reserves to lower prices, but they have very few reserves left. At this time, as long as we can work harder and eat up the goods thrown out by the Planning Commission, those
Units that are in a hurry to use steel will have no choice but to buy high-priced steel on the black market. By then, let alone 4,500, the price may reach 5,000 or 6,000."
"But I can no longer get the money." Liang Zhaohui quickly declared, "I have borrowed money from all the banks that can get the loan. Now there are four or five bank presidents chasing me to pay back the money. I
I don’t even dare to answer their calls. Now if the Planning Commission releases goods, we can only count on your brothers."
"I've also run out of money. If I don't sell the steel, I won't even be able to pay the rent for the warehouse."
"You can still afford to rent a warehouse. I have a batch of goods still in the train car. I can't even find a place to unload the goods."
"Yeah, if we delay it any longer, we really can't hold it in any longer. We also have to pay interest for loans from banks. If we delay it for one day, it will cost tens of thousands."
The dudes are all complaining, which is somewhat artificial, but most of it is true. Now they are riding a tiger, and it depends on how the next step will develop. (To be continued...)