What Li Xin didn't know was that his words made Ma Tianming's heart feel like he had knocked over a five-flavor bottle, with all kinds of tastes.

Ma Tianming's biggest heel in the sugar business was the selling hedging operation he did when he first took over the sugar company. At that time, he did this because he believed that the price of sugar had risen to a high point and was about to fall, and that selling hedging operations could protect the profits of those goods in his hands.

But the reality is that the price of sugar has continued to rise a lot after breaking through what he thinks is a high, and the selling hedging operation he did has become a cocoon and self-restraint, and the profit that should have been easily earned has been missed in vain.

It was because of this incident that I was almost cornered by the people in the sugar factory. That kind of unforgettable humiliation and pain, Ma Tianming will never forget in his life.

So when he heard Li Xin's suggestion to sell hedging to lock in profits, Ma Tianming spontaneously felt disgusted with this idea.

"You are so optimistic about sugar prices, do you dare to short in this position?" Ma Tianming asked suddenly.

"I'm not just bullish on sugar prices, I'm not bullish on the prices of many other commodities either. As for which commodity to short, I haven't figured it out yet, but it certainly won't be on the price of sugar. ”

"Aren't you bearish on sugar prices? Why don't you short sugar prices?" Ma Tianming felt a little strange.

"Because it's not at all-time highs, there's no price advantage. ”

"You say you're bearish on the prices of other commodities, what do you mean?"

Li Xin hesitated for a while, but finally said one word: "Copper." ”

When Li Xin and Xia Xiaona were in the same office, Xia Xiaona said that he was too student-like. Now that so many years have passed, Li Xin is still the same as before, with no intention of harming others, and even lacking the heart of guarding against others.

In the past week or so, he has been looking for investment opportunities, and he has gradually discovered an opportunity: with the sharp decline in the stock market, the price of the Western Copper stock, which increased his assets by nearly 10 times last year, has fallen from nearly 100 yuan to about 15 yuan. It is not an exaggeration to describe the decline of this stock as the end of the road.

Although such a big drop in this stock was a bit unexpected by Li Xin, what made him even more puzzled was that the copper price was still at a high level of more than 61,000 yuan.

At the beginning, it was the rise in copper prices from more than 20,000 yuan to more than 60,000 yuan that prompted Li Xin to seize the rise of the stock of Western Copper, but now the price of the stock of Western Copper has fallen back to near the original point, but the price of copper is still high.

This is very abnormal.

After careful analysis, he judged that copper prices would fall sharply in the future. He is already looking for the right opportunity to short the price of copper.

If it were someone else, such a scheming would not be easily revealed. But Li Xin is too kind-hearted, and when asked by others, he often tells his heart.

"Do you think the price of copper will fall too?"

"Yes. ”

Ma Tianming, the level of analysis and judgment of futures prices is not as good as Li Xin, but if it is about the ability to figure out people's scheming, his level is much higher than Li Xin's.

Ma Tianming is very clear about the trend of sugar prices in recent years, three or four years ago, the low point of sugar prices was more than 3,000 yuan, and the high point was about 5,000 yuan. This price range is also normal this year.

However, the price of copper is different, although the current copper price is not at the highest point in history, it is about 60,000 yuan a ton.

But if we look back at what the price of copper was a few years ago? A few years ago, the price of copper was only 20,000 yuan a ton. That is, the price of copper is now more than three times what it was a few years ago.

If copper prices start to fall sharply at this level, the room for decline is not comparable to that of sucrose. No wonder Li Xin said that the price of commodities was going to fall, but he was reluctant to short on sugar futures, it turned out that his eyes were on the price of copper!

"You mean you're going to short the price of copper?"

"Well, it's just an idea. Li Xin only now realized that the sentence "If you say more, you will lose" is really reasonable, she just said so much, and unconsciously revealed the plan in her heart to Ma Tianming.

"Now the price of copper has just fallen from more than 63,000 yuan in mid-May to the integer mark of 60,000 yuan, how much room do you think there will be in the future?" Ma Tianming was suddenly very interested in Li Xin's idea, and he actually forgot to discuss the price of sucrose futures with Li Xin for a while.

Ma Tianming didn't know very well, but after Li Xin made tens of millions of dollars by making tens of millions of dollars in futures and copper, Jiang Hua was first exposed to it at the workers' meeting, and the entire Southern Group was clear about it. Now Li Xin is going to make a move on futures copper again, maybe this is another opportunity.

Li Xin thought for a while: "Falling to 50,000 is a high probability event. ”

"The decline is about 17%, will it really fall so much?" Although Ma Tianming does not care about the non-ferrous metal business within the group, he is clear about the fact that the whole group is living a tight life up and down. The fundamental reason for all this is that the price of copper did not continue to rise above 60,000 yuan.

