Chapter 179: First acquaintance with Liang Zhigao

Liang Zhigao began to get involved in the scrap copper industry the year before last, partnered with a few friends, raised a large amount of money, and specially purchased a large number of processed scrap copper, and then sold it to copper smelting enterprises at a high price, so as to earn a huge price difference. At the beginning, the market was very hot, copper prices were rising wildly every day, Wu Jiming and Hu Qi they also followed the market closely, each time the shipment price was different, Liang Zhigao had many transactions with them, was their biggest buyer, although each purchase price was rising, but this is due to the market situation, both sides have made a lot of money, and naturally they have been cooperating happily.

However, the recent decline in the international copper market, the price began to decline, at the beginning everyone thought that it was a temporary adjustment, the market will soon pick up, therefore, everyone is covering the goods, waiting for the price to sell. Wu Jiming and Hu Qi also took the opportunity to lower the purchase price and swept a large number of goods from the processing plant, which was already full of bundles of processed scrap copper.

Liang Zhigao and the large copper companies they supplied were urging to buy goods recently, but the price dropped a lot with the international copper price, and Liang Zhigao's profit margin shrank sharply, so he was anxious to come to Fengcheng and wanted to discuss with Wu Jiming and them in person.

Fengcheng is the most famous recycled copper production base in the country, with an annual output of nearly 400,000 tons of recycled copper, accounting for nearly one-third of the country's recycled copper output. Since 2004, the price of copper has risen sharply, from 16,000 yuan/ton in 2002 to 80,000 yuan/ton in 2005.

Wu Jiming once told Lin Qiang, at that time, it was like a big pie falling from the sky, no matter whether he would do business or not, as long as he could raise funds to invest in it, he entered the market in the second half of 2004, and Wu Qi and they jointly raised nearly 50 million yuan to enter this eye-catching industry, specializing in the purchase of a large number of processed recycled copper, at the beginning of the purchase of about 30,000 yuan per ton, after a period of stockpiling, and then at four per ton, Sold at a price of 50,000 yuan, earning a huge price difference, the most time was a single-day shipment of more than 300 tons, earning nearly 5 million yuan. Later, although the price of copper in the processing plant rose, resulting in high acquisition costs, the price at which they sold also rose, and although the profit margin was not as good as before, there was also a difference of 7 or 8,000 yuan per ton.

In the two years from 2004 to 2005, recycled copper created a large number of multimillionaires who became rich in Shitang Town, Fengcheng. These people who got rich put all the money they earned into it, and even more frantically went to various processing factories to buy processed recycled copper, and even many people did not hesitate to borrow at high interest rates, crazy stockpiling, and many people rented special warehouses, put hundreds of tons, even hundreds of tons, thousands of tons, and waited for the price to rise. Wu Jiming also has hundreds of tons of recycled copper in their warehouses for many years.

Liang Zhigao has a sales outlet in this area with his partners, and has been steadily purchasing from Wu Jiming. After entering 2006, the international copper price fell sharply, causing a chain reaction in the market, Fengcheng here recycled copper shipment price also fell from the peak of 80,000 yuan / ton in 05 years to less than 60,000 yuan, a decline of nearly 3 percent, Liang Zhigao they supply several copper companies have also significantly reduced the purchase price, entrusted by the partner, Liang Zhigao and Wu Jiming and Hu Qi discussed, hoping that they can reduce the shipping price accordingly.

Liang Zhigao is Wu Jiming's biggest customer, and each purchase volume exceeds 100 tons, so his opinion will naturally attract Wu Jiming's attention.

Wu Jiming also called another partner to KTV, and the three of them discussed it after some discussion, and finally at the insistence of Hu Qi, they decided that they could only give Liang Zhigao a small part of the profits, and did not agree to significantly reduce the shipping price, they firmly believed that the decline in copper prices was only temporary, and according to the past market trend, it would resume rising after the year.

Wu Jiming originally wanted to follow the market and ship quickly, since the Spring Festival, they have only received the goods, and have not yet shipped, and now there are nearly 2,000 tons of copper in the warehouse, according to the average purchase price, the backlog of funds exceeds 90 million yuan, not only all their early profits are all bet in, but also each person has added 5 million funds. Although Wu Jiming did not have to borrow from others, he invested 20 million yuan in the processing plant, and more than 10 million yuan was also invested in the processing plant, and the Yangzhou Hechong remediation project also needed to be invested.

Liang Zhigao naturally couldn't accept Hu Qi's concession plan, but the business was not negotiated, and it did not affect everyone's interest.

"Remember, I have listened to Mr. Liang's analysis of the current international copper market and think it is very reasonable. I don't know much about this industry, so I can only remind you intuitively to be aware of market risks. Lin Qiang said.

Everyone returned to Wu Jiming's office from KTV. Wu Jiming asked people to make some soup noodles and other suppers, and everyone talked while eating, and Liang Zhigao and Xie Yong also stayed here tonight.

Wu Jiming thought for a while and said, "Mr. Liang, the other two partners insist on that, and I can't say anything." You see if this is good, my own processing plant has produced more than 100 tons of copper since it was put into operation, and I will take you over tomorrow to see. ”

After Lin Qiang's reminder, Wu Jiming decided to show the recycled copper from his processing plant first.

Lying in bed late, Lin Qiang recalled Hu Qi's speculative methods, and sighed a lot, sometimes wealth comes really easily, but he really didn't dare to get involved in this kind of high-return, high-risk speculation, even the unusually hot stock market some time ago, Lin Qiang didn't want to participate, only honestly doing his own business, although it is impossible to get rich in one day, but at least he can control the risk, and he has a sense of steadfastness in his heart.

He thought of the suggestion put forward by Secretary Yan and them in the evening, and thought about whether it was possible to set up a whole home improvement branch in the old town of Fengcheng in the name of the trendy brand company, which was managed by the class foundation, and the trendy brand company provided product and technical support. South China Decoration City in the new city, the business should not have a lot of conflicts, on the contrary, it will become a supplement to the overall home decoration hall of Fengcheng trendy brand, and some businesses can be directly transferred to the home decoration hall here in South China Decoration City, which is mutually beneficial.

Of course, this is just an assumption, and Lin Qiang has not had time to plan it specifically. Zhao Yuanfang called and said that the school wall will be officially constructed next week, and Lin Qiang will have to rush back to Gaoqiao countryside early tomorrow morning to ask Cao Zhiping to organize plastering workers to go to Yangzhou for construction.

He Yuan also called to say that the temporary workshop would be built soon, and the equipment could be organized. Many of Lin Qiang's future plans in Yangzhou are closely related to the remediation project, and it is also the key to whether he can finally get Jiang Rongsheng's recognition and support.

"Confucian Merchants" is currently being written online, and I hope to see everyone's comments and suggestions.

Friends who are waiting for more can read "Time Apocalypse" first to learn about Lin Qiang's early growth experience. Thank you very much!