Chapter 499: Let's see who has the last laugh
Qin Hai pretended to be bitter and hateful, and entangled with Changyou Yonghei again, and finally seemed to be forced to reluctantly initialize a letter of intent with the other party to determine the details of the exchange of rare earths for steel.
The contents of the letter of intent include:
Chunshan is responsible for helping Daqin Group obtain a seller's credit of US$1.5 billion in Japan for the purchase of steel products from Nippon Steel and other companies, and the FOB price of steel is not higher than the wholesale price of similar steel products in the Japanese market;
Daqin Group promises to provide Chunshan Company with a series of products, including rare earth oxides such as dysprosium oxide and terbium oxide, every year in the next 1O years, and the price shall not be higher than the current supply price agreed by both parties.
Both parties are obliged to keep the content of the agreement confidential and shall not disclose the trade secrets involved to unrelated parties.
After getting the letter of intent signed and stamped by Qin Hai, a smile bloomed on the face of Changyou Yonghei. Although the price of rare earth products stipulated in the agreement is more than ten times higher than a few months ago, it is still a lot lower than the price originally expected by Chunshan Company, and Nagatomo Eiji can be regarded as able to explain to the company.
The most important thing is that he got a supply contract for up to 1o years, which means that Daqin Group can no longer interfere with the production of Chunshan Company by means of price increases and production restrictions in the future, and Chunshan Company can continue to improve the performance of dysprosium terbium ferroalloy and occupy the high-end market of this new permanent magnet material.
As for the matter of contacting the seller's credit for the Daqin Group, Nagatomo Nagatomo was not worried at all, because this matter did not harm Japan's national interests or corporate interests, and he believed that with the energy of the Haruyama Company, he could completely do this.
The $1.5 billion sell-side credit is not a big amount to spread across a few banks, and the Daqin Group, which owns a range of industries such as steel, ceramics, and rare earths, is huge enough credit to make Japanese banks willing to lend.
Qin Hai's face didn't look as good-looking as Nagaso Yongji. It seems that it has suffered a big loss on the issue of rare earth prices, but there is nothing to be done. However, after seeing off Nagatomo Nagatomo and Sadao Hirano, Qin Hai stood at the door of the office, the corners of his mouth that had been tense finally opened and he laughed silently.
"Mr. Qin. These two Japanese are very happy, they don't even notice the trap you have set for them. Su Yabo stood beside Qin Hai, watched the taxi of the two Japanese go away, and said to Qin Hai with a smile. He could see that Qin Hai was in a very good mood, and he didn't compliment the leader at this time, let alone when.
"Xiao Su, you can't talk nonsense, we are friendly partners with Chunshan Company, how can we say that it is a set?" Qin Hai corrected Su Yabo's statement with a smile.
Su Yabo hurriedly said, "Yes, yes." We signed this letter of intent with them for the purpose of friendly cooperation, and our Daqin Group has made a lot of sacrifices for this. ”
"Well, these are things to say over and over again to the employees in the office until you believe in them." Qin Hai explained.
"I'm convinced of it now." Su Yabo laughed.
Compared with the blind optimism of Nagaso Yonghei, Qin Hai is the one who has the last laugh. To be able to exchange such a letter of intent for the seller's credit provided by the Japanese side, and then obtain 5oo tons of imported steel, which is for Daqin Group. It's a sure-fire business, and the profits in it are surprisingly high. How could Qin Hai not be happy?
Due to the hype secretly planned by Sun Zhenjiang, Pittston and others, the price of steel in China's domestic market has climbed to a level of nearly 3ooo yuan per ton, which is equivalent to more than 5ooo dollars at the current exchange rate. The price of steel in the Japanese market is less than 35o US dollars, and even if you add freight and other expenses, there is a price difference of more than 1oo US dollars per ton of steel and the domestic market. 5oo tons means a profit margin of $500 million.
Qin Hai imported these steel products and forced Sun Zhenjiang and other speculative businessmen to eat them, which not only solved the predicament of the State Planning Commission, but also made profits for himself, such a good thing. Why not?
As for promising 1O years of rare earth supply to Chunshan Company, this is what Daqin Group originally wanted to do. No matter how precious rare earth is, it is impossible to completely hold it in your hands and not sell it, the international market pays attention to mutual benefit, and it is easy to attract criticism if you do not provide your own resources to the international market.
In terms of price, the price of dysprosium oxide, which is $25o per kilogram, has actually reached its peak, and Qin Hai has no intention of continuing to increase the price at all. The research team led by Sun Yuzhi has made a breakthrough in the research of new rare earth permanent magnet materials, and the rare terbium and terbium ferroalloy that Chunshan regards will soon become obsolete technology, when the demand for dysprosium oxide and terbium oxide will plummet, and the price will plummet. The conditions that Qin Hai promised to Chunshan Company now will become some worthless terms at that time.
