Teacher Zhang quickly explained, "Eh, that's not what I meant. I mean the high of $84,000 will be seen again, but it's hard to say when this time, after all, this high was set in the last round of rapid spikes. As the saying goes, one blow is vigorous, then it declines, and three times it is exhausted. After this high of 84,000 yuan, copper prices have been in the process of falling and recovering for so long, and they have not continued to approach this high. This shows that even the bulls are a little apprehensive about this high, and it is not very likely that they will continue to hit the previous high or a new high in the near future. ”

Seeing Jin Changxing's disappointed expression, Mr. Zhang said: "According to our calculations, at the current price level, the average profit of copper enterprises is still quite considerable. It is for this reason that I say that it is very difficult for copper prices to reach new highs in the near future. ”

The bitterness in Jin Changxing's heart is something that Mr. Zhang, an outsider, can understand, and Jin Changxing will definitely not mention this matter to him. When he heard Teacher Zhang say this, he was very puzzled, so he asked, "How do you say this?"

Mr. Zhang explained: "In fact, the most fundamental reason for this round of copper price surge is determined by market supply and demand, which everyone has reached a consensus. As for the record high of 84,000 yuan, it is mainly the result of speculation by investment funds. But why did it quickly pull back to the high of 84,000 yuan, and did not continue to hit a new high or approach this high again for such a long time? Didn't I say just now, according to our statistics, the average profit per ton of copper is relatively high, which leads to many copper companies selling a large number of products when the copper price reaches a high of more than 80,000 yuan. Even now, when the price of copper has rebounded to about 70,000 yuan, because the profit per ton of copper is still considerable, the sales desire of copper enterprises is still very strong. There is a steady stream of copper being sold at market prices in the market, which is a fundamental reason why the price in both the sales market and the futures market can no longer continue to rise. Mr. Jin, just imagine, if the copper enterprises do not have much profit per ton of copper, will it not be able to sell it by a large margin? In the absence of a large amount of copper sales in the market, the price will not fall, but will only rise, and the futures market will take advantage of the situation to fuel the flames and push the copper price up. Therefore, I say that the inability of copper prices to continue to record highs is directly related to the considerable profits per ton of copper now. ”

Teacher Zhang analyzed this, and Jin Changxing also felt that he was very reasonable, so he nodded and said, "This is also true." ”

Jin Changxing's headache now is that the cost of copper ore in the new mine is too high, and now the price has been inverted with the cost price, and the continuous losses caused by sales have made it difficult for him to sleep. If the copper ore produced by the new mine is sold at a good profit, Jin Changxing is entangled in whether to suspend the sale of the copper ore from the new mine?

Aside from this loss-making asset, the profits of the mines and smelters in the hands of the original Southern Group are still very considerable. Xue Chenzhi never mentioned the issue of raw materials and product prices, and he will sell as much copper as he produces now. Huang Hongliang will not consider these things, now he sells copper ore and copper to earn sales expenses, he doesn't care whether the sales price and cost price are upside down, as long as the sales volume is large, he will make a profit.

However, Jin Changxing's perspective was different, because he was troubled by the problems of the new mine, and he did not think about the problems in between.

Now that he suddenly thought about this problem clearly, he couldn't help but feel a lot of emotion in his heart: First, fortunately, there was no major problem with the original old foundation of the Southern Group, and now production and sales are still going smoothly, and they are constantly making a lot of profits.

Second, even the Southern Group itself is now making a very high profit per ton of copper, so it is constantly increasing its sales efforts and earning a lot of profits, and in this case, who can be expected to stop selling and make the price of copper continue to rise? Unless a certain smelter is like itself, buying new mines at a high level, the price of raw materials is high, resulting in the cost price of the product approaching 80,000 yuan. In this case, they will be like themselves, reluctant to sell their products because of the price inversion.

Profit is the best adjustment tool, with excess profits, he wants to sell, you can't stop it. But if there is no profit, if you sell a ton and lose a ton, if you want to buy it, he will not sell it to you.

Mr. Zhang listened to Jin Changxing's words and thought that the overall situation of the Southern Group was exactly the same as the one he had just analyzed, so he smiled and patted Jin Changxing's arm and said: "Mr. Jin, now is a good time, don't expect too much, just accept it when you see it." Of course, it is best to sell at a better price, but no one can say for sure about the price, with the current profit margin, sell the funds as soon as possible, and the funds will roll up, and the profits will be quite considerable throughout the year, and what you are holding in your hands has always been a golden doll. ”

Jin Changxing came to this meeting in order to find some strong support for his declining confidence. Listening to the experts' reports in the morning initially achieved this goal, but he was still not reconciled, and wanted to continue to communicate with the experts in private, and extract some more reliable answers from the experts' mouths.

