So he reminded: "That's right, at the current price, it will definitely be a loss to sell the mine." But we have to look at it from another angle, if the price of copper remains depressed or even continues to fall, the value of this mine will only get lower and lower in the future. Selling it now is a loss compared to the past, but it is still a wise choice to sell it now compared to the future. In this regard, Chairman Jin's reluctance to sell and hedge in the futures market two months ago is a good example. At that time, he was worried that after selling hedging in the futures market, the price of copper would not fall but rise, so the selling hedging would lose money, and now we have seen what the result is. ”

Xue Chenzhi asked: "Then you mean to sell the mine quickly, and then use the funds to do short selling operations in the futures market, don't you?"

"Of course, it's best to be able to do this, after all, there is still more than 6,600 yuan in the middle from 56,660 yuan to 50,000 yuan, and it is quite good to be able to lock this part of the profit. ”

Although Zheng Guorui said this in his mouth, he still had some drums in his heart. Although he thinks that Li Xin is right when he says that the price of copper will fall to 50,000 yuan, and he himself sees it this way, he is very aware of the volatility of prices in the futures market. If the price falls to 50,000 yuan before the first wave of rise, then the sell hedging operation done around 56,660 yuan will face huge losses, and he will bear a lot of responsibility for these words in front of Xue Chenzhi, the new chairman.

But just now Zheng Guorui had already said so much impassionedly in front of Xue Chenzhi, and Xue Chenzhi hurriedly asked such a sentence, so Zheng Guorui had to express his judgment on what he had just said, otherwise, he would not be able to justify himself.

Although he was a little drumming in his heart about what he said about selling the new mine and quickly getting the funds back at 56,660 yuan to continue to sell and hedge the operation, he was not too worried about the correctness of the sale of the new mine.

He had a gut feeling that it would be difficult to make money from this new mine in the future. If copper prices continue to be sluggish, the new mine will have to pay the bank nearly 20 million yuan in interest every month, which alone is unaffordable for the Southern Group.

Xue Chenzhi, who has worked in the smelter all his life, knows how to figure out these ways in the capital market, he only knows that he will face huge losses if he sells this mine now, and as for whether he will face greater losses in the future if he does not sell this mine, it is still impossible to determine, it is an unknown quantity.

In addition, in the case of a loss, the funds returned after the sale of the mine are put in the futures market for selling hedging operations, which is also faced with two options: loss or profit.

The uncertainty of these two things made Xue Chenzhi difficult: although the difficulties faced by the group before he acted as chairman on August 13 were not directly related to him, but now that he has acted as the chairman of the board of directors, and now at such a critical juncture, if he is not careful in these issues, it is very likely that he will take all the mistakes that Jin Changxing made on his back.

In this way, it is better to change everything at present. It doesn't matter if the price of copper goes up or down, if the price rises in the future, how can some of the credit here be drawn to yourself. If the price falls in the future, as long as he doesn't make any big moves, the future losses of the Southern Group will not have much to do with him, and he can completely put the blame on Jin Changxing.

After all, he was only ordered to be in danger, and it turned out that the strategic decisions of the group were made by Jin Changxing, which was clear from top to bottom.

Yes, it is better to be cautious than to sail a ship of ten thousand years. Otherwise, it would be too cost-effective to carry the black pot for others as soon as he took office!

After pondering for a long time, after thinking clearly about the stakes here, Xue Chenzhi said slowly: "This matter has to be discussed in the long run, and then we will have a meeting to discuss it." ”

As soon as Zheng Guorui heard Xue Chenzhi's words, his heart became cold: You, the number one leader, don't have a clear idea, what results can be discussed at the meeting? Those people at the meeting don't all act according to the eyes of you, the chairman, and you should know this very well in your heart.

Thinking of this, Zheng Guorui even missed Liu Zhongzhou and Jin Changxing's domineering and domineering style at the meeting, but it was a pity that their domineering and domineering were used in the wrong place at that time, otherwise, they could have played a lot of good roles.

Judging from Xue Chenzhi's expression, he should have listened to some of his words, but he didn't have the courage to do that. If he can do it as he sees in this matter like Liu Zhongzhou and Jin Changxing, maybe there will be hope for the Southern Group in the future.

Alas, the hopes of the Southern Bloc over the years have been pinned on the word "if", but unfortunately the reality has always been the opposite of the expectations of these two words!

