Chapter One Hundred and Two

Singapore's paper oil market originated in 1995. After eight years of development, it has become the largest oil settlement center in the Asia-Pacific region.

Every day from 10:00 am to 8:00 pm, it is the trading hours. Twenty percent of the paper goods market is hedge transactions, and 80% are speculative transactions. Participants in the paper market mainly include investment banks and commercial banks, large multinational oil companies, oil traders and end users.

It turned out that the daily trading volume of paper plate transactions in the Singapore market was about 700,000 tons, but after a large amount of Chinese capital entered, it quickly increased to about 1 million tons.

There are still ten days, which is the contract delivery date in October. Zhou Xiaohua and Zhou Ziye have fulfilled most of their contracts. Naturally, they are not in a hurry, but there are more people in a hurry. They in turn shorted, so that those Chinese-funded institutions that followed suit wanted to withdraw as soon as possible.

But futures trading, since it is a transaction, it must find the target of the transaction. The October contract in their hands is profitable, because the average price in October is nearly 7 percentage points higher than in September. The opponent naturally has to choose before the 14th whether to admit defeat or continue to open the contract in reverse.

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The momentum of Chinese-funded institutions is too strong. In the beginning, those foreign institutions will naturally not fight head-on. However, when the oil price support is lacking and Chinese funds are dispersed in the next few months, the opposing party's opportunity to counterattack will come.

On the evening of the next day, Zhou Xiaohua's face became a little gloomy after receiving calls from various companies. "Today, the market's reaction is very cold. Except for some of the orders that the counterparts in Southeast Asia, Japan and South Korea have not eaten much, Europe and the United States have no intention of delivery at all. Now it seems that they really want to take the profits we made in the previous few months. Eat it back again."

Zhou Ziye asked: "Have you ever counted how many contracts we have in our hands in the next three months?"

"Our Eastern Company is still looking for an agency company. Where can I find the details of the contract in their hands. However, about half of the institutions are operated through CNOOC, and they should have more accurate figures in their hands."

However, at CNOOC, despite Jiang Feng's dealings, they still refused to disclose the detailed information of the customer, and Zhou Ziye was helpless. As a super large state-owned enterprise, CNOOC's personnel composition is also very complicated. Zhou Xiaohua wants to investigate the other party's information without being unfounded. ()

In the Singapore paper oil market, since it is a credit transaction, there is no need to pay a deposit at all. But in this way, it also restricts the companies participating in the transaction are all internationally well-known and reputable large companies. Only a few large companies in my country, such as Sinochem, China United Oil, China United Petroleum, and China Aviation Oil Energy, participate in the transaction. The third-level agent conducts hedging operations in the paper cargo market.

The difference between large companies and small companies is that large companies often seek stability, and their transactions in the paper market are more of a supplement to the spot market, or a hedge to ensure their own stable interests. This time, CNOOC followed the speculation, which is already very exceptional, and it has caused a lot of controversy within them.

Frustrated here, Zhou Ziye asked Zhou Xiaohua to contact each institution separately, hoping to get their investment details. However, most of the other parties are also complaining, but they can't see any sincerity. I asked a few in a row, and they all dealt with them with haha.

Zhou Xiaohua is not a temperamental person, and after being frustrated a few times, he is not in the mood to pay attention. Zhou Ziye was really embarrassed, and sighed for a while and said: "Forget it, anyway, we have told them our judgment. As for what they do, we can't control it. As for you, if you want to be short, now is an opportunity. However, you must only build monthly contracts within three months. As for quarterly contracts after three months, you must be cautious.

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Zhou Xiaohua asked: "Aren't you participating this time?"

Zhou Ziye naturally couldn't tell him that when he entered Leybold as an intern at the end of 2003, he studied market conditions every day, and only then did he remember the performance of the oil market during this period. Later, due to special research on the mineral product market, although I still knew a little about the future performance of oil, my memory was not so deep.

Now that he has the funds to start from, he naturally won't take risks anymore. Honestly doing mineral products can also make huge profits. After 2003, when the performance of oil is long-lasting, when the funds are sufficient, you can play again.

"I will not participate this time. I have decided to invest all the funds you gave me in the foreign exchange market. After all, the paper oil speculation is still relatively risky. If you continue to do it, I also advise you to go to London. Or New York, go directly to oil futures. Even if the speculation fails, you can use crude oil to offset part of the loss."

Zhou Xiaohua came to be interested and asked: "Foreign exchange? Is it bearish on the US dollar now?"

Zhou Ziye shook his head and said: "I'm only optimistic about the euro, but this time I am not very sure."

Zhou Xiaohua smiled and said: "Don't be afraid that I will follow suit this time. Our company is not like you. You can do whatever you want. When our company has done research, I am afraid you will leave the market full of money."

Zhou Ziye smiled and said: "I am not afraid of you following the trend, I am really afraid of these locusts in China. I can't wait to scrape the ground wherever I go. , But don't want to pay, I don't even bother to continue to complain. Anyway, in the future, I won't publicize such an opportunity so generously. Let them play by themselves."

Zhou Xiaohua sighed, patted him on the shoulder and said, "I still have something to do. You should rest early. Don't take this to heart. In this environment, you always talk about one thing and do one thing. Some are angry."

Zhou Ziye smiled and said: "I didn't take it to heart, I just talked casually. Go ahead, Han Kaili came to Singapore, just asked me to have tea, I should set off too."

