Chapter 277 Crash
Sucheng also had the idea that oil prices would keep rising. But he quickly abandoned this idea, returned to his seat, and personally read the information of major news agencies, trying to find useful information from it.
The so-called analysis is nothing more than to draw useful conclusions from intelligence. The public information from major news agencies is enough. For futures traders, public information may be more useful than secret information.
Oil prices are slowly approaching the 34 US dollar mark. This price has caused certain losses to Siouxun City, increasing the amