"Lao Pi, you think too much, the officials of the Planning Commission are not so smart. Besides, even if they had such calculations, they wouldn't do it, and they could watch steel prices rise like this? Sun Zhenjiang said with some disapproval.

"What if they did it on purpose just to lure us in?" Pittston asked, having previously shared the same optimism as Sun Zhenjiang, but now that he suddenly thought that he might be fooled, his thoughts were completely different. As is the case with a lot of things, when you don't think of a possibility, you're optimistic, and once someone says it's broken, all the optimism will collapse in an instant, and all the doubts that you didn't notice will come to mind.

"Sun, think about it, the Planning Commission has been putting steel on the market, but the amount they put into the market every time is not enough, just enough for us to eat it all. If they had put in 2 million or even 5 million tons at once, we wouldn't have been so bold to absorb these supplies. In the past, we thought that this was because the Planning Commission did not have enough reserves in its hands to do so. But now it seems that they have always had tens of millions of tons of reserves in their hands, and each time they only throw out hundreds of thousands of tons, which is clearly not intended to really control the market, but deliberately to make us have an illusion. Pittston said conclusively.

"You mean, Wang Hongsheng's old man's purpose is to let us eat the goods he threw out? But what was his purpose in doing so? Sun Zhenjiang still couldn't understand what kind of grudge he had with Old Man Wang, and Old Man Wang had no reason to do this to trap him.

Pittston shrugged his shoulders, too lazy to explain why. As a foreigner, his perspective on problems is very different from that of Sun Zhenjiang. Sun Zhenjiang thinks that it is impossible for the government to deliberately set up a bureau to cheat a company, but Pittston feels that it is normal for the market to cheat me. If you can calculate the other party, what reason does the other party have not to calculate yourself?

"Whatever his purpose, that's the reality. We thought that the Planning Commission only had 10 million tons of steel in its hands, but in fact they had at least 20 million tons, a figure far beyond our expectations. What's even more terrifying is that I suspect they even have more steel than 20 million tons in their hands. Just as we are ready to throw it when we can't eat it, to give us a fatal blow. Pittston said.

"20 million tons?" Sun Zhenjiang was finally willing to calm down and think about it, because the possibility described by Pittston was a little too dark.

In order to carry out this steel speculation, Sun Zhenjiang spent a lot of money. He bribed several officials within the Planning Commission to reveal to him the internal information of the Planning Commission. For the sake of insurance, he had simple contact with these officials, and these people did not know that the other people were also Sun Zhenjiang's insiders, so there was no possibility that Sun Zhenjiang could be deceived in a unified voice.

From these officials. Sun Zhenjiang learned about the Planning Commission's entire action plan for the reform of the steel supply and marketing system, and also knew that the Planning Commission had prepared 10 million tons of steel reserves in order to prevent excessive price increases. Because this number is important, Sun Zhenjiang has repeatedly verified it many times, and also asked people to visit several large steel factories to confirm that there is no problem with the number. It is precisely because of this core intelligence that he has so much confidence to do a big job.

At a time when the Planning Commission was using reserves one after another in an effort to stabilize prices, Sun Zhenjiang felt that he was confident and was not worried. He first asked Liang Zhaohui, Ling Yiping and others to eat the steel. When these little brothers' funds were almost exhausted, he began to continue to stock up with his own funds and the funds that were imported into China through the underground channels of the Jiezi Fund. Waiting for the Planning Commission's reserve steel to run out, he can make waves.

He was slightly surprised when the steel thrown out by the Planning Commission exceeded the originally expected range of 10 million tons, but then he received news from the Planning Commission that the steel was raised for such and such a reason, and that this was the last hope of the Planning Commission. Watch the price of steel in the market continue to climb. In addition to the rumor that the central leaders are extremely dissatisfied with the work of the Planning Commission, Sun Zhenjiang believes that the Planning Commission is indeed already poor in donkey skills, and it is not easy to collect hundreds of thousands of tons of steel for such a large market. It's just a drop in the bucket and won't solve any problems.

Sun Zhenjiang did not notice that when he explained the Planning Commission's rescue actions again and again with an optimistic attitude, the amount of steel put into the market by the Planning Commission had reached more than 20 million tons, which was more than double the figure he had originally grasped. It may be possible to increase the supply by hundreds of thousands or 1.8 million tons by using strategic reserves or working overtime, but it is impossible to say that it has increased by 10 million tons.

