Chapter 838: Glencore May Have Taken an Empty Order

Yang Chen called Jin Zhina over.

All business of Xingchen Import and Export Trading Company is temporarily in charge of Jin Zhina, who knows the market conditions of nickel best.

Yang Chen asked straight to the point: "Xiao Jin, is there any gossip in the nickel market recently?"

Jin Zhina shook her head and said: "No. But the price of nickel has indeed been rising, and has reached a historical high. Under normal circumstances, the price should slowly decline and return to its reasonable price, which is about 10,000-12,000. Mijin/ton. So, why someone suddenly took all our short orders, I really don’t understand.”

Yang Chen placed a total of 1 million tons of short orders for electrolytic nickel in the futures market. Based on the current price of 20,300 meters of gold per ton, the value of these short orders is 20.3 billion meters of gold.

Calculated based on the 8% margin standard, institutions that take these short orders need 1.624 billion meters of gold.

If you want to come up with a deposit of 1.624 billion meters of gold at once, the opponent is definitely strong enough.

Yang Chen immediately sent a message to Mu Zihan, asking her to find out who took the empty order for 1 million tons of electrolytic nickel issued by Xingchen Import and Export Trading Company.

Later, Yang Chen called Pan Qingguo across the ocean.

Soon, the call was connected.

Pan Qingguo: "Mr. Yang, what are your orders?"

Yang Chen: "Did you know that someone in the Lundun futures market released 1 million tons of short orders for electrolytic nickel?"

Pan Qingguo: "I know, I just knew. What does Mr. Yang mean?"

Yang Chen: "I released those empty orders."

Pan Qingguo was shocked and said: "Huh? Mr. Yang put out short orders? Why did you put out so many short orders?"

Yang Chen: "I think 20,000 meters of gold/ton is already a historical high. The price cannot rise any further and will definitely fall back slowly. I originally thought that the 1 million tons of short orders I opened would not be eaten up. And it should have been eaten up by different investors. But beyond my expectation, it turned out that one institution had all eaten up these 1 million tons of short orders. The other party would never take so many short orders for no reason, they must have something Insider information, or planning to harm me. Mr. Pan will check for me and see who took my short order."

Pan Qingguo immediately replied: "If it was eaten by one organization, there are two most likely ones. The first one is Daxia's Qingshan Group.

They control nearly half of the world's nickel production and have enough power to harm you. The second company is the Glencore Group. They are more powerful and have pricing power globally. They also directly control many large mines and have in-depth cooperation with many mining areas. If Glencore wanted to get you, it would be easy. "

Yang Chen: "Glencore? The last time I was interviewed by the organization about investing in Xiaoguang Hospital Group, there was Glencore, right?"

Pan Qingguo: "Well, yes, there are them. Part of the electrolytic nickel I bought for you was sold to me by them. Do you think they might be trying to harm you?"

This is hard to say. Capital predators have always been ruthless.

In order to make money, Soros did not hesitate to destroy the entire Southeast Asian economy.

For these capital tycoons, as long as they have enough profits, they can do anything without a bottom line.

Yang Chen quickly replied: "I can't say this right now. I still have to wait until I investigate clearly before I know. Let's stop talking here. I have to ask someone to investigate Qingshan Group and Glencore."

Pan Qingguo: "No problem! If you need help with anything, Mr. Yang, just call me. I won't hesitate to help you."

Yang Chen: "Well, thank you. I'll hang up now. I'll contact you if necessary."

After saying that, Yang Chen hung up the phone.

"Xiao Jin, please contact Qingshan Group immediately. I want to have a phone call with their boss." Yang Chen ordered.

Jin Zhina nodded and quickly tried to contact Qingshan Group.

More than half an hour later, Yang Chen contacted Zhang Qingshan, the boss of Qingshan Group.

It was Zhang Qingshan's first time dealing with Yang Chen, but this was not the first time he heard Yang Chen's name.

"Haha... I didn't expect that Director Yang would take the initiative to call me. It's really an honor for me. I have admired Director Yang's name for a long time and it is like thunder in my ears. I am really happy to be able to call you today." Zhang Qingshan burst out with a rainbow fart.

Yang Chen said with a smile: "Director Zhang, why do you need to ridicule me? I am just a poor wage earner. I worked hard to hoard some goods. I originally wanted to do a hedging, but I didn't expect to fall into a trap. Now it's really I'm in a dilemma, I don't know what to do."

Tsingshan Group controls nearly half of the world's nickel production and is certainly aware of the 1 million ton short order in the Lundun trading market.

Zhang Qingshan said with a smile: "I just said how could anyone dare to release 1 million tons of empty orders? Those who dare to do this must be among the best. Sure enough, I guessed it. It turned out to be Mr. Yang who released it." It’s an empty order. It’s only you, Mr. Yang, who has such a big deal. If it were anyone else, he wouldn’t dare to do this at all.”

Yang Chen: "Haha... Director Zhang is joking. I have no experience at all, I exposed a huge flaw, and someone took advantage of me. As a nickel giant, Qingshan Group must know some inside information. So I called Call Director Zhang and see if he can help me find out who took my 1 million tons short order."

Zhang Qingshan laughed loudly and said: "It's really an honor for me that Director Yang can think of me at this time. It shows that Director Yang still thinks highly of me. I am very happy to get Director Yang's attention. Now that Director Yang has asked , seeing as we are compatriots, I will definitely help you with this. In fact, I can guess who took your empty order without checking."

Yang Chen: "Oh? Is it so obvious to the other party? Why don't I know anything about it? I hope Director Zhang will make it clear."

Zhang Qingshan: "If I guess correctly, Glencore should have taken your short order."

Glencore again!

The two institutions Pan Qingguo guessed were Tsingshan Group and Glencore.

Now Zhang Qingshan also guesses that Glencore took Yang Chen's empty order, so is it 80% likely to be Glencore?

Yang Chen was still more cautious and asked: "Can Mr. Zhang tell me why you guessed it was Glencore? What is your basis?"

Zhang Qingshan: "Let's put it this way, nearly half of the world's daily nickel production is generally related to our Qingshan Group. However, it is the Glencore Group that controls the global nickel pricing power. So, Director Yang knows how powerful they are, right? About three years ago, our Tsingshan Group also issued a short order of 200,000 tons of nickel for hedging, but was sniped by Glencore. At that time, our inventory was not as much as it will be in the future, and our inventory Nickel matte was often high and did not meet the standards of electrolytic nickel, the subject matter of the Lundun trading market. Fortunately, the State Reserve came to help, and we were able to gather enough electrolytic nickel closing transactions. That time we lost billions, but fortunately We saved the life of the company. Since then, we have been particularly cautious and guarded against companies like Glencore. Our time at that time was just like Director Yang’s life at this moment. So I guess it is most likely that Glencore Only they have such strength to take over Director Yang’s 2 million tons short order.