Chapter 286: Profiteering
(.) Director Huang's regret was fleeting. ()
He turned his heart sideways, looked at the white line jumping on the screen, closed his eyes and said: "The current oil price is only a small shock, maybe there is some bad news, but the general direction will not change, with the progress of the war, oil prices will rise all the way." Unless Iraq is completely destroyed in terms of war power. ”
The second half of his sentence was looking at the fat expert.
Except for Zhu Enbo, the only ally he could win was him. Zhu Enbo's status is too low, and it is not bad to trick this military expert into warming up.
Decades of officialdom, where can a stupid expert of a school resist. The fat expert was deceived by Director Huang's firm tone and neat movements, and what Director Huang said was exactly what he wanted to say, so without any twists and turns, the fat expert said with a smile: "I agree, Iraq's air force and air defense are weaker, but the armored forces are extremely strong, and they have not been destroyed much, and when it comes to the ground war, these troops will surprise the Americans......"
Sioux City gave up on correcting him completely, and took it upon himself to direct his own traders.
Director Huang is still talking about what oil prices will rise, Su Cheng is just sighing, reluctant to sell when it rises, and expecting a rebound when it falls is a common mistake made by amateurs, for people who can't follow the stop loss point to control themselves, the best way to deal with such problems is to stay away from the market......
Director Huang is a standard amateur, but he has a degree in economics and is a bureau leader, but not only did he not stay away from the futures market, but he actually led the operation.
Fortunately, the many orders of the national reserve have been thrown away, and the pure mouth cannon has no impact on Sioux City.
Director Huang, Zhu Enbo, and the cadres of the organs who participated in this matter have nothing to do with Su Cheng or not.
Oil prices have fallen and fallen, like a slide.
It's almost lunchtime. Oil prices fell below $30. There was no pause in the middle, and there was no sign of the pass, and it just gradually fell down. Then continue slowly downward, with no end in sight.
Duan Yuanguang secretly calculated to himself and tilted his body. Said to Zhou Lao and Su Lao: "On the 16th, Dahua made 200 million US dollars, and when it rose just now, it made a lot of money, and when it fell, do you want to make a lot of money?"
Professor Dai whispered "yes", and said: "When it rises, it is 40 million barrels of oil, earning more than 450 million yuan, and when it falls, there are more than 40 million barrels, with an average price of 40 US dollars." Now it's 400 million again. ”
"Billion dollars. This time, Zhou Lao couldn't be calm.
China's foreign exchange reserves have just exceeded the $10 billion mark, just a few days. That's all that much money can be made in one company...... Everyone was actually a little stunned.
"This thing. How to deal with it?" asked Director Mao cautiously.
"What to deal with?" Zhou Lao glared and said, "There is no loss to the country. Chinese companies are making money, and that's a good thing. However, don't advertise it, you look at the National Reserve Center, and almost lose tens of millions. This kid from Sioux City is a talent in the futures market. However, it is also very dangerous. ”
Director Mao nodded thoughtfully. With such a command from above, every word has to be chewed clearly.
Su Zhenguo also said: "This futures market is changeable and unpredictable, we should learn, but the capital should not be too large." ”
"After I go back, I will rectify the National Reserve Center. Director Mao's words decided the fate of Director Huang and Zhu Enbo.
Director Mao is the deputy director in charge of the State Reserve Bureau, and Su Zhenguo is the director in charge of the overall situation, and the decisions they make together are fatal to the State Reserve Center. Director Huang watched them speak, his heart hung in the air, and when he saw Director Mao's smile, his heart fell suddenly, like oil oil, and it was neatly broken in half.
Sioux City stretches and declares the end of the most intense phase.
Oil prices are now oscillating between $25 and $30, returning to pre-war levels, and soon, with the failure of the air strikes, oil prices will fall to the $20 to $25 range, and then, with the defeat on the ground in Iraq, oil prices will fall below $20 and eventually stop here.
For Sioux City, he already has 600 million in his pocket, and 100 million dollars as margin left in the futures market. When the price of oil falls to around $20 and is thrown, he will make another $800 million.
If all goes according to plan, the ground fighting in the Gulf War will be over, and Dahua Industrial's total cash will exceed $1.5 billion, with total assets exceeding $1.7 billion.
It can be said that the Western Petroleum Company, which did everything it could to rein in, gave up its great profit prospects, and all cheapened Sioux City. The $1.5 billion in profits from the Gulf War will eventually be passed on to American consumers.
Although Su Zhenguo and others could not see the $500 million profit generated by the continued decline in oil prices, for them, the profit of $1 billion was enough to surprise.
Zhou Lao quickly called Su Cheng to his side and asked carefully.
Even national leaders can't afford to take $1 billion lightly. However, Su Cheng, a futures trader who purely relied on "early knowing", could hardly give any constructive advice, and everyone could only look at him with envy, attributing his success to messy things like luck and talent.
