Trying back and forth, he spent the whole day in the exchange. After several transactions, there were gains and losses, and when the market closed, I calculated carefully, and at the end of the day, I lost more than 2,000 yuan.

With these practical trading experiences, he gradually revised his understanding of futures trading. This futures trading is really inextricably linked with the traditional physical object, but it does not mean that it must be in contact with the physical object.

Sometimes, it has almost nothing to do with the real thing, and it is completely short buying and selling.

But when it comes to physical delivery, it's the same as selling cane sugar in the factory. As for the delivery in the warehouse, it is similar to the customer picking up the goods in the factory, and the links of transportation and warehousing are indispensable.

As for the loss of more than 2,000 yuan, it is only equivalent to selling a few tons of sucrose, and it is regarded as paying tuition.

He's now completely figured out the futures thing.

Today's one-day experience in the futures market has made him gain a lot, which is more cost-effective than participating in those factory director and manager training courses. Those training courses cost so much tuition for ten days and half a month, but after the study, my head was still empty, and I didn't feel any gain, but it was more like a vacation trip.

Wu Bin stood in front of the wide glass window in the office, drinking the freshly brewed West Lake Longjing in the thermos cup, and was in a good mood.

In the last month or so, the business of the following three branches has been doing well, and more importantly, at the same time, the price of cane sugar has been steadily climbing. If this trend continues, the benefits of this season are very good. It turns out that my worries are now a little too worried.

Seeing the continuous rise in sugar prices, Li Xin, who hesitated and missed this wave of market, had a very complicated mood.

The futures sugar price of the Jiangnan Commodity Exchange followed the previous wave of continuous limits, and the price of the main contract T605 broke through 5,400 yuan at the highest, and then pulled back slightly, and now the price is hovering at a high level of 5,250 yuan.

Although everyone is unanimously optimistic about the market outlook and thinks that sugar prices will rise, Li Xin feels that he is not sure, and he continues to chase high and long at such a price, and he really has no bottom in his heart, so he has been empty, waiting for the right opportunity, and every day is to pay attention to the price changes in various places and collect information.

Fortunately, the connection with the Guidong Sugar Trading Center and the Nanhai Commodity Exchange has been established, and now every day after the close of trading at 15:00 in the afternoon, the fax machine on Li Xin's desk will receive the trading data of the three markets, including the provincial commodity exchange.

Li Xin knew that the data he received every day was important, but gradually, he became a little accustomed to it, and it took a long time for Li Xin to really realize how important it was.

At that time, there were no more than ten people in the province who could know these data in time like Li Xin every day!

Judging from the trading data of the three places, the futures price in Jiangnan is still slightly low, which should be caused by geographical factors. The freight of the sugar here to the sales area is higher than that of the other two production areas, and if the price is not advantageous, the market will not be opened.

"During this time, it seems that there is nothing going on in the company, quietly. Li Xin said to Xia Xiaona.

"I guess I'm on a business trip, and I'm busy buying sugar. Xia Xiaona replied.

Li Xin wanted to talk to someone and learn about the recent sales price of the sugar factory, so he lit a cigarette, walked out of the office, and came to the sugar sales branch next to him.

One of the business offices of Nuoda was empty, and there was no one at the six or seven desks, only Gao Hui sat at his desk and smoked.

Li Xin asked: "Why are you the only one here, so idle?"

Gao Hui said: "I went on a business trip, I am a left-behind person, responsible for answering a phone call or something." ”

Li Xin looked around and said, "Usually you have the most people in this office, but now you are the only one left, no wonder I feel that there is no one in the company!"

Gao Hui threw a cigarette over the table and said, "I went to the sugar factory to buy sugar." ”

Li Xin stretched out his hand to catch the cigarette he threw over, and asked, "Is it so troublesome to buy sugar?" In the past, I always felt that you were selling sugar relatively loudly, and you ran here and there from outside the province. ”

Gao Hui said: "In the past, it was relatively easy to buy sugar, as long as the quantity and price were set with the sugar factory, and they were sent to the designated warehouse, we could inspect the goods in the warehouse, and the sugar factory would go to the company to collect the money." Isn't this year special, sugar factories are reluctant to sell sugar and wait for the price to rise, so we also have to go to the factory to do work and take the cash to buy sugar. ”

Li Xin thought for a while and said, "It's so difficult for our company to buy sugar, so isn't it even more difficult for other companies to buy it?"

Gao Hui replied: "We are actually quite good, there are dozens of sugar factories in the province, and there are always one or twenty that are closer to us, as long as we come to talk, if the price can be negotiated, we can always get the goods, but it takes a little more trouble than before." It is not easy for those companies outside to buy sugar, and they can't get first-hand sugar from the sugar factory, and there are a lot of people who want to buy from us. ”

Li Xin said: "The price of sugar has risen rapidly in the past month, and the futures price on the Jiangnan Commodity Exchange is close to 5,300, and the ex-factory price of the sugar factory is about the same as this price, right?"