Regarding these details, Qin Hai did not say anything to Su Yabo, he just told Su Yabo to actively cooperate with him and sing a double reed to the Japanese. Su Yabo did this, and he knew in his heart that there must be a mystery in it, as for how Qin Hai calculated the Japanese, Su Yabo couldn't figure it out. Of course, he is also very smart not to ask about it, and you have to play stupid even if you know what the leader doesn't want you to know.
In the era before the Internet was widespread, the spread of information was very slow and the scope of dissemination was extremely limited. The transaction between Daqin Group and Chunshan Company on rare earths for steel has not attracted any attention in China due to Qin Hai's deliberate concealment. In the State Planning Commission, only Wang Hongsheng and a few high-level leaders knew about this, and they were also very cautious to keep this secret, in various meetings related to the steel market, all the leaders did not mention the matter of the Daqin Group, on the contrary, they also showed a worried face, as if the steel problem was about to be unsupportable.
"Ladies and gentlemen, I would like to tell you a piece of good news, according to the information provided by the internal line, seventy percent of the steel reserves in the hands of the Planning Commission have been consumed, and the remaining steel belongs to the country's strategic reserves, and they dare not put it on the market. We expect that the Planning Commission will be able to come up with a maximum of 100,000 tons of steel to save the market, and when the 10,000 tons of steel are used up, the price in the market will be completely up to us. ”
In the living room of the villa on the outskirts of Beijing, Sun Zhenjiang announced to the friends who came to the meeting with great ambition.
"Great, it's the end of the day!" Liang Zhaohui took a long breath and said with emotion.
"Liangzi, don't be discouraged, you have to keep up the good work, you know?" Sun Zhenjiang said.
"It's not easy for me to survive until now!" Liang Zhaohui complained, "Do you know how many banks I begged? In some provinces, the governors of the turtles couldn't get much out of the loans, and the shelves were very big, so in order to take them down, I ran my legs thin, and I drank at least a dozen times in the past two months. ”
"Haha, Liangzi is tired." Sun Zhenjiang patted Liang Zhaohui on the shoulder and said, "Liang Zi, don't worry, the hard work you have paid will be rewarded immediately." When the price of steel rises to 45oo, the money you borrowed will immediately double, and when you repay the loan, all those turtles will have to watch you drool. ”
"Zhenjiang, now a ton of steel is only 32oo, why do you think it can rise to 45oo? I think we have to accept it when we see it, and when it comes to 38oo and 39oo, we can throw it away, and whoever is a fool is willing to take it, let them take it. Ling Yiping said that he was used to buying and selling, and he was very sensitive to price changes.
Sun Zhenjiang shook his head and said:
"Yiping, you have to know that this is the last price reform in China, and it is impossible to encounter such a good opportunity in the future. If we don't make enough money this time, we'll have to regret it later. I tell you that the State Planning Commission was able to control the price of steel within 25oo at the beginning, but now it has risen to 32oo, and it is said that the chief director of the Planning Commission has been trained several times.
You say, under such circumstances, why didn't the Planning Commission push down prices? Would you rather be disciplined from the top? ”
"I'm afraid they can't hold it down, right?" Guo Kaining guessed, "With the behavior of those officials in our country, if they can do something, they will definitely not wait for the top to train." Zhenjiang: As you said last time, the matter of prices is a political task, and if the Planning Commission has the ability to keep prices down, how dare it let it go like this? ”
Sun Zhenjiang laughed: "Kaining has been in the ministry for a few years, and it is really extraordinary. That's right, according to my opinion, of course, it is also Pittston's opinion, the State Planning Commission is already poor in donkey skills, and it is completely unable to control the price of steel, so the price will rise to 32oo.
At present, the Planning Commission is still figuring out ways to sell the reserves to lower the price, but there is not much reserve left that they can take out. At this time, as long as we can work harder and eat up the goods thrown out by the Planning Commission, those units that are in a hurry to use steel can only go to the black market to buy high-priced steel. At that time, not to mention 45oo, it is possible to reach the price of 5ooo and 6ooo. ”
"But I can't come up with any money." Liang Zhaohui hurriedly declared, "I have already borrowed money from all the banks that can get the money, and now there are still four or five bank presidents chasing me to repay the money, and I don't dare to answer their calls." Now that the Planning Commission is releasing goods out of the country, it can only count on a few of your brothers. ”
"I've run out of money, and if I don't sell the steel, I can't even afford to pay the rent for the warehouse."
"You can still afford to rent a warehouse, I have a batch of goods still in the train wagons, and I can't even find a place to unload them."
"Yes, if it drags on any longer, we really can't hold it back, and we have to pay interest on the loan from the bank, and it will cost tens of thousands of dollars a day."
The gentlemen complained one by one, although there was a bit of artificiality, but most of them were true. They are all riding tigers now, and it depends on how to unfold next. (To be continued......)
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