With the command of the team leader, the operator focused on pulling down the gate, pressing the button, locking the instrument, and recording information.

Behind each group, a Casali engineer was staring at him, and he kept notating something on the notebook from time to time. Several operators were sweating nervously, and kept wiping on their work clothes, and their expression became more and more focused.

The state-owned enterprise officials of the petrochemical system looked at it with concentration. Those who have never eaten pork have always seen pig runs. The 120,000-ton methanol project is larger than domestic equipment, and the basic operations are similar. On the one hand, we look at the simulation system, and on the other hand, we also look at whether Dahua Petrochemical's level is enough to be put into production. Ladies always think that workers are just doing physical work, but they don't know that the difference between technicians, skilled workers and production workers is very big. In other words, Lu Ban is also a Baji technician. It is still a different story to whether his apprentice can reach this level.

Companies like Shangpei Chemical are all thinking about selling some domestic catalysts to Dahua, and they have to estimate the amount of Dahua. Whether it is attentive to negotiate with large customers is very important.

Director Mao and Ding Zhipeng didn't understand technology, so he only saw the workers below busy and didn't know what the situation was. Director Mao seemed to have no idea after a while, so he turned his head to face Sucheng and asked inadvertently: "Has Dahua participated in international oil futures trading?"

The futures trading center was established in the 1990s, but the attention to oil futures was already in the early stages of reform and opening up. Since Iraq's invasion of Kuwait in August, international oil prices have been soaring. By November, the price difference doubled, involving hundreds of billions of funds, which attracted countless attention. Director Mao also seems to be a member of the attention.

Su Cheng's mind was very quick and said, "At the end of August, I tried it with $10 million, and I made some money and it came out soon. Dahua's capital was small and the profit was low, and he did not participate in oil futures trading."

At this time, the Taiwanese businessmen who came with Wang Sheng were full of regrets and said, "Dr. Su is really cautious. The overall trend in the crude oil market is rising. If you invest the money you earn, it may turn into hundreds of millions of dollars now. Isn't this free money?"

Su Cheng smiled and asked back: "Is that true?"

This Taiwanese businessman is also a businessman in the oil industry. He is slightly fat, dressed loosely, and smiled. He shook his head like an aide. He commented: "Iraq invaded Kuwait. Kuwait's quota of millions of barrels per day was over, and Iraq was blocked internationally. Their oil could not be shipped out. The two companies merged together, and it would be no problem to reduce crude oil by 6 million barrels. The Iraq War between Iran and Iran has been fighting for 8 years. Who knows how long this time will take? The hindsight said that in August, buying crude oil futures and re-used it will make more than four or five times more. If you are bolder and a little bit shy, you will have 10 times more."

Futures are leveraged. In short, they can easily speculate on futures from banks. Therefore, it is not uncommon to double the market price and make 10 or even 20 times profits.

Su Cheng thought to himself, this guy is really a hindsight.

When the Taiwanese businessman saw that he was dissatisfied. He said with displeasure: "I don't have the conditions of Director Su, otherwise I would have to make a lot of money in the market. You have an oil field yourself. At that time, not only can you make a lot of money in futures, but you can make another money in the oil field."

Su Cheng couldn't help laughing and said, "It's because I have an oil field. It's easy to buy short and it's difficult to go long, and it's time to stop. If you do futures, it's a risk, but I have an oil field, but it's a double risk."

"Dr. Su thinks oil prices will fall?" If oil prices fall, futures lose money, and oil fields' income will also decrease. So these are two risks.

Su Cheng did not make any comments and smiled: "No matter whether it is rising or falling, I am not ready to enter the market."

In his impression, the early days of Iraq's invasion of Kuwait, that is, in early August, was the craziest time for oil futures to rise. He also entered the market at this time and participated in just two weeks. Before the oil price soared to more than $35, he quickly made a profit and quit, making about 80 million for $10 million.

Not investing more is to control risks. The more you understand the futures market, the deeper you have about the risks of futures. Perhaps many people believe that knowing the general trend of the market can make steady profits and not lose money. This can only be used to buy stock index futures. Even buying separate stocks is not enough. God knows whether the stock index will rise sharply, but a scandal of a certain company occurs. The more dangerous thing about futures is that the fluctuations are violent, and bank leverage intensifies the volatility.

Sucheng invested 10 million US dollars, and through more than 10 times bank leverage, the actual operation was more than 100 million US dollars. If the crude oil price rose by about 70%, he would make 80 million US dollars. If he invested 100 million US dollars, he would indeed have the chance to make 800 million US dollars. However, if the crude oil price briefly fell by 10%, Sucheng would have to replenish US$100 million immediately. If it did not, it would lose its position and lose all its money. After that, even if the crude oil price continued to rise, it would have nothing to do with him.