Xue Chenzhi is looking forward and backward, suffering from gains and losses, but the trend of copper prices is not twisted at all.

On Monday, September 8, the price of copper futures opened at 55,680 yuan, the price fell by 980 yuan from the closing price of the previous trading day, and the lowest price for three consecutive years formed a support line at 56,460 yuan, which was broken down by the opening price in one fell swoop, and the price at this time was just one step away from the next low point of 55,410 yuan.

Li Xin watched the opening price drop sharply as he expected, and couldn't help but high-five and exclaim: "Damn, the power of the empty side is too strong!"

Li Xin knows that such a trend shows that the support line formed by the three-year low point is nothing in the eyes of the bears, and their goal is obviously to go to the nearest support point of 55,410 yuan. At the moment, this point is the first target in the eyes of the bears, and taking it will completely open up the downside.

Sure enough, the strength of the upward rebound after the futures price jumped low was very weak, only rebounding more than 150 yuan upwards before turning down, and the price fell to 55,340 yuan in just 8 minutes. This price has fallen below what Li Xin believes is the most important and the most recent support point of 55,410 yuan.

In Li Xin's view, once this point is broken, the blow to the confidence of many parties is fatal. Although theoretically speaking, the two lows of 51,710 yuan and 49,680 yuan last year and the year before also have a certain supporting role, but these two lows are too far away from now, and their influence is far less than the influence of the support point of 55,410 yuan. In the end, how many people will regard the two points of 51,710 yuan and 49,680 yuan as very important support itself is questionable, not to mention that there is still a gap of four or five thousand yuan between these two points and the current price, if the stop loss point is set at these two points, how many people who held positions before today can withstand such a big loss? If the price really reaches those two points, Li Xin himself has already planned to close the position with a profit and leave the market.

The price trend is really as Li Xin predicted, the bulls have no strength to resist at all, and the price has been hovering at a low level since the opening, and it is getting lower and lower.

By 2:42 p.m., the price came to the lowest point of the day at 54,620 yuan, which was 2,040 yuan lower than the closing price of the previous trading day.

Although in the last 10 minutes or so, because some bears closed their positions at a low level and some longs made a rebound at a low level, the price came to 55,160 yuan at the close, but the price still fell below 55,410 yuan.

It doesn't matter if there is a rebound at the close, as long as the closing price is below 55,410 yuan, Li Xin is already very satisfied.

If you don't consider the fraction of the price, calculated as an integer of 55,000 yuan, Li Xin's current profit on the book is 100 million yuan!

Yuan Jie, like Li Xin, kept his eyes firmly on the trend of futures copper prices and the changes in the profits on his account.

Li Xin will always have amazing moves!

Two and a half years ago, Li Xin also made a big profit on futures copper, which took nearly half a year, and the total profit was tens of millions of yuan.

At that time, Li Xin's results were already dumbfounded, but he didn't expect that now he also made huge profits on futures copper again, and this time it took only more than two months, and the total profit reached 100 million.

Yuan Jie, who was very happy in her heart, couldn't care about the unpleasantness with Li Xin before, she picked up the phone and called Li Xin to congratulate: "Congratulations, you finally managed to see the sunrise!"

Yuan Jie has already ignored his previous suspicions, and Li Xin is not too stingy in this matter, he replied: "Thank you, thank you, happy and happy!"

"What's next?"

"Keep holding the position, that's needless to say. ”

"What do you see down there?"

Li Xin replied without hesitation: "49,680 yuan." ”

Yuan Jie asked puzzledly: "Shouldn't there be a support point of 51,710 yuan before this?"

Li Xin said disapprerovingly: "The difference between these two support points is 2,000 yuan, if the price really falls from the current point to the position of 51,710 yuan, do you think the bears will stop at this position, so that the bulls have a chance to breathe?"

"But after all, 51,710 yuan is the low point of last year, so there should be a certain amount of support. ”

Li Xin enlightened her and said: "You will also be left to chase the poor, and you should understand the truth that you can't become famous and learn from the overlord." If the bears really hit the price to a low level of 51,710 yuan, they will definitely take down the price of 49,680 yuan in one go. From the perspective of the empty side, one go, and then three and exhaustion, homeopathic to win 49680 yuan is the best and most labor-saving choice, after that, there is still room for imagination below. Otherwise, if there is a slight hesitation in the position of 51,710 yuan, so that many parties have the opportunity to counterattack, won't it fall short?"