Before Wu Danyang and Cheng Ling came back, Zhou Ziye confessed to the housekeeper who was guarding the door, and followed Zhou Xiaohua into the elevator. However, instead of sitting downstairs, he entered the cafe directly on the fifth floor.

Han Kaili learned that Zhou Ziye lived here, and he also came in. However, he is a national cadre, so he dare not live in the presidential suite like Zhou Ziye, but only in a business room.

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As soon as he got out of the elevator, Zhou Ziye was stunned. He didn't expect to see Cheng Ning here. Seeing his surprised expression, Cheng Ning couldn't help but smiled triumphantly.

Zhou Ziye smiled and shook his head, and walked to their seats. In the place blocked by the green trees, there were a few men sitting there, and they all stood up with a smile when they saw Zhou Ziye. Han Kaili smiled and said, "I wanted to see you for dinner, but you went out with Zhou Xiaohua. Come, let me introduce you."

Cheng Ning laughed and said, "Mr. Han, don't snatch my lines. Xiao Zhou knows me much better than you. I will introduce you if you want to introduce it."

Han Kai froze for a moment, and asked in a puzzled manner: "Do you know each other?"

At this time, Zhou Ziye certainly wanted to give Cheng Ning a little bit, and said with a smile: "Sister Cheng is my partner, do you think we know each other."

Han Kaili was taken aback, looked at Cheng Ning and said, "This is really surprising to me. When did you come together? Xiao Cheng, this is your fault. I came along with you, but you have no news at all. It was revealed that we talked about Xiao Zhou for a long time, and you didn't show your breath at all.... I think about it, we didn't say anything bad about Xiao Zhou, right?!"

Everyone laughed, and the men laughed and said, "Fortunately there is no, otherwise, there is an internal response here, and we will be embarrassed."

Cheng Ning pursed his lips and smiled, and first introduced to Zhou Ziye, an old man who was nearly 60 years old: "This is Liu Yongjun, the vice president of the China Steel Association, and President Liu."

Liu Yongjun smiled and stretched out his hand and said: "Xiao Zhou is amazing, your steel industry integration analysis book, I was really shocked at first sight. It gave us people who have worked in steel for a lifetime a headshot and let us know that there is a sky outside. I read yours. The analysis book, we know that we still have so much work to do, and facing the international market, we still need to make more perfect preparations. There is one sentence to come,... This feeling."

Zhou Ziye clasped his hands and said modestly: "I didn't do anything, just to report some of my thoughts to your leaders. I am deeply honored to be able to get your attention."

Liu Yongjun laughed and said: "It is more than just attaching importance to it. It is very important. The State Council has issued an administrative order on this analysis of yours. Vice Premier An takes the lead to re-formulate the China Iron and Steel Association's program of action. He himself is the honorary president. , Is to forcefully promote the reform of China Iron and Steel Association

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Zhou Ziye said with a smile: "Lao Liu, you really make me ashamed to say that. It is also my honor to be able to contribute to the country. The main thing is that you leaders are Mingde Weixin and dedicated to the country and the people. Value my opinion."

The old man laughed, but Cheng Ning curled his lips behind him and introduced: "This is Yan Liqiang, the deputy general manager of Baosteel Group. He has been in charge of the raw material procurement business of Baosteel Group."

Yan Liqiang is nearly fifty years old, but he is very young, and his outfit is also very valuable. He smiled and said: "Although I don't know what you said in the analysis book, I also agree with the integration of the overall procurement of the domestic steel industry. Nowadays, domestic steel companies are doing their own business, plus various trading companies. It also has import and export rights, which has added a lot of difficulties to our negotiations."

Zhou Ziye didn't dare to agree with what he said like this. Integrating import and export rights, the first thing that hurts traders like Cheng Ning, and the second is their super large enterprises like Baosteel, because they also have import and export rights, and they are strong enough to negotiate with suppliers. The long-term price agreement, and the long-term price agreement is generally lower than the spot price, and then they increase the price and sell them to small steel companies to make extra money.

Zhou Ziye shook hands with him and smiled and said, "Mr. Yan, please don't take Liu Lao's words seriously. I am just a family. What decision is made by the China Iron and Steel Association? It is still a decision made by the leaders and experts and scholars."

Cheng Ning understands the interest relationship here, and knows that the hearts of the two people are definitely not so beautiful on the surface. Without giving him a chance to speak, he directly introduced another younger man and said: "This is Li Haoran, manager of the Mining Department of SDIC. He is good at handling the integration of the mineral industry and is the right-hand man to whom Mr. Wang attaches great importance. "

Li Haoran's attitude was very low, and she stretched out her hand and smiled and said, "Before coming to Singapore, President Wang had already explained to me. For this investment, please listen to Zhou's suggestions. I don't know when Zhou will be free. Always study hard."

Zhou Ziye said with a smile: "Last time I had a very happy conversation with Mr. Wang in Hong Kong. I got his love as a junior, and his praise to me can't be taken seriously. We are all here these days, and some have the opportunity to get together. Everyone, please sit down. , We sit down and talk."

Everyone was humility again, and Liu Yongjun, the oldest and highest official, took the seat first, and then everyone sat down one by one. Zhou Ziye humbly sat in the outermost position, right next to Cheng Ning. When she was seated, she rolled her eyes a few times, but didn't know why.

(It's still on the shelves in four days, can you ask for a monthly pass?)

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