Chapter 31: The Plunge (2)
After Li Xin listened, he was speechless for a while. He secretly sighed in his heart that everyone considered the problem from a different angle. There are some things that I really think about too simply.
After Wu Bin went out, Li Xin sat at the table with a solemn expression and didn't speak for a long time.
Wu Bin's feelings at this time are beyond the imagination of Li Xin, who has stepped on the rhythm of the futures market and is having a smooth journey.
As the number one leader of the whole company, the price of sugar has jumped up and down in the past few months, and his nerves have reached the limit of what he can bear. After so many years of work experience, this is the most difficult squeezing season.
He vaguely felt that the extreme situation that Li Xin said might really happen. Compared with that situation, although it is miserable to sell sugar now, at least it will not hurt the vitality of the entire company.
But even so, when Tang Jianhua and the others were hesitating, he didn't dare to insist on his judgment. In fact, he also has a trace of fantasy about the recovery of sugar prices in the second half of the year, what if Li Xin is wrong?
Now he is tied hand and foot by that huge inventory, and he is powerless to do anything to resist.
He made up his mind that if the price of sugar rose a little more, when it reached the vicinity of the cost line and the loss was not so large, he would order them to ship resolutely, regardless of the opinions of the branch managers below. After getting rid of this shackle, there is an opportunity.
For Li Xin, a young man, he is now a little impressed, so he said those heartfelt words to Li Xin before going out.
Xia Xiaona sat next to her and listened to the conversation between Wu Bin and Li Xin word for word.
She secretly blamed Li Xin in her heart for having a lot of things, technically speaking, she didn't fully understand Li Xin's suggestion for a while, but she knew that this matter was not trivial, and it involved major decisions in the operation of the whole company.
I'm afraid that even people at the level of branch manager wouldn't dare to mention such a suggestion casually, but Li Xin said it openly, and he was too bold! If there is something in the future, won't he be able to eat and walk around?
And she could hear from Wu Bin's words just now that she shouldn't have taken his proposal seriously at all.
How can Li Xin do these thankless things!
After coming out of Li Xin's office, Yao Juncai paced back and forth in his office restlessly, called the driver, and drove out.
The data reported by Wu Bin when he convened a meeting of three branch managers in the conference room in the morning made him feel like five thunderbolts, and it took him a while to recover.
The vague worry in my heart finally became a reality, and now the matter of burning my eyebrows is what to do with the candy in my hand?
Several people at the meeting also discussed, Wu Bin believes that now the futures price has just begun to fall, the information of sugar mills and other traders is lagging behind, the response is a little slow, the price in the sales market has not changed significantly, a large number of buyers are still buying, this is the best time to reduce inventory. If after a while, the market will reflect it, and it will be difficult to sell sugar again.
However, the actual problem that Tang Jianhua and Yu Shuhua are worried about is the same as the biggest worry in his heart, that is, selling sugar now, all the costs are counted, and it is really not cost-effective to lose a few hundred yuan for selling a ton.
If you sell it, where will the price of sugar rise again in the future?
The sharp drop in sugar prices in two days also made Tang Jianhua, who was full of confidence a few days ago, a little unable to sit still. The huge difference between the futures price and the cost price of the inventory in his hand that widened in an instant made him dare not look at it directly.
But as he muttered, in horror, he still insisted that such a fall was unreasonable.
Apart from all the factors that led to his original judgment have not changed significantly, the latest ex-factory prices that he learned from the sugar mills today still show no signs of falling.
This makes him think that the ups and downs of prices in the futures market are just the result of capital speculation, and such price fluctuations cannot make much waves in the sales market.
Secretly blaming Wu Bin for being too sensitive, and while being taken aback by the futures market price, he also told Lin Li to pay close attention to the fluctuations of futures prices, and notify him as soon as there was any change.
These two times when Wu Bin was asked to go to a meeting, he only knew from his mouth about the decline in futures prices, which was too passive!
As for Wu Bin's suggestion to sell sugar now, Tang Jianhua thinks that it is a completely bad idea!
At the meeting, when he and Wu Bin argued with reason, he scolded hatefully in his heart: MD, you Wu Bin is the general manager, it is easy to move your mouth, but you don't know what the price is now?
If I listen to you and sell the sugar now, what will happen to the profits lost by the rise in sugar prices in the second half of the year, but will the money you lose from selling sugar now be subsidized by your head office?
Just when they were in a dilemma, things quickly deteriorated in the direction they least wanted to see.
For more than a week after that, the price of sugar continued to fall at a rate of nearly 100 yuan a day.
It seems that overnight, the original customers of several branches gathered in the bustling business room, and now the door is crowded.
At this time, even if they want to sell sugar, they can't find customers who dare to take over.
These days, Li Xin is also restless like an ant on a hot pot all day long. That unstoppable decline made him have a huge amount of money in his account every day!
If he went through the process of the last round of sugar price surge and learned the result instantly, then this time he really experienced the taste of the process: surprise, but also horror!
Now that the decline is so big and there is so much floating profit, if the position is not closed, if there is a rebound, the cooked duck will immediately fly away by half.
