Chapter 333: Anonymous Questioning
After all, this is what the real industry insiders said, after all, the two experts in the morning are still engaged in theory, and obviously lack front-line production and sales experience.
Jin Changxing remembered that when he first arrived at the venue this morning, he had read the agenda of the meeting, and it seemed that he did not see that the senior management of Western Copper would attend this afternoon's sharing meeting, otherwise he would not have slept until now, and he came to take a look by the way when he was bored.
It seems that this is a temporary arrangement, and Jin Changxing felt a fluke in his heart: fortunately he came to participate in this sharing meeting, otherwise, such an important guest interview would have been missed by himself.
He cheered up and stared closely at the president Wang on the stage to see how he answered the host's questions.
I saw that Mr. Wang replied unhurriedly: "Just like the previous two guests said, the current development prospects of the copper metal industry are very good, which can be described as magnificent, I agree with this view, and we are also very optimistic about the future development of this industry." ”
After hearing this, Jin Changxing thought to himself: Isn't this a cliché? It means that he has not said anything.
But after thinking about it, he felt that it was actually normal, because the question asked by the host was not obviously targeted and very broad. Mr. Wang's answer was not a question at all. In the face of such an easy question to answer, if the interviewee concretizes the question himself, isn't he looking for trouble for himself?
Fortunately, immediately afterwards, the host asked a question that made Jin Changxing and the participants very interested: "Mr. Wang, in fact, our meeting has been running through a very important question from this morning to the present, and the guests attending the meeting are very interested in this question, this question is how the copper price will go next?
Jin Changxing secretly applauded in his heart when he heard this: Yes, the interview should ask these questions to make sense.
After listening to the host's question, Mr. Wang hesitated slightly, and then replied: "Yes, this issue is the core issue of this forum, and we are also very concerned about this issue as a copper metal smelting enterprise. Similarly, upstream mines and our downstream copper companies are also very concerned about this issue. However, the price problem is just a prediction here, and it is still difficult to estimate how it will go in the future, but in my own opinion, I think the downward space of copper prices is not as large as the upward space. ”
After listening to this, the host immediately asked: "You mean that copper prices are easy to rise and difficult to fall, right?"
Mr. Wang was obviously a little hesitant after hearing this, he seemed to feel that the host did not fully understand what he meant, but if he continued to struggle with this issue, coupled with the host's close pursuit, it was easy to trap himself in a very specific price figure.
It's just a private discussion between two people face-to-face, but the problem is that there are hundreds of listeners in the audience who are paying attention intently, and in this case, it is taboo to be very specific about the answer, and it is easy to fall into disadvantage.
So he had a few more seconds to consider the answer than he had just before he replied, "It can be understood that way." ”
Sure enough, the host didn't intend to let him get away with such an important issue, and continued to ask: "So how big do you think the rise will be, and how much will the point rise? This question is a question that many people are concerned about, in fact, I am asking you this question for many people." ”
Mr. Wang was obviously forced by the host to have no way out, but he was shrewd and did not answer this question himself, but answered with the words of the morning guests: "I think the opinions of the two experts who made the report in the morning are more in line with the actual situation, and I agree with their opinions, that is, the copper price will be very strong at the integer mark of 70,000 yuan, and even if it falls below, it will be easy to recover this threshold again." ”
At this point, the host also saw that this king is always a master of playing with words, and he can't ask a reason if he continues to ask, so he concluded: "Then let me summarize, what you roughly mean is that the copper price is a strong support at the integer mark of 70,000 yuan, which is easy to rise and difficult to fall, right?"
Mr. Wang seemed to feel that there was no obvious loophole in this answer, and this answer was said by most of the guests who made the report at the meeting, so he nodded and said, "Yes." ”
Jin Changxing, who was listening attentively below, was a little disappointed: This is exactly the same as the report made by the two experts in the morning, there is nothing new, and it seems that this Mr. Wang can't say anything new.
However, with the private communication with the expert Mr. Zhang in the morning, Jin Changxing now does not believe in this kind of high-sounding answer at the venue. Perhaps the words that Mr. Wang said in front of him, just like the report made by Mr. Zhang in the morning, are very different from the actual thoughts in his heart, and they are greatly discounted.
