Huang Hongliang listened and didn't speak.

Xue Chenzhi asked, "Is this okay, will it be too risky?"

Liu Zhongzhou said: "Vice President Xue, you are too worried, such an opportunity is too rare, it is a pity not to seize it, there is no risk." How will the price of copper go in such a situation, haven't you counted it in your heart?"

Xue Chenzhi thought for a moment and said, "Then how much can these bonds be pledged to the bank? The appraisal value given by the bank will definitely be very low." ”

Liu Zhongzhou said: "It doesn't matter, anyway, our position is only until the end of this year, and after the loan is repaid, those bonds will still be returned, not sold to the bank according to the bank's appraised value." ”

After speaking, Liu Zhongzhou's eyes turned to Zheng Guorui and asked, "How much discount do you estimate these bond banks will lend?"

Zheng Guorui thought for a while and said: "Even if these bonds are sold in the market now, the price is not low, and the bank will not be less than six percent off if the bank does a mortgage appraisal." ”

Liu Zhongzhou listened, turned his head to Xue Chenzhi and said: "That's enough, six percent is 180 million, plus the funds available in the current futures account, it is more than enough to add another 10,000 tons of short positions." In this way, we will hedge 20,000 tons of output of 30,000 tons in the second half of the year, and this is a good opportunity!

Although Xue Chenzhi didn't care about the futures price, he was clear that the 10,000-ton short position had a loss of more than 25 million, and at this time, seeing that Liu Zhongzhou was going to increase his position against the trend, he was not sure in his heart, so he didn't answer Liu Zhongzhou's question. While smoking, he observed Huang Hongliang and Zheng Guorui, wanting to hear what they thought.

Liu Zhongzhou, who led the meeting, swept the expressions of the three with his eyes, and knew their thoughts in his heart. He knew that these people wanted to make money, but they were also afraid of taking risks. If they don't say it thoroughly, they won't take a stand.

So Liu Zhongzhou decided to start with the most convincing link: "This is the second time to sell copper reserves, and such news has a suppressive effect on copper prices, and everyone will not object to this, right?"

The three of them listened quietly and did not speak, Liu Zhongzhou knew that they were acquiescing to this judgment, and then said: "The last time the price was below 38,000 yuan, we all dared to short, and now the price is more advantageous, why are we still worried about risks?"

I have to say that Liu Zhongzhou is very good at grasping the key points, and his simple words appropriately cut to the core of the problem, which immediately reminded the three people in front of them of their respective mentalities when they agreed to do hedging.

Especially Huang Hongliang, who was deeply trapped, with a loss of more than 200,000 yuan, knew very well that if he added 10,000 tons to such a high position, when the price fell in the future, the profit would increase very quickly.

There is no need to expect the price to fall too much, as long as it falls from the current position to the price at which the position was first opened, there will be no loss on the book, and it will be replaced by a huge profit.

But if the price falls, how can it only fall to the price at which the position was opened for the first time and then stop? The last time I sold and opened a position, I was at least bearish about the space of five or six thousand yuan, and now with the news of the second sale of reserve copper, maintaining the target of five or six thousand yuan last time can be said to be just a piece of cake!

Huang Hongliang thought about it this way, and felt that Liu Zhongzhou's proposal was really a very bold move, which could turn the tide and use hedging to ensure a good profit margin for sales in the second half of the year.

It's just that there are no extra funds, Huang Hongliang can't do this by himself, otherwise, with such news as a background, he wants to increase his position and recover the loss of more than 200,000 yuan in his account as soon as possible.

Looking at Liu Zhongzhou's expectant gaze, Huang Hongliang was the first to stand up and say: "I agree with the chairman's opinion, the current situation is worth increasing the position!"

Huang Hongliang's words made Liu Zhongzhou very satisfied, he smiled, and thought: At a critical time, it is still the old subordinates who have been working for many years!

Zheng Guorui also said at this time: "As soon as the news of the last sale of reserve copper came out, the price plummeted by seven or eight hundred yuan the next day. If we add another 10,000 tons, then we will hold a short position of 20,000 tons, and the price will fall by more than 1,200 yuan in the future, and the book will immediately turn losses into profits. ”

Liu Zhongzhou said: "Yes, why not drop by more than 1,000 yuan in the future?"

Xue Chenzhi also made sense when he heard it, although at the current price, no matter how he sold the copper produced in the smelter, it would be profitable, but seeing that the price decline was approaching, if there was no hedging measure, when the profits would be reduced in the future, he was also worried that Liu Zhongzhou would put all this responsibility on his head.

Seeing that Huang Hongliang and Zheng Guorui had agreed, he had no reason to be alone, so he also pushed the boat and said: "Okay, but when will the loan be completed? Will it not be able to catch up with this opportunity? After all, it will be sold tomorrow." ”

Liu Zhongzhou saw that everyone's opinions had been unified, so he said: "A good meal is not afraid of being late, and it will be easy to handle when the matter is settled." I estimate that the loan will take about a week, after all, the collateral this time is a high-quality bond, and it won't take long for the bank to evaluate it, right?"

