Chapter 330: Mr. Jin, what will happen to the price of copper?

Now that he is at the venue, in addition to being tired, he is also feeling hungry, and this coffee break will allow him to fill his empty stomach so that he can better listen to the next presentation.

Jin Changxing drank the water in the teacup in a few sips, picked up the teacup and asked the waiter to refill the water, and then walked out of the conference room with the teacup and came to the corridor. He took a plate, put a few pieces of cake on the plate, broke two more bananas, and after finding that hot coffee was served on the spot, he put the teacup in his hand aside, asked for a cup of coffee, and then took the things to a corner and devoured them.

After these things were down, Jin Changxing felt that his spirit had recovered again. He went to the bathroom in the corner of the hallway, smoked a cigarette, estimated that the time was almost up, and then returned to the conference hall to continue listening to the report.

At noon, when they were eating and exchanging business cards at the same table, several people sitting at the same table with Jin Changxing saw that Jin Changxing was the chairman of the Southern Group, and asked him for their views on the trend of copper prices.

"Mr. Jin, how do you think the copper price will go in the future?"

Jin Changxing said: "I think 70,000 yuan is a strong support, and it is unlikely that it will fall below. ”

"Do you mean that the copper price of 70,000 yuan is already very low?"

Jin Changxing said: "Of course, if you see it fell from more than 84,000 yuan, it has fallen by more than 14,000 yuan, a decline of nearly 20%, and it is unlikely that it will continue to fall." ”

"That's right, compared with 84,000 yuan, the price of 70,000 yuan is much lower, but if you compare it with the price of more than 20,000 yuan two or three years ago, the price of 70,000 yuan is still high. ”

Jin Changxing's shelf is very large, and when he participates in such a meeting, he only sees the experts and scholars who made reports at the venue, and the other are the bigwigs in the non-ferrous metal industry.

The people who sat at the same table with him were very fresh, and when they looked at their business cards, they knew that they were not important people, so he was not very interested in these people, and answering their questions was just perfunctory.

Coupled with the tone of this person's voice at this time, he can roughly estimate that this person should be a person from a non-ferrous metal downstream enterprise, and definitely not a person from a copper mine or a non-ferrous metal smelting industry. Otherwise, he should be like himself, secretly looking forward to the rise in copper prices, how could he feel that the copper price of 70,000 yuan is too high.

Jin Changxing said: "At this time, the demand situation a few years ago is not the same as now, and the experts at the morning report meeting used detailed data to explain that the current market demand has increased a considerable share on the basis of two or three years ago, and the market is in short supply, so the copper price is not high in such a position." ”

"But the problem is that the price has risen too sharply, doubling compared to a few years ago. ”

Jin Changxing said disapprerovingly: "The price of copper is rising, and the price of those products produced with copper as raw materials should also be rising, right?"

"That's true, but the problem is that the price increase of the product is far from keeping up with the increase in the price of copper, and our profits in the past two years have been greatly reduced compared with before. ”

Jin Changxing said: "In fact, there are such problems: our copper prices are rising, aren't copper mines also rising? Our costs are also increasing." ”

"The price of copper can't double like the price of copper, right?" the man asked in disbelief.

Jin Changxing didn't speak when he listened, and the question poked at his sore spot and left him speechless.

Among the existing copper mines of the Southern Group, the cost price of the copper ore produced by the mine that Liu Zhongzhou bought a few years ago is still very low, and the copper price is falling by another 10,000 yuan or 20,000 yuan, and the copper smelted from the copper ore produced by this mine still has a very good profit.

But for the mine that Jin Changxing just bought, isn't the cost price of the copper ore it produces several times higher than that of the original copper mine?

Seeing that Jin Changxing stopped talking, the man thought that his words were right, so he said: "Well, I'm right, right? For you, the price increase in copper ore is far less than the price increase in copper prices, so it is a good thing for you that the price of copper has risen." But it's different for us, we want the price of copper to be as low as possible. ”

This person's words were agreed by the other people at the table, and several people echoed one after another: "That's right, the price of copper should fall a little more, otherwise the profits will be too thin, and we are completely equivalent to working for the smelter, and the effort is not thankless, and the factory might as well be closed." ”

didn't speculate for more than half a sentence, and Jin Changxing saw that he had the possibility of becoming the target of the public, so he stopped answering their words, lowered his head and only cared about eating.

The number of manufacturers is far less than the number of users of their own products in the downstream, which is true in any industry, and the non-ferrous metal smelting industry is no exception.