When I listened to Mr. Zhang's report in the morning, I felt that the price of copper would rise very much, but from the results of private exchanges, Mr. Zhang's psychological expectation of copper prices was only about 75,000 yuan.
Now, how big is the difference between the actual price in Mr. Wang's heart and what he said? Moreover, he went around for a long time, and only said that the price of copper would not fall below 70,000 yuan, but he did not say how much it would rise.
If his real thinking is that the price of copper can only rise to a maximum of 75,000 yuan, then the problem is serious.
Just when Jin Changxing was pondering in his heart, he heard the host on the stage ask: "Some downstream users have reported that some copper enterprises are reluctant to sell copper now, pressing copper in warehouses, and want to wait until the price is higher to sell it.
Kim Chang-heung also felt very strange when he heard this question: Is there still anyone who is reluctant to sell it now? Wouldn't it?
Mr. Wang said: "As you can see, the current copper price of around 70,000 yuan is relatively large compared with the copper price of about 84,000 yuan not long ago, and there may be some copper companies who are reluctant to sell and want to wait for the price to rise to more than 80,000 yuan before selling." But I don't think it's going to be the majority, it's not going to be a universal phenomenon. Because even at the current price, there is still a lot of profit per ton of copper, and there is no need to sell it. As for our western copper industry, there is no such phenomenon. ”
Mr. Wang's answer looks more like a cliché and official than the previous answer, but in the ears of a caring industry insider like Jin Changxing, it has a very profound connotation:
First, as soon as the host's question came out, Jin Changxing stared at Mr. Wang tightly, and he noticed that after Mr. Wang heard this question, he answered without hesitation, and the expression on his face was very relaxed when answering the question.
This is in stark contrast to the hesitation and deliberation of the moderator when he asked him what he thought about the price question just now.
Jin Changxing himself has experienced that if he was sitting on the podium and was asked by the host about his views on the issue of mine prices, then he would definitely not be able to do it so easily when he answered the questions himself.
Wang can always answer so easily, which shows that they really have a good profit per ton of copper now.
Second, even if the Southern Group is now plagued by the problem of high-cost mines, the copper produced has never been sold at a reluctance, and it is sold in the market as soon as possible to recover profits.
Then the problem now comes, if the Southern Group itself amortizes all the costs of the new and old mines, the profit per ton of copper is not so high.
If Western Copper did not have a similar situation, and their original mine costs were relatively low, then its profit per ton of copper would be considerable.
In this case, Western Copper does not have to expect the price of copper to rise above 75,000, even if it is sold at the current price of 70,000, and their profits will be very high all year round.
But Western Copper can expect it like this, but Jin Changxing himself can't.
As a leader in the industry, Western Copper should be a very important benchmark for how much profit it makes from selling a ton of copper. Figuring out this problem can roughly estimate the price range in which key copper companies in the industry will sell their products, and the upper limit of this price should be the high point that copper prices are difficult to break through in the near future.
Figuring out these things will be too useful for me in the future! But this question is too private, how can I ask this question to this Mr. Wang?
After a while, the interview on stage ended, and the host said to the audience: "Now is the question time, you can ask questions to the three guests on the stage if you have any questions." ”
Immediately, many people at the venue raised their hands to ask the staff for the microphone and asked a lot of questions to the three guests on the field.
Originally, Jin Changxing also wanted the microphone to come over and ask the executive vice president of Western Copper in person how much profit per ton of copper their company was? However, when he saw that the host asked the people who stood up to ask questions to introduce themselves and explain their identities before they could ask questions, this made Jin Changxing retreat.
Nanfang Group is also a well-known enterprise in the industry, and as the chairman and general manager, he stood up at the meeting and asked in front of so many people what the profit per ton of copper of Western Copper is now, which is a bit too abrupt.
He thought for a while, picked up a pencil and wrote a question on the letterhead paper on the table, raised his hand to call the staff of the venue, whispered a few words to him, and then handed him the letterhead in his hand.
So this staff member put this question into the hands of the host according to Jin Changxing's request.