But if it continues to fall and closes the position early, it will also make a lot less!
He didn't dare to go to the exchange, worried about being affected by the market and others, and relied on phone calls and faxes every day to understand the price trend.
At present, the price of the T609 contract has fallen to 4,655 yuan, and at this price, it has almost earned nearly 1.1 million yuan!
At the same time, the prices of the two exchanges outside the province are also continuing to fall, and there is no sign of a rebound.
Li Ying went out to study a week ago and was not in Jiangcheng.
Last night, Li Xin, who was under huge psychological pressure, was bored and watched TV until late before going to sleep. I drank a lot of tea before going to bed, tossed and turned at night, and slept very unsteadily.
It was just dawn this morning, and after a long night in bed, he got up and took a hot shower. When I was brushing my teeth, I saw two eyes in the mirror that were red like rabbits.
Downstairs in the company, he met Lin Li, and the two went upstairs together.
Li Xin asked as he walked, "Manager Lin, how is the sales of cane sugar in the market recently?"
Lin Li shook his head and said, "The situation is very bad! Everyone is buying up and not down, and no one is coming to buy sugar now." ”
Li Xin asked: "The price has fallen so much, how do you think the market will go in the future?
Lin Li turned his head to look around, and when he saw that there was no one around, he whispered: "I don't dare to say whether it will stop falling, but it definitely won't go up!"
Li Xin was surprised to hear his affirmative answer, and asked, "Why?"
Lin Li explained: "Two weeks ago, when the price of sugar did not fall, sugar factories were reluctant to sell, and almost every sugar factory's warehouse was full. Sellers go to the factory to buy sugar, and if the price is not negotiated, it is difficult to get the goods. ”
Seeing someone passing by, Lin Li stopped talking, and after others walked by, he continued: "Now, the price of sugar has fallen like this, and the ex-factory price of the sugar factory has also been greatly reduced, but it still can't be sold, there are very few people who buy sugar, and the sugar in the warehouse is backlogged. In this case, when the overall inventory of the sugar mill does not fall to a certain level, I think it is very unrealistic for the price to rise!"
A sentence woke up the person in the dream, Li Xin suddenly realized after listening to it, nodded and said, "It makes sense!"
Walking to the door of the business room of the sugar sales branch, Lin Li waved his hand to Li Xin and entered.
Li Xin entered his office, habitually turned on the water dispenser first, and then walked to the window and pushed the window open. Coming in from outside, the air inside the house, which had been closed all night, was a little dirty.
He was still thinking about the conversation with Lin Li just now, holding a cup of tea in his hand, walked to the water dispenser, and saw that the water was not yet boiling, so he returned to the desk and sat down.
He thought to himself: In fact, the current trend of sugar prices is completely in line with his original judgment, although there is already a considerable floating profit, but from the situation learned from today's conversation with Lin Li, the inventory of sugar factories is huge, and sellers buy up or down, and such a decline cannot be stopped for a while.
These days, watching the profits continue to increase, my initial decision to stay long-term is a little loose, and I gradually begin to struggle between holding a position and closing it at a profit.
If you hadn't learned this information today, maybe you wouldn't have been able to hold on today and closed all your positions!
Now it seems that we should grit our teeth and persevere, continue to hold positions, adhere to our original judgment, and leave a long line!
"Li Xin, what's wrong? Why are you sitting in a daze?" Xia Xiaona asked as soon as she entered the door and saw Li Xin sitting at the table.
was concentrating on her futures position, Li Xin didn't notice Xia Xiaona coming in, and was interrupted by her words at the moment, and hurriedly said, "Oh, it's okay, I'm waiting for the water in the water dispenser to boil to make tea." ”
Xia Xiaona put the bag on her shoulder on the table, glanced at Li Xin, and asked, "Is there anything wrong?" ”
Li Xin smiled and covered up and said, "It's okay." ”
After a while, Li Xin got up and said to Xia Xiaona: "I'll go to the commodity exchange in the morning to have a look, and call me if I have something." ”
Xia Xiaona said, "Okay. ”
has been in the same office for nearly three years, and Li Xin has always been handsome, smart, and sharp in Xia Xiaona's image.
But recently, Xia Xiaona found that Li Xin was a little worried. Especially this morning, he sat at his desk in a daze, and he didn't even know that he walked in.
said that he was waiting for boiling water to make tea, but the tea was brewed and left without taking a sip on the table. It's so perverse.
Xia Xiaona knew that there must be a reason why he was so unrelenting, so she asked casually just now, but saw that Li Xin was reluctant to say, so she didn't ask carefully.
After Li Xin came out of the company, she took a taxi to the gate of the commodity exchange and paged Xu Li, and immediately, Xu Li's phone came back.
"I'm at the gate downstairs, can you come down for a while. Li Xin said.
"Aren't you coming up?" asked Xu Li.
"Don't go up. Li Xin said.
After a while, Xu Li came out.
"Do you have a list in your hand?" asked Li Xin.
"Nope. Xu Li said.
"Then don't look at it, go play with me!" Li Xin said.
"Another bad idea!" Xu Li smiled knowingly.