However, isn't it strange that this impossible thing really happened? Since Pittston's statistics are not bad, there is only one explanation, and that is that the Planning Commission concealed its strength from the outset. And what is the purpose of concealing strength, can Sun Zhenjiang still think of it?

"Lao Pi, you say, did the Planning Commission get support from somewhere?" Sun Zhenjiang asked.

"Who can support the Chinese Planning Commission? Unless it's ......" Pittston said this, suddenly stunned, he thought of a possibility: import!

To come to China to speculate on steel, it is certainly impossible for Pittston not to think that the Chinese government will import steel to make up for the gap between supply and demand. The meson fund has predicted that the Chinese government is extremely short of foreign exchange, and even if it wants to import steel, the quantity is very limited, which is not enough to influence the entire market. During this time, Pittston operated in China, and the Meson Fund was not idle abroad, and monitoring the Chinese government's procurement behavior abroad was an important part of their work. Feedback from abroad shows that the Chinese government has not increased the scale of steel imports, which has made Pittston let his guard down.

However, when the Chinese Planning Commission continued to produce steel, Pittston suddenly realized that there was probably a mistake in the monitoring of the Chinese government's overseas procurement behavior, because only the international market could provide China with such a large-scale supply of steel, and it was impossible for China's domestic steel companies to increase their production capacity out of thin air.

Thinking of this, Pittston picked up the phone and directly dialed the headquarters of the Meson Foundation in the United States, raising his suspicions to the staff there.

"Pittston, you should trust our work." "We are monitoring the movements of several major Chinese importers and exporters in the international market, and they are not importing more steel than they used to be," Koop, a technician in charge of international market intelligence, muttered dissatisfiedly over the phone. ”

"Kupp, are you just monitoring the business of those import and export companies? Have you paid attention to the import behavior of other Chinese institutions? Pittston asked.

"Don't be stupid, Pittston, the Chinese government has a division of labor in commodity procurement, and other than these companies, other companies are not responsible for steel imports," Koop said. As for those enterprise-level sporadic purchases, you don't think it has any impact on macro numbers, do you? ”

"You're talking about the division of labor under normal circumstances, but it's not normal now. I very much suspect that the Chinese Planning Commission has adopted a trick of keeping a few big trading companies calm while using a few small and obscure companies to import steel. Haven't you surveyed the world's major steel markets? Didn't ask the big steel companies? By the way, you'd better go to the shipping market to find out, to see if there are any ships transporting steel to China recently, the transportation of tens of millions of tons of steel is not a trivial matter, with an ordinary 30,000 tons of bulk carriers need to transport hundreds of times. ”

"Well, if you really need a number of ...... on this," Koop compromised as if reluctantly, realizing in his heart that he might have made an empirical mistake. But can this blame him? The steel market, steel mills, shipping companies, so many clues, how can they stare at it every day?

It has to be said that as a multinational speculator, the tentacles of the intermediary company are still very intensive. In less than an hour, Coop's call reached China, and the information he provided to Pittston made Pittston and Sun Zhenjiang stupid at once.

"We have found out that there is a company in China called Daqin Group, which has purchased a lot of 12 million tons of steel in the Japanese and European markets in the past two months." Koop said.

"What, 12 million tons of steel! SHIT, how can you know nothing about such a large-scale transaction! Pittston only hated that the telephone line wasn't thick enough, or he would have gotten in and rushed to the United States to strangle Coop.

"I'm sorry, Pittston." Koop's voice was a little timid, "The deals they make are very hidden. In Japan, they used Guò Haruyama as an intermediary to purchase steel from Nippon Steel and several other companies, and specifically told Nippon Steel not to disclose the circumstances of the transaction. In Europe, they contacted the steel tycoon Leonardo, and it was not known what kind of internal agreement they had reached, but Leonardo actually agreed to apply for a $2 billion seller's credit for them to import steel from the European market. ”

"Daqin Group ......" Sun Zhenjiang stood beside Pittston, chanting the name, his face was a little pale, "I have heard from the people of the Planning Commission that this is Old Man Wang's secret weapon, and Old Man Wang has high hopes for this enterprise." I asked people to investigate, and they do have three steel mills, but they only have an annual production capacity of just over 10 million tons, so I didn't take it to heart. Now it seems that I miscalculated, and Old Man Wang is using this enterprise as a cover to import steel. ”

"This means that the Planning Commission has been aware of the existence of internal ghosts from the very beginning, and has deliberately released misinformation through internal ghosts, with only one purpose, that is, to fool us!" Pittston put down the phone and said in a cold voice. (To be continued......)