Even in August when crude oil soared, a brief decline of 10% or even 20% occurred more than once. Iraq's invasion of Kuwait was an extremely fast process, and the oil price also rose from US$20 to US$28. At this time, many investors would think, Iraq occupied Kuwait? Yes, US$28 should be enough. As long as this idea spreads, the price will fall to US$25. At this time, Sioux City will have to fill the same amount of funds, US$10 million, or US$100 million.

There is no doubt that if you don’t understand the market and choose to operate full positions, even if Sucheng knows the general trend, it will explode and die due to short-term fluctuations.

As oil prices rose from US$20 to US$35, and finally more than US$40, the situation of falling back below US$30 has occurred frequently. Not to mention the full position operation, even if Sucheng enters the market with US$30 million, it may be destroyed by market fluctuations.

In his opinion, there are too many opportunities in the financial market, so there is no need to bet on it.

It is difficult for others to agree with him. Taiwanese businessmen said with gaze: "The United Nations resolutions on Iraq have been one after another. Now there are no 10 copies and there are eight copies, which is useless. In my opinion, most of them may be subject to international sanctions. In that case, oil will only continue to rise. If the fight starts, it will probably rise faster unless the Soviet Union joins the war. I guess it won't."

Speaking of this, he smiled proudly and said, "So, it is inevitable that the rise is a question of how much rise is."

From the perspective of results, future generations can always analyze the past with great traits. However, in history, only a few people can dispel the fog.

Yes, on February 2, the Soviet Union did give up the one-party system, but this does not mean that the Soviet Union's military strength has become weaker. In the eyes of ordinary Chinese, the Soviet Union's big brothers were not so afraid, but they were not weak enough to bully him. They still have the largest nuclear weapons in the world and the largest number of conventional weapons... If they support Iraq, even if they just "lent" weapons, it would make the United States feel extremely troubled. Soviet air defense missiles can undoubtedly beat American aircraft down.

Not only that, many Chinese experts believe from beginning to end that with the number of Iraqi troops and weapons and equipment, as well as the eight years of experience in the Iraqi war, they can fully withstand the US ground attack, and at best they suffer some losses. Those who hold this idea participate in the futures market and lose to their pants, and may even go long, looking forward to the happiness of turning things around in one move.

Taiwanese businessmen consider it with normal thinking and probably did not think of the possibility of falling oil prices. If history is analyzed, his basis is more fully established. The Middle East War in the 1970s made the world's oil prices permanently rise. Why can't the war that also occurred in the Middle East permanently rise again?

In fact, there is only one possible way for oil prices to fall. The war explains the situation in the Middle East to recover to pre-war situations. Both conditions are indispensable.

Here, reality jokes about history, and both conditions were completed. Therefore, the rise in oil prices in 1990 was destined to be a pulsed rise. The price once rose from $20 to more than $40, and finally fell back to $20. Just half a year passed, and nothing seemed to have happened.

Su Cheng recalled history, looked at the confident expressions of Taiwanese businessmen, and said with emotion: "The good time for the rise in oil prices has passed, so why not watch it coldly."

Director Mao noticed it and asked: "Dr. Su believes that oil prices will stop rising?"

Su Cheng said "yes" affirmatively, and added another sentence in a flash: "A brief rise, such as lasting for one or two days, is still possible and it is too difficult to grasp, so it is better not to enter the market."

“What if you have already entered the venue?”

Director Mao said it in public that it was impossible that he was involved in futures trading. In the 1990s, there were not many private assets in state cadres. Since it was not him, it was a national behavior. Su Cheng thought for a while and said, "If you can't withdraw, it's better to buy short than to buy."

The Taiwanese businessman asked incredible question: "What is the basis for buying short?"

"In short, the situation in the Middle East is chaotic, oil prices rise, the situation stabilizes, and oil prices fall. I tend to stabilize." Sucheng did not say anything like the United States' quick victory, which was unpopular in China in 1990. This hot war was a great baptism for China and the world's military, and "unpredictable" is the best description.

Others only think that what Sucheng said was stable was a stalemate, which was also the situation after September. Except for declaring Kuwait as a province, Iraq has no longer had large-scale military operations, and oil prices have slowly fallen.

This kind of decline is quite dangerous for many speculators. Director Mao said with concern: "If Dahua operates, can we make a profit in this situation?"

Su Cheng hesitated: "It's more difficult, and the financial pressure may be very high."

“But can you make a profit?”

Su Cheng nodded slightly.

Director Mao's face appeared on his fair skin, and he pondered and stopped talking.

At this time, cheers came from below, some from workers and some from state-owned enterprises to watch the ceremony.

Buckman shook hands with Dahua workers with a smile. When Su Cheng saw it, he quickly accused him and went down. In his eyes, speculation in the financial market is far less attractive than industrial development.
Chapter completed!