Chapter 859: Sumitomo Corporation's Warning (1st Update)
Sidmond Warburg smiled, not believing Jacob Rothschild's words.
Everyone is a thousand-year-old fox, and it's not interesting to talk about fasting again.
He was well aware of Jacob Rothschild's nature, and that beneath his kind exterior was a face that was even more greedy than he was.
If there was absolute certainty, Jacob Rothschild would have done it a long time ago, and now it is too abnormal to even divide the benefits of shorting the islanders and let him come forward.
However, the funds for shorting were provided by the Rothschild family anyway. There will be no risk for S. Huabao's company, he will just take the money to do the work, and it would be great if he could find out the truth later.
"Sidmunger, I think the pressure is still a bit bit bit bit at the moment, and you need to use more skill to try to get more profits, and efficiency is also very important. ā
Jacob Rothschild made a personal suggestion.
When he came, he also paid special attention to the situation of the whole market, the situation of the Bank of Bahrain is not good, it is not able to withstand the bulls' offensive at all, according to the news that Barit Bahrain has expressed dissatisfaction, but because he has fallen into it, he is still struggling.
Jacob Rothschild can only start from Sumitomo Trading's side, forcing it to withdraw from the bull camp and make a fortune while temporarily decompressing the Bank of Bahrain.
Therefore, in the three futures such as LME nickel futures, the greater the loss of Sumitomo Corporation, the better it is for him.
Sidmond Warburg glanced at Jacob Rothschild with a slight frown, and then smiled: "No problem, I will leave an unforgettable memory for the people of the island." ā
"Do you want to check it out?"
"Of course ......"
......
Under the personal control of two of the world's top financial tycoons, the price of three futures such as LME nickel futures has accelerated again, which caught Sumitomo Trading Company off guard.
Yanagawa Shuto can only deal with it passively, but he keeps struggling, not wanting to let GĀ· S. Huabao Company played a rhythm, so as not to dare to enter the long market easily after the formation of the general trend.
However, the first hand has been lost, and the capital is not as good as others, so it is too difficult to struggle.
At the close of trading the next morning, the price of LME nickel futures had fallen to $7,745 per ton, which was relatively close to GĀ· S. Huabao Company's original $7,500/ton warehouse line.
But GĀ· S. Huabao has built too many positions and has been disrupting the situation, although there have been institutions to buy LME futures contracts, but many have been GĀ· S. Huabao Company took it, and Sumitomo Trading Company did not flee at all.
Not only that, but at about half past ten in the morning, GĀ· S. Huabao does not seem to be satisfied with this profit, and once again sharply adjusted its position, from $7,500/ton to $6,500/ton.
During the lunch break, Shuto Yanagawa called a meeting of the managers of each trading team in the department to report on the situation of their respective teams.
After a round of debriefing, the atmosphere in the conference room became very heavy.
LME aluminum futures and LME copper futures are okay, and there are floating profits at present.
However, the three teams of LME nickel futures, LME zinc futures, and LME lead futures are not optimistic.
Among them, the largest floating loss was the LME nickel futures team, with a floating loss of $48.7 million.
The second is the LME zinc futures team, with a floating loss of $29.2 million.
The l.m.M. lead futures team had a floating loss of $21.3 million.
The three teams lost a total of $99.2 million!
The floating loss is about to break 100 million!
And if nothing else, as soon as the market opens in the afternoon, the prices of the three futures are estimated to dive again, and the floating loss can break 100 million in an instant!
According to this situation, if the three futures want to be cleared and exited, plus the comprehensive costs such as leverage costs and transaction fees drawn by the London Metal Exchange, the loss is likely to exceed 200 million US dollars!
And the loss of money is not the most important thing, but more importantly, the follow-up impact of Sumitomo Corporation's failure will be very large, and there will definitely be investors who will withdraw their capital, and the prestige that Sumitomo Corporation has worked hard for in the past ten years will be hit hard.
"Tuk Tuk ......"
Just then, there was a sharp knock on the door, breaking the silence in the office.
Yanagawa Shuren frowned and looked at Junpei Takayama, the manager of the LME copper futures trading team closest to the door, who understood and got up to open the door.
After opening the door, Yanagawa Shuto discovers that the knocker turned out to be Daichi Futagawa, an assistant to the president of Sumitomo Corporation's London branch.
Erchuan Dazhi first greeted Takayama Junpei, and then went straight to Yanagawa Shuren's side, bowed his head and said a few words in his ear, Yanagawa Shuren's face changed, and after dropping a sentence of "meeting paused", he left with Erchuan Dazhi, leaving everyone looking at each other.
Soon, Shuto Yanagawa came to the office of Taro Maekawa, the president of the branch.
"President, what do you want me to do?"
Yanagawa Shuto stood up straight and lowered his head and asked.
Maekawa Taro was a man with a national character face who was almost fifty years old, and at this time his face was ugly, and he asked in a deep voice, "How is the profit and loss of the metal trading department?"
Yanagawa Shuren immediately told the data that had just been reported by each subordinate just now.
When he heard that the floating losses of the three departments such as LME nickel futures were about to exceed 100 million US dollars, Maekawa Taro's brows furrowed tightly.
Just when Yanagawa Shuto thought that he was going to bear the wrath of the president, he heard Maekawa Taro scold "Yaga", and then said to him: "There was a call to me just now. ā
Yanagawa Shuto looked up at Taro Maekawa suspiciously, only to hear the latter continue: "It was a strange phone call, and the voice was like that of a middle-aged man, and after confirming my identity, he left me a warning!"
Speaking of the warning, Taro Maekawa thought of the caller's tone just now, and a flash of anger flashed in his eyes.
He told me that now LME nickel futures, LME lead futures, LME zinc futures are just a warning, if we don't give up long LME copper futures and LME aluminum futures, there will be more unexpected things to come. ā
Yanagawa Shuren's eyes widened, and after the shock, he was furious, but the president was in front of him, so he could only forcibly swallow the words he was about to say, and said with a strong anger: "President, the long LME copper futures and LME aluminum futures were personally ordered by President Keigo Sumitomo, this ......"
Of course, Maekawa Taro knew this, and he said to Yanagawa Shuto: "I know, I just let you know about this, continue to be vigilant, and strive to complete the clearance as soon as possible, I will report to the president later, see the president's decision, and I will inform you when the time comes." ā
"Understood!"
Yanagawa Shuren nodded in response with a serious face.
"Well, is there anything else you have to say?"
"Not yet. ā
"Then you go ahead and go to the meeting. ā
After Taro Maekawa sent Yanagawa Shuto away, he meditated for a while to sort out his manuscript, and then dialed an international call.
The time difference between Tokyo and London is 9 hours.
It's now past 12 o'clock in Greenwich in London, and Tokyo time is nine hours earlier, so it is more than 3 o'clock in the morning in Tokyo at this time, which happens to be the heaviest time for people to sleep.
Under normal circumstances, Taro Maekawa would not disturb President Keigo Sumitomo's good dreams at this point in time.
But today's situation was exceptional, and he had to bite the bullet and make this call.
In the island country of Tokyo, at Keigo Sumitomo's house, a rapid bell woke up Keigo Sumitomo, who was sleeping with his wife.
After reassuring his wife, he rubbed his eyes to cheer himself up and answered the phone.
"This is Keigo Sumitomo's house...... Hmm? Maekawa Taro? What's the matter with you?"
ā......ā
"What?"
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