But what he didn't expect was that when he communicated with the expert face-to-face and privately at this moment, the answer he got was very disappointed. According to Mr. Zhang, the copper price can rise to about 75,000 yuan at the most, and if you push back at this price, the copper mine produced by the new mine you just bought will not only have no profit at all, but will also have to lose 100 million yuan all year round!

Jin Changxing didn't want to believe this result at all, this price was too far away from the target price in his heart. If he had the slightest idea of agreeing with this price, he would not have borrowed more than a billion yuan from the bank to buy this new mine.

Looking at Mr. Zhang, who was kind and persuasive, he secretly thought in his heart: How is it possible? Don't you yourself say that no one can say for sure about the price? Then how dare you assert that the highest copper price can only return to 75,000 yuan?

Jin Changxing even regretted a little, he shouldn't have come to them to communicate privately just now. This teacher Zhang's words not only did not add confidence to himself, but added a blockage to his heart, which is really a superfluous move!

But it's no wonder that others are looking for themselves. Jin Changxing squeezed out a few unnatural smiles on his face, and said a polite word to Teacher Zhang, who wanted to go back to the table to continue eating after finishing speaking: "Teacher Zhang, we keep in touch by phone, and I have questions to ask you in the future, thank you." ”

After saying that, he turned back to the table and went on eating.

As soon as Jin Changxing returned to his seat, several people at the same table greeted him one after another: "Mr. Jin, why is it disappearing in a blink of an eye? We are still waiting to drink with you." ”

Jin Changxing then remembered that the wine glass he had just brought had forgotten on the table over there. He spread his hands and said to the men, "I just went over there to toast a few friends, and I forgot my glass over there while talking." Drink it, I won't drink it. ”

A big man next to him who was drinking and his face was flushed said reluctantly: "What kind of thing is that? It's hard to get together for a meeting and dinner, what a rare fate, how can we not have a good drink together? We are still counting on your Southern Group to buy raw materials in the future, and when the time comes, Mr. Jin, you will have to give us some discounts." ”

After speaking, he grabbed the teacup in front of Jin Changxing, poured the tea in the cup into an empty plate, and then picked up a bottle of wine and poured half a glass of white wine in Jin Changxing's teacup, and put it in front of Jin Changxing: "Mr. Jin, I salute you." ”

Jin Changxing, who often socializes on various scenes, can be regarded as a person who has a bit of alcohol, and it stands to reason that it is not difficult for him to dry the glass of wine in front of him, but Jin Changxing drinks not only to see the dishes, but also to see who the other party is.

The venue of this conference was held in a well-known five-star hotel, and the keynote speakers were all bigwigs and experts and scholars in the non-ferrous metals industry, and the specifications were not low, so the dishes on the table were very rich, even in the eyes of the very picky Jin Changxing. It stands to reason that with such a good dish, it is also appropriate to drink a few more glasses.

But the problem is that the identities of these people who eat at the same table can't get into Jin Changxing's eyes, and the conversation and behavior of these people make Jin Changxing feel that drinking with them is a bit cheap.

In addition, I just heard those very frustrating words from that teacher Zhang, how could Jin Changxing have the heart to drink at this time.

But if you don't drink it, you can't do it, the big man next to him is holding a wine glass in his hand, and he is still waiting for him to respond.

Jin Changxing reluctantly picked up the wine glass, looked at the wine in the wine glass, and said to the big man: "You are welcome to our group to buy our products, but there is so much wine, I'm afraid it's a little difficult to dry it in one sip, I'll get the wine table next to it to toast later, drink too much at once, and it will be troublesome later." ”

The big man said dissatisfiedly: "Mr. Jin, you won't be a face-saving person, right? You are such a big boss, can you still make this glass of wine stumped?"

Among the people who drank with Kim Chang-heung in the past, except for those with higher official positions than Kim Chang-heung, who could ask Kim Chang-heung to drink the wine in the wine glass in one gulp, who else dared to do this?

This is especially true within the Southern Group, no matter who comes to toast Kim Chang-heung, it is entirely up to him to decide whether Kim Chang-heung drinks or not, how much he drinks, and how much he drinks, but the person who comes to toast must take a sip of the wine served in front of him.