There are only a few medium- and large-scale metal and copper smelting enterprises like the Southern Group. Seventy or eighty percent of the people who came to the meeting this time should be downstream users of copper metal, and it is estimated that no more than 30 people will attend the meeting on behalf of copper smelting enterprises like Jin Changxing.

They were a very small minority of the hundreds of people attending the meeting, and in the eyes of others who complained that the price of copper was too high, they were the biggest beneficiaries of the rise in copper prices.

While eating, Kim Chang-heung kept searching the hall for the two experts who had just spoken at the meeting, and according to his own experience, such experts would attend such a meeting, and after giving a report in the morning, there would be no lecture in the afternoon or tomorrow, and they would normally leave the meeting this afternoon.

Most of the reports they made at the venue just now were conceptual things, although they also made Jin Changxing feel good after listening to them, but Jin Changxing was not satisfied, and he also wanted to talk to these two experts separately and discuss some more specific issues.

Finally, in a corner far away, a table of guests caught Jin Changxing's attention. The guests at this table rarely go to the next table to toast, but the guests at the next table keep coming to this table to toast.

Among the people who stood up to answer, Kim Changxing finally found the two experts who were giving lectures at the meeting in the morning, and the two of them were still sitting next to each other. It seems that this table is the table of honor, and most of the important guests attending the meeting sit at this table to eat.

After finding the right target, Jin Changxing poured a glass of white wine and walked towards the table with a wine glass.

Coming to the two experts, he said to the two people: "Hello two teachers, your morning lecture is very exciting, I have benefited a lot after listening to it, and I specially came to toast the two teachers." ”

The two experts didn't know Jin Changxing's identity, and when they saw him come over to toast with a smile on his face, they couldn't refuse, so they got up and touched a glass with Jin Changxing, and after each took a sip of wine, they sat down.

After Jin Changxing drank the wine, he put the wine glass on the table, took out his business card and said, "The surname is Jin, the chairman of the Southern Group, can you exchange business cards with the two teachers?"

Southern Group is also a well-known enterprise in the industry, and after listening to Jin Changxing's self-introduction, the two quickly stood up and exchanged business cards with Jin Changxing. These people care very much about what bigwigs like Jin Changxing think of themselves, and only by having a good relationship with these bigwigs can they have the opportunity to make money, otherwise, their reports will be worthless.

Jing Changxing took the business card and looked at it, and said: "It's Teacher Zhang and Teacher Li, what room do the two teachers live in, if you are free in the afternoon or evening, I want to visit the room and ask some questions, I don't know if the two teachers are inconvenient?"

One of them listened and said, "I'm sorry, Mr. Jin, we have already left the room, and we will go to the airport to catch a plane after lunch." ”

When Jin Changxing heard this, he secretly complained in his heart: As expected, if he hadn't hurried to come to them for an interview, not to mention that he wouldn't have had the opportunity to continue communication, and he wouldn't even be able to get a phone number.

Although he already has the contact numbers of these two people in his hand, Jin Changxing knows that he and the two of them have never lived in life, and there is not much friendship at all, and if he calls to ask questions afterwards, the other party may not tell him the truth, and now face-to-face conversation is the last chance.

Thinking of this, Jin Changxing didn't care about etiquette, he didn't care that the two experts were eating at the table at this time, so he said to one of the experts: "Are you going to catch a plane after lunch?

When the teacher surnamed Zhang heard Jin Changxing say this, he had to stand up and follow Jin Changxing to the window: "What's the matter, can you tell me?"

Time did not allow Jin Changxing to be polite, so he asked straight to the point: "Mr. Zhang, I heard you say in the lecture in the morning that the integer mark of 70,000 yuan is a strong support for copper prices, and it is unlikely that it will fall below this threshold, right?"

Teacher Zhang nodded and said, "Yes." ”

Jin Changxing asked: "So after the 70,000 yuan mark is supported, Mr. Zhang, where do you think the copper price will return in the future?"

Teacher Zhang said: "75,000 yuan should be visible. ”

His answer made Jin Changxing secretly feel a little chilled.

Jin Changxing said with disappointment: "Can it only rise by about 5,000 yuan? This is only one-third of the decline, and it is still far from 80,000 yuan or 84,000 yuan." ”

Teacher Zhang smiled and said: "It's already very good to be able to go back to 75,000 yuan, of course, it is better to get to 80,000 or 84,000, but even at the current price of 70,000 yuan, I think the profit of your Southern Group is also very high." ”

Obedient and listening, Jin Changxing felt that there seemed to be a certain meaning in Mr. Zhang's words, so he asked: "You mean it's more difficult for the price to return to more than 80,000 yuan, right?"