Text Chapter 35 The leading Shanghai copper in the futures market

In a dark room, the atmosphere was silent and oppressive, and in the middle of the room sat a man whose appearance was difficult to see because of the dim light of the room, but the cold breath emanating from him in the darkness made people shudder.

There was a person kneeling in front of the man's seat, and if he carefully distinguished, he could recognize that it was the man who injured Zhao Daming that day. At this time, the man had long since lost the arrogance of that day, but was kneeling there trembling, as if he was very afraid of the person who was sitting.

"Ah Qiang, why are you kneeling there trembling?" A soft-sounding voice came from the man in the seat.

Hearing the voice of the person on the seat, the man called Ah Qiang looked frightened, leaned over and lowered his head and said in a trembling voice: "The subordinates know their mistakes, the subordinates are incompetent, and they have failed to complete the tasks assigned by the hall master. ”

"Ah Qiang, you also know the rules of Tangkou, if you can't complete the task, you have to deal with it according to the rules, Nian has done a lot of things for Tangkou on weekdays, so take a finger off to show punishment." The voices of the people in the seats were still gentle, but the words that came out made people's hearts tremble.

After listening to the words of the people on the seat, Ah Qiang's face turned pale, but he didn't dare to have the slightest disobedience, so he had to bow his head and bow, "Thank you, Lord Kuan." ”

The man in the seat didn't seem to want to say anything more, but waved his hand to signal that the person known as Cuong could go, and Cuong immediately stood up and bowed before silently withdrawing.

The dim room was quiet again, and the atmosphere in the room was still depressing, and suddenly the person in the seat said to the empty room: "Da Yuan, what do you think about this matter?" ”

Before he could finish speaking, a thin figure gradually appeared in the darkness behind the people in the seat. I saw that this person bowed slightly, and said in a low voice: "Hall Master, it seems a little inappropriate to punish Ah Qiang for such a trivial matter as collecting debts, after all, Ah Qiang is one of the several major generals under the command of this hall, and he has made a lot of meritorious contributions on weekdays, so such a punishment may chill the hearts of several other chief generals." ”

The person on the seat raised his right arm and shook his hand and sneered: "Da Yuan, do you really think that I will hurt my subordinate generals for that little debt collection fee?" Although the lord who entrusted me with debt collection has something to do with me, I will never harm my elite for the sake of some small oil and water outside the hall. ”

"The hall master is wise." The man known as Da Yuan bowed again.

The people on the table were even more cold: "This punishment of Ah Qiang is just to suppress his recent arrogance in the name of collecting debts without success. As far as I know, Ah Qiang has become increasingly rampant since he made his exploits in the Battle of Puzikou some time ago, and on several occasions he led people to injure the subordinates of several other commanders. However, this son not only did not know how to repay the favor, but also made insulting remarks behind my back on some public occasions in the hall, faintly revealing his dissatisfaction with my management of the church. ”

"It's his own death." Da Yuan next to him echoed.

The people on the table laughed, and they looked quite proud in their laughter: "Therefore, I will use the excuse to punish him a little this time, and the rest of the lords will not only not be cold, but will think that the master of this hall does things clearly between public and private, so as to increase their sense of awe." And Ah Qiang will also understand through this matter who has the final say. ”

"The hall master is wise, and his subordinates are not as good as just in case." The man known as Da Yuan echoed again.

Hearing the praise of his subordinates, the people on the seat were even more proud, only to see him smile and say: "Actually, Ah Qiang's work this time is not only innocent but also meritorious. ”

"What do you mean about this?" The man named Da Yuan asked.

The tone of the person on the seat suddenly became mysterious, and he said softly to Dayuan: "I have always wanted to weigh Luo Zhanming's catties and taels, so as to find a breakthrough, but I have never had a chance, this time Ah Qiang accidentally fought with Luo Zhanming's daughter's bodyguard when collecting debts, and that bodyguard doesn't seem to be very strong, it seems that it is a very good idea to seek a breakthrough from Luo Zhanming's daughter." ”

"The above are going to do something to Luo Zhanming?" The man named Da Yuan asked in surprise.

"This is not something you and I can know, I just react to what Luo Zhanming can know around me, as for whether to move or not, it depends on the meaning above. If you really want to do it, you will have to contribute as the deputy hall master. ”

"At that time, the subordinates will do their best, please rest assured." The man called Da Yuan responded with a fist clenched.

......

In the morning, Wang Lang came to Dongrong Futures Company on time as usual, but recently the retail investor hall has been more deserted than before. Since Zhu Ling left, Fang Jian disappeared for more than a week for some reason, and Zhao Daming, who was sent to the hospital yesterday, is estimated not to come here again in the future.

After saying hello to a few people in the hall, Wang Lang came to the small room where he worked. Yuan Hao was already sitting leisurely on the sofa drinking coffee, and when he saw Wang Lang coming, he hurriedly got up: "Brother Lang, you are here." He said as he gave the sofa to Wang Lang.

Wang Lang raised his hand to signal that he would not sit down, and asked Yuan Hao, "Yuan Hao, is there any opportunity to trade recently?" I looked at the recent trend of Shanghai copper yesterday and is quite good, is it possible to open a position? ”

Yuan Hao frowned when he heard this: "Brother Lang, how have you paid attention to Shanghai copper recently?" ”

"What, what's the problem?"

"It's not that there's anything wrong with it, it's just that the breed is a little special." 、

"Oh? Let's hear it. Wang Lang became a little interested.

Yuan Hao saw that Wang Lang was quite interested, so he cleared his throat and began to speak: "Shanghai copper is one of the earliest varieties listed in the futures market, and the particularity and wide use of copper have been the main object of capital speculation for decades. Before 2008, Shanghai copper had always accounted for half of the annual trading volume of futures exchanges, and the explosion of copper in the state reserve was even more frequent. It was only after the global financial crisis in 2008 that copper's position as the leader in the futures market began to weaken, and funds gradually began to look at emerging varieties such as gold and silver, coke, coking coal and rebar. But the trend of copper futures after this variety is quite strange, in 2012 in the context of the tightening of the country's macroeconomic fundamentals, other varieties have come out of the 5-year bear market, and only the downward trend of copper is quite resistant, and its cumulative decline in several years is far lower than the decline of international London copper. ”

Yuan Hao took a sip of coffee and continued: "I once tracked Shanghai copper and found that there is a mysterious fund that has been supporting the price of copper for several years. It is difficult to find out the source of this fund, but according to rumors, this fund is likely to be the reverse arbitrage behavior of several major domestic copper producers in order to support copper prices, so this year when other commodities rebounded sharply, copper this variety has hardly risen, and the beginning of the upward trend in the past few days is likely to be a supplemental rise. ”

Yuan Hao continued: "Of course, there is news that the country is likely to implement a capacity plan in non-ferrous metals such as copper, aluminum, zinc and other basic metals after the black system is de-capacity, and this rumor is also an important reason why non-ferrous metals have begun to rise recently." However, I think that the first production capacity of the black system must be difficult in the process of decentralization, the conflict of national macro goals and local interests makes the production capacity is not smooth sailing, and so on to the end of the black series to the turn of non-ferrous metals to produce capacity I do not know that it will be to the year of the monkey, so I conclude that in recent years, Shanghai copper can not have a big market, even if there is, it is a short-term market rumored on the news surface. ”