After a while, the price in the futures market stabilized.
The staff of Dahua and the State Reserve Center packed up their equipment and left. Director Huang walked out of the land of his dreams step by step, and this was also the last time he set foot in China's highest government agency in this life.
Zhu Enbo is very resolute, he made a bigger mistake than Director Huang, not only is the director's official position lost, but it is very difficult to stay in the national reserve center.
Su Cheng was left in the room by Zhou Lao.
After the idlers left, Zhou Lao asked with a smile: "Su Cheng, what are your plans next?"
At times like these, the slightest mistake can change things. Su Cheng suppressed his quick answer, thought about it carefully, and then made a decision, and replied: "I plan to expand the construction of the methanol base, and then actively get involved in the Haicang plan." ”
He said a half-truth. If Su Cheng is allowed to make a choice now, he would rather build a petrochemical base by himself than get involved in the Haicang plan, and if he makes a sort, it should be the order of building an independent factory and getting involved in Haicang and methanol bases.
But when it came time to answer, Sioux City reversed the order. Because the methanol base uses the least amount of capital, and the second is to set foot in Haicang, and the cost of self-built Haicang base is huge.
Su Cheng reversed the order in order to see Zhou Lao's intentions.
As an oil-started business owner, Sioux City sees political and business cooperation as normal. Only oil companies supported by the state have a future, and just as oil companies must support the state. Bush Sr. wants to fight Iraq, and all the oil companies in the Western world have died down, and they don't make money if they see it. In the past, Cuba, now Libya, and later Sudan and Iran are all resource-rich countries, and the United States has a ban on economic blockade, and sure enough, no oil companies rush to it.
Compared with the "Seven Sisters", China's three barrels of oil are far from enough.
Zhou Lao was not surprised by Su Cheng's answer, and said with a smile: "Dahua is a powerful company, and we support Dahua to actively develop into the petrochemical industry." Well, it's normal for Formosa Plastics to have doubts about the Haicang plan, and it would be good if Dahua Industrial could help them dispel their doubts. ”
This is the first time that the government has approved Dahua Industrial's participation in the Haicang Plan.
Su Cheng nodded excitedly and said, "Great, with the support of Old Zhou, we will definitely actively participate in the Haicang plan." On the one hand, let them commit to the investment as soon as possible, and on the other hand, it will also create a situation that is beneficial to us. ”
"Well said. However, after investing in the Haicang plan, there is not much money to do such futures trading. ”
"There weren't any particularly good opportunities for the next few years. When the Gulf War is over, I will withdraw from the futures market. When Su Cheng said this, he couldn't help but smile when he saw the strange expressions of several people, and said, "I judge that the war will end in two months, and if it doesn't end at that time, I will also withdraw from the futures market." ”
"Don't lose too much. The initial capital investment of the Haicang plan is at least 700 million US dollars, and even if it is a bank loan, the initial investment will not be less than 500 million US dollars. Su Zhenguo lightly mentioned.
Sioux City quickly woke up to the fact that the $700 million investment was exactly what he had proposed for the Independent Big Ethylene Plan. Su Zhenguo said this, which means that it is possible for him to build a petrochemical base independently.
It's not easy.
After 1998, there were many obstacles to the construction of petrochemical bases by private parties, and even by foreign investment. Not to mention the domestic private sector.
Because of the enterprise reform in 98, Sinopec and PetroChina have been reorganized, so that both companies have upstream oil fields and downstream petrochemical enterprises, resulting in certain competition.
Although this competition is not very sufficient, it still greatly enhances the strength of the two enterprises. Moreover, it has also raised the threshold of the petroleum and petrochemical industry.
Before 1998, whether an enterprise wanted to enter the upstream or the downstream, it was only facing a central enterprise such as PetroChina or Sinopec. After 98 years, we will face two food protection companies, and there will naturally be fewer and fewer things like left and right.
Su Cheng's mind turned, and he quickly made a decision. Seize this opportunity.
He pursed his lips and said tentatively: "Dahua Industrial currently only needs 200 million yuan of working capital to operate normally. With $1.4 billion in two years, we still have the capacity. ”
1.4 billion yuan in two years, of course, is the expenditure of self-built petrochemical bases. Because of the political significance of the Haicang Plan, no one said anything about replacing Haicang, but only talked about it as part of participating in the Haicang Plan.
Zhou Lai thought for a while and said, "I think you can consider it." However, it can only be used as a supplement to Formosa Plastics. ”
He did not say whether it was a supplement to the Haicang plan or a supplement to the Haicang plan. It shows that Zhou Lao personally still hopes that Formosa Plastics will continue the Haicang plan.
If it were anyone else, it might be a little disappointed, but Sioux City knew that Formosa Plastics' ambiguous life would not last long.
……