If the copper price falls by 17% at the 60,000 yuan mark, what kind of situation will the financial situation of the entire group be, Ma Tianming is a little afraid to think.

"A 17% drop is not a big deal, and in November last year, the price of copper fell to 52,000 yuan. But where was the stock market at that time? The stock market index at that time was 6,000 points. Now that the stock market has fallen by more than half, it is very easy for copper prices to fall by 17%. ”

Just now, when Li Xin said that the bear market made the market demand for cane sugar not strong, and the price of sugar would fall, Ma Tianming instinctively disagreed. But now Li Xin compares the price of copper with the bear market, but he hears some truth.

Just when he was thinking quickly about what to do with the candy in his hand, he only heard someone at the door: "Mr. Ma, the chairman called you." ”

Li Xin and Ma Tianming looked at each other, and it turned out to be Zheng Guorui, Minister of Finance.

Ma Tianming hurriedly asked, "Minister Zheng, did the chairman let me go to his office?"

Zheng Guorui shook his head and said, "Yes, go now." ”

Ma Tianming said: "Okay, I'll go over." As he walked towards the door, he turned around and waved his hand to Li Xin and said, "We'll talk another day." ”

As the saying goes, the wall has ears.

The conversation between Li Xin and Ma Tianming in the last few minutes was clearly heard by Zheng Guorui, who came upstairs to report to Jin Changxing, in the corridor. He crept past Li Xin's door, stood in the corridor and listened quietly for two or three minutes before entering Jin Changxing's office.

After reporting to Jin Changxing in a few words, Zheng Guorui pretended to be casual and said: "The batch of sugar in Ma Tianming's hand seems to be a big problem now." ”

"What's going on?" asked Kim Chang-heung alertly.

He has a total of 5,000 tons of sugar in his hands, and at current prices, a total loss of nearly 1 million. That's not the point, I just heard him and Li Xin in the corridor talking about the price of sugar may continue to fall for some time to come. ”

"No, I heard him say in March, didn't he make a lot of money? And he made more money than he made last year, why is he losing money now?"

"The batch of goods he bought before the Spring Festival did make a lot of money, but now this batch of goods is imported in late April, and now the price per ton is inverted by nearly 200 yuan. ”

"Why hasn't anyone reported this matter to me? What did Huang Hongliang do to eat? He just asked about such a big thing. Kim Chang-heung was very annoyed.

"Chairman, you are angry. The sugar in Ma Tianming's hand is a big deal for him to sell at a loss, that is, a loss of one or two million yuan. I just heard them in the room say that the prices of other commodities are going to fall sharply, and that's something to be noticed. ”

"The prices of other commodities are also going to fall sharply, which commodities?" Jin Changxing tried to figure out the meaning of Zheng Guorui's words.

"Copper. ”

"Copper prices are going to fall sharply?"

"Hmm. ”

"Who said that?"

"Li Xin. ”

Jin Changxing only pondered the meaning of Zheng Guorui's words at this time. If the news that the price of copper is going to fall comes out of other people's mouths, it is estimated that no one will take it seriously. But when it came out of Li Xin's mouth, the weight was different.

Copper prices are now hovering around 60,000 yuan, and the profits generated by the smelter are barely enough to sustain the entire group. If copper prices continue to fall sharply, the second half of the year will not be open to the whole group.

This is why Zheng Guorui, the Minister of Finance, dared to say in front of himself, the chairman, that it doesn't matter if Ma Tianming's goods are thrown out even if they lose one or two million.

"Go and call him in. ”

"Who?"

"Ma Tianming. ”

"Okay. ”

Ma Tianming followed Zheng Guorui into Jin Changxing's office, and asked with a smile on his face: "Chairman, are you looking for me?"

Jin Changxing was not polite to Ma Tianming at all, and asked directly: "What's going on with that batch of sugar in your hand?"

Ma Tianming was stunned for a moment, looked back at Zheng Guorui who was standing aside, and saw Zheng Guorui with his head down, as if he hadn't heard their conversation, Ma Tianming immediately understood in his heart: This matter can't be hidden.

To be honest, Ma Tianming didn't want to hide it from anyone at the beginning, but it was just because things were changing too fast. In late May, when the price of sugar was rising rapidly, he decided to send his men to the sugar factory to buy goods. But as soon as the goods arrived, just a few days before the May Day holiday, the price of sugar fell rapidly.

At that time, after thinking about it, Ma Tianming thought that it was just a pre-holiday fund to avoid risks, which made the price fall, as long as May Day passed, the price of sugar would continue to rise.