The five steel futures exchanges all have very mature management systems.

Because the futures exchange is established after the great development of other commodity exchanges has contributed to the extremely mature market.

One of these rules and regulations is the current trading volume, which is the upper limit on the number of contracts for each commodity in the market as a whole.

This, in turn, is directly related to the production and demand of this commodity.

If there is only 10,000 tons of output, but a futures contract of 20,000 tons is created, it is obviously encouraging inflated and fraudulent output.

Now it is also reflected in the fact that a single customer cannot have too many contracts.

Those large merchants, if they are desperate, it should not be a big problem to sweep the market, especially if it is for a specific commodity.

In the same way, it is not surprising that they may make a big profit or a big loss, but one thing is certain, the order of the market has been disrupted.

Because from the design purpose of the futures market, it is to balance demand, stabilize the market, and ensure that both the production side and the consumer side can maintain normality.

As soon as those people engage in some abnormal market behaviors, the purpose of setting up futures will be frustrated, and even the normal order will be destroyed.

Therefore, it is intolerable to all the higher-level departments of the futures market.

However, these prohibitions do not work for those big ones.

For example, Mittal Steel has a thousand ways to start an account that has nothing to do with his name, and then concentrate it for his company.

And so on, so is Nudu.

Although he does not have the same wealth as Mittal and can open thousands of accounts at every turn, and it is not easy to open 180 accounts, it is still easy to open enough accounts for his own use and break through the superficial restrictions of the relevant local authorities.

Therefore, these technical obstacles are not enough to worry about the battle between these futures predators, and the real test is the judgment of the overall market situation, as well as the timing and quantity of the entry and exit of the contract.

Mittal's judgment and operational skills are top-notch, and the results should be as expected.

The only factor beyond his grasp that he couldn't know in advance was Qiao Zhi's massive need for steel.

How big is this need?

Qiao Zhi himself didn't know.

In any case, it is so big that all the factors that caused the price to fall sharply due to the increase in production are completely canceled.

It was this single factor that propelled Mittal into his current position.

Judging from the current situation, there is only one way for Mittal to get out of the set, that is, Qiao Zhi suddenly changed his mind, and the steel is no longer needed, so he has no reason to buy it.

Of course, there is also a kind of but, Qiao Zhi still wants to continue to buy the same amount of steel, but unfortunately he has no money.

There are unforeseen circumstances in the sky, people have good and bad luck, who knows what will happen?

"Lao Nu, I remember when I was fighting with Brother Tong and Brother Tong, there was the problem of opening an account on different futures exchanges, and this time it seems that this problem is more serious, because there are only five in the world, but you have solved it without encountering any difficulties, so that there are no other obstacles?"

Nudu said: "Hehe, how can there be so many good things? But there are many troubles with my veteran, it is nothing, everything is solved, there is only one thing, a little trouble." ”

"What's that?"

Qiao Zhi asked curiously.

"It's the limit of the entire trading volume, and the various specifications and varieties of the various exchanges add up to 100 million tons, which is exactly equal to the total output of Mittal's wages! That is to say, if we trade normally, it will only be a year for us to eat up their company's entire output. ”

"If so, what will be the impact on Mittal?"

"If there is only this level, they can only be affected by the current transaction price, for example, the normal price is $500 a tonne, because they expect that the price will be drastically reduced at that time, and in the extreme, it may be worthless, so in order to stop the loss, they may sell it for $200 a tonne, and of course it may be $300 a tonne! In this way, they will receive $200 to $300 less than the normal price, and if their cost is $400, then they will lose $100 to $200 per ton. ”

"Doesn't that mean that they have to lose $20 billion in 100 million tons of production?

Qiao Zhi exclaimed.

These rich people are really amazing, and even the losses can be so magnificent.

"$20 billion is really a big deal, but it's not enough for him to afford! Our goal is to make him lose even more, and we have to plan for this! The biggest obstacle is the total amount control, that is, the whole world together has only 100 million tons. ”

"Do you have a way?"

Joe's eyes widened.

"Yes! It is to vigorously develop options, and under the condition that the total amount remains unchanged, expand the trading volume several times, more precisely, it is a mechanism for making money! Of course, for Party B to lose money, it is to expand the possibility of losses. ”

Just like the real estate market in previous years, although there is only one mortgage, dozens of derivative products have been developed according to the interest of the mortgage, so that investors can obtain income dozens of times higher than the mortgage interest! Of course, if something goes wrong, investors will lose money. ”

"That's right, that's it! If you don't do more, you can make futures derivatives that are two or three times more than the 100 million tons of steel, so that his losses will be four or five times more, and you can be satisfied. ”

"That's right! Not to mention four or five times, two or three times is fine! So what is the result, did that Mittal get into the hub?"

"No! He's not that stupid!"

Nudu said no, but why are you smiling, like the fox caught the old hen?

It turns out that there are variables in between.

Mittal is indeed safe, although there is basically no hesitation to enter futures trading, but it is much more cautious to enter options trading.

And he also knew that any trade that exceeded his output was speculation.

At both ends of the first rat, the market is rising again.

Baosteel, the largest company in China, the Nippon Steel Company of the Dongying Island Country, and the Pohang Steel Company of South Korea, all issued statements one after another, saying that they were trying to triple the growth of Tianzhu and increase their own production by two to three times.

And the Mittal Institute of Technology is like a mirror in his heart, these three are colluded and are aimed at them!

This feud is still eight years in arrears, in order to buy a steel company in Europe. As a result, Mittal was preceded by Mittal and then became the world's largest steel company.

The total production is more than the three combined.

Seeing the actions of the three, Mittal no longer hesitated, and immediately shorted another 200 million tons of options!