Gao Hui said: "The delivery price to our warehouse is about this price. Did you know? I heard that several delivery warehouses designated by their exchange are also near our warehouses, all of which are in several major railway transfer stations in the province. ”

Li Xin said: "In this case, the futures price and the delivery price of the warehouse should be more than the same, otherwise, the futures price is too high, and the sugar factory will directly sell the sugar on the exchange." ”

Gao Hui said: "The truth is this, but we have less contact with futures, and even fewer people in sugar factories understand futures." Of the dozens of sugar factories, I heard that only seven or eight of them have opened accounts on the exchange, and only two or three actually sell sugar in them. ”

At this time, a salesman came in and said to Gao Hui: "Manager Gao, Mr. Tang called and said, let me tell you to check how many tons of sugar can still be imported into the warehouse at Fuwei Station, and then call him back." ”

Gao Hui said, "Okay, got it." ”

Li Xin saw that Gao Hui had something to do, so he said to him: "You should be busy first, and I will talk to you when I have time." He turned and walked out of their office.

Li Xin walked down the corridor and saw that the office door of Yao Juncai, the general manager of the material branch, was open, so he went in.

Yu Hong was the only one in the office, writing something on the table. She was assigned after graduating from the Young Industrial School and worked as a warehouse clerk in a material company. When Li Xin smoked at the office window, she was often seen coming and going in the material warehouse across the building.

"You Yao Zong aren't here?" asked Li Xin.

"No, I went to the sugar factory last week and haven't come back yet. Yu Hong said.

Li Xin sat down across from her table and asked, "What are you writing?" ”

Yu Hong smiled and said, "I didn't write anything, sort out the warehouse list." If you make a mistake and the goods and the list don't match, then I can't pay for it myself?"

Li Xin asked, "You Mr. Yao also bought candy, right?"

Yu Hong said, "Yes, how do you know?"

Li Xin said: "Now the whole company is up and down, except for the head office and the finance department, there are few people in your three branches in the office, don't they all buy candy?"

Yu Hong said: "Also, it's been quiet these days. ”

Li Xin asked: "You are different from the sugar sales branch, there is no sugar warehouse, where do you buy the sugar?"

Yu Hong replied: "I heard Mr. Yao say that the warehouses are all rented temporarily, and some sugar is directly placed in the warehouse of the sugar factory after being bought. The same seems to be the case with alcohol sales branches, where alcohol is stored in warehouses, and the cane sugar they buy can only be stored in rented warehouses. ”

Li Xin said: "Downstairs, your material warehouse should also be able to stack some sugar." ”

Yu Hong pouted and said, "You haven't been in that warehouse, have you?" There are too many miscellaneous things in it, and there are many rubber products, and the smell is too pungent, I'm afraid you can't put sugar in it." ”

Li Xin said, "Oh, that's it. ”

He originally wanted to ask their company about the quantity and price of sugar bought by the company, but then he thought about it, these data are relatively sensitive, and Yu Hong may not know, so he didn't ask again.

Back in his office, Li Xin sat on the sofa and looked through the recent issues of "Sugar Industry Information", his mind full of futures prices and ex-factory prices of sugar factories.

Do you want to go long or not? Li Xin was a little entangled.

On the one hand, all dealers are unanimously bullish and have bought one after another, and sugar factories are also reluctant to sell. On the other hand, his inner intuition told him that after such a large rise, if he chased high and long, there was no room for upward movement, but it was difficult to predict how much room for growth.

After weighing the pros and cons, Li Xin decided to take the approach of making himself feel at ease and take a short position!

Tang Jianhua received a call from Gao Hui, saying that the warehouse at Fuwei Station was basically full, and there was no way to fill it with more sugar.

He had no choice but to immediately go back and call the director of the sugar factory, saying that he could not find the warehouse for a while, and the ordered batch of cane sugar could only be temporarily stored in the warehouse of their factory.

The other party has been looking for various reasons to shirk, Tang Jianhua also knows that now the sugar factory is unwilling to sell sugar, and the warehouse is indeed not rich, but these sugars are easy to talk about, so they can't give up because of the warehouse.

He thought about it, this sugar is in the sugar factory, there must be a place to store it in the factory, it can't be in the open field. The other party's words are just excuses.

Sure enough, going around and around, in the end, the director of the factory finally relented, but proposed that it was okay to put it in the sugar factory, but the storage fee should be increased.

When Tang Jianhua heard this, he secretly scolded in his heart: Damn! If the price of sugar has risen, the storage fee will also rise, isn't this taking advantage of the fire to rob? Have you forgotten how you talked to me when the sugar was not selling well in the past?