Chapter 143 Million Tons of Inventory
"Are you afraid of making wedding dresses for others, you still can't help but take action in advance?"
"Hehe...buy it!"
"It's better to buy all the funds in the first half. I want to see... Today, without the cooperation of foreign markets, how do you escape the national capital's killing without the cooperation of the foreign market."
After Su Yue lured Yunhai Capital and the capital power associated with it, the reason why he did not rush to grab the order was that he knew that the huge short-side power on Shanghai Copper was not as simple as he thought.
Originally, he wanted to take advantage of Yunhai Capital and the capital forces associated with it, and before he could react, he led everyone to go long to prevent domestic funds from being harvested too badly by this capital force with the help of foreign markets. But when he heard Gu Yunxi being scolded by Manager Liu and knew that Huaxin Securities Investment Strategy Department also had a large number of short positions, he always had some doubts in his heart. So after lunch and thought for a long time, another completely different guess came into his mind.
As the leader of domestic securities companies.
The leader of Huaxin Securities' investment strategy department should not be as stupid as he and Gu Yunxi thought.
Holding huge short orders should be confident that the price of Shanghai copper will not rise easily. After all, with the largest short seller of the National Reserve Bureau, it can release some news at any time to save the situation.
The reason why I tried so hard to lower the price when LME copper soared was that I was responsible for administrative tasks and could not get out of it.
After all, the domestic financial market must consider the existence of the country as a subject.
If analysts in Huaxin Securities' strategy department do not know that the rising trend of international copper prices has become, neither fundamental nor news can change its trend, it may be impossible.
Then, that is.
In order to avoid operating on Shanghai copper and causing huge losses to the group, Huaxin Securities Investment Strategy Department must have thought of other ways to deal with it.
In order to escape unscathed when completing administrative tasks.
Su Yue had not thought about what method would Huaxin Securities' investment strategy department choose to hedge transactions, but he knew that if he wanted to stir up the situation in China and harvest the capital of domestic institutions and retail investors, he knew that without the strong cooperation of the foreign market, he would definitely kick the iron plate.
And the rise of LME copper.
During Asian trading hours, news vacuum period, it is difficult without strong capital promotion.
"Xiao Su, the price of Shanghai copper is approaching 35,500." Han Fusheng continued to remind.
Su Yue said 'um', still unmoved: "Lin Feng, I saw that there were more than 4,000 short orders on the market. How many long orders were there just now that they took the initiative to attack upward?"
"It's almost ten thousand hands." Lin Feng thought for a while and replied.
"The margin for orders of 10,000 yuan is close to 150 million yuan." Su Yue calculated, "Even if retail investors and institutions that follow the trend account for 30%, the investment will be at least about 450 million yuan."
He looked at the price that was rising and began to exhaust himself, and he thought to himself: "It's almost done, it's time for the bears to take action."
As he said, the price of Shanghai copper rose more and more slowly, and finally fell into a stalemate around 35,600. Long orders were still pouring in, and the net short orders were rapidly decreasing, which was already below 2,000 lots.
"The bulls and bears are basically in balance."
Lin Feng looked at the market and said, "The price ratio of Shanghai copper to LME copper has also returned to normal. Su Yue...the price has stabilized, and we can enter the market."
The price trend of Shanghai copper today is basically a replica of LME copper last night.
After violently washing the market, Lin Feng returned to peace. He felt that there was no risk in entering the market at this time, and there is a high probability that the price of Shanghai copper will continue to rise in the future.
Of course, it is a pity that it is not a rush to enter the market due to hesitation.
"Wait a little longer!" Su Yue turned his head and looked at Gu Yunxi and asked, "Sister Yunxi, do you have any abnormal information and information?"
Gu Yunxi was about to say 'everything is normal', and suddenly there was a rumor on the forum where the news was rumored that was unknown, which attracted her attention. She glanced at it, couldn't help but 'huh' and said: "There is a rumor that the competent department of the National Reserve Bureau is holding a seminar on the statement issued by the National Reserve Bureau yesterday. I am afraid that after the meeting, it will announce that it will sell the reserve copper to the market in order to curb domestic copper prices."
"Really or not?" Han Fusheng expressed his doubts.
The domestic spot market has not seen a surge, and demand has not reached a tense situation. How can I start with selling reserve copper to curb domestic copper prices?
"The fake one cannot be true, the real one cannot be false." Su Yue said, "Whether it is true or false, within a few minutes, the Shanghai copper plate will be found out."
Su Yue knew that the news that could be sent on the forum was probably a foregone conclusion.
It’s just that someone knows it first, and someone knows it later.
Besides, the decision of the State Reserve Bureau to sell copper reserves in order to protect itself would not have been released yesterday if it were not for the consent of the competent authorities of the state.
Today, it is natural that the competent department will make a statement in person.
"There's another message."
Gu Yunxi opened her eyes wide and said in shock: "What the Finance Network has just released, the National Reserve Bureau has high profile claiming that it holds a total of 1.3 million tons of copper inventory, which is more than 1 million tons higher than the market expects."
"How is this possible?"
Lin Feng couldn't help but exclaim, "Didn't the market estimate that it will be only 200,000 to 300,000 tons at most? More than 1 million tons... is equivalent to all domestic production, what a joke."
Su Yue smiled and said, "I don't believe it either, but the market believes it."
Lin Feng was shocked and looked at the trading interface again. He saw that the situation of long and short balance was broken again, and a short order of 3,000 lots appeared, directly reversing the price.
The price of Shanghai copper dived down in a more graceful posture, and in an instant, erased all previous gains.
At the same time, on the outer disk.
LME copper fell, and the price leaked by hundreds of points.
"Oh my God... this is too exciting!" Han Fusheng had never seen such a straight up and down trend. "How much wealth will be reduced to zero in an instant."
In the futures trading room, those customers who cut all short orders during the previous surge.
At this moment, looking at the sudden change of disk, I beat my feet and stamped my chest.
Those customers who saw the surge and finally got a lot of somersaults were facing large losses, and their faces were even pale and trembling all over.
"What should be come, it's coming after all."
Su Yue stared at the Shanghai copper price that had already reached the limit and smiled: "Although the million-ton inventory of the National Reserve Bureau finally proved to be a lie, this lie is enough to cause terrifying lethality at this moment."
"Yunhai Capital..."
Chapter completed!