Zheng Guorui knew Liu Zhongzhou's intentions, and hurriedly said: "It should be about the same, I will hurry up as soon as possible, and strive for the sooner the better." ”

Liu Zhongzhou looked at his watch, it was already past the end of work, and said: "Then it's settled, Minister Zheng, you hurry up and contact President Yang tomorrow, or think of a way with him first, and I'll coordinate with you if there is a place in the middle that requires me to come forward." ”

Although Li Xin spoke very easily with Yuan Jie on the phone, he was still full of worries about how the market would go the next day.

He slept very unsteadily this night, just like Yuan Jie said, maybe it will plummet as soon as the market opens tomorrow, and the hundreds of thousands of profits on his books will be gone in an instant, and he is likely to lose money.

Profit and loss, all these changes were only overnight, because a sell-off news was worlds apart, and he now really regrets that he didn't take a profit earlier.

Early the next morning, Li Xin came to the office early and prepared to close the position in advance, as long as the price was not too outrageous, he planned to close the position as soon as the market opened. Now facing the news of selling pressure, he can't see what the market will do in the future, so he can only come out and wait and see.

But just when the market was about to open, Zheng Guorui walked in and said to him: "Li Xin, the chairman is looking for you and asking you to come over." ”

When Li Xin heard this, she had to stand up and follow Zheng Guorui to Liu Zhongzhou's office. Along the way, he was still wondering in his heart: What would Liu Zhongzhou do to find himself at this time? For a period of time, Liu Zhongzhou treated himself as if he was an invisible person and did not arrange for himself to do anything at all. Now at this juncture, the market will open in a minute or two, but he suddenly has something, who knows how long this will be delayed in his office, if he delays his own closing loss!

Li Xin came to Liu Zhongzhou's office in such a hesitant manner, and when he entered the door, he asked, "Chairman, are you looking for me?"

Liu Zhongzhou raised his head and said expressionlessly: "That's the case, the group intends to continue to increase the short position of hedging at the current price, and Minister Zheng is about to start the matter of bank loans, and he can't take care of these things about the futures market." Now you are still responsible for these things, and the daily market trend and capital situation in the future must be reported in detail in the form of email, and try to be timely and concise. ”

Li Xin was slightly surprised when he heard that Liu Zhongzhou was going to continue to short, and asked, "Is it?

Liu Zhongzhou said: "10,000 tons." ”

Li Xin thought to himself: Maybe he was really gambled by Liu Zhongzhou, he continued to short 10,000 tons, a total of 20,000 tons of short positions, if the price plummeted, he would make a lot of money!

Liu Zhongzhou then said: "Also, you have to be ready to trade and execute the trading instructions issued at any time." ”

Li Xin said: "Okay, no problem. ”

Liu Zhongzhou tapped Li Xin and Zheng Guorui with his finger and said, "That's it, there's nothing else, you two will do a good job of handover after you go down." ”

According to Liu Zhongzhou's temper, Li Xin will not bow his head and admit his mistakes, he will not use Li Xin again, he wants to take this opportunity to let Li Xin know that he knows how powerful.

However, when Zheng Guorui came to ask for instructions this morning, he mentioned that he had to hurry up and run for bank loans, and he was afraid that he would not have the energy to take care of such things as the futures market, and asked Liu Zhongzhou if he could hand over these things to others.

Zheng Guorui has a deep understanding during this period of time, the matter of futures prices changes three times a day, even if you stare at any time, you will be dizzy, not to mention that now you have to run the bank loan with all your heart, how can you have time to take care of these. If you don't pay attention to what you delay in this, it will be difficult to explain. Don't delay the loan and this matter at that time, then Liu Zhongzhou won't eat himself yet!

So he simply asked Liu Zhongzhou to completely push off the futures matter, he knew in his heart that the bank loan would work, and if it didn't work, it wouldn't work, and the reasons were all on the surface, even if it couldn't be done, Liu Zhongzhou couldn't do anything with himself. But he really can't understand the futures price, he thinks it's more difficult to do, what he is most afraid of is that Liu Zhongzhou asks him what he thinks about the market, first, he doesn't understand, and second, even if he understands, he doesn't dare to say his opinion easily.

Liu Zhongzhou saw that Zheng Guorui wanted to shirk the matter of futures price analysis and reporting, and he was a little unhappy.

When he put Li Xin aside and handed over this matter to Zheng Guorui, he really thought about it seriously, except for Li Xin, only Zheng Guorui was a little familiar with this aspect of work. Now Zheng Guorui wants to pick a son, isn't this embarrassing for himself? It's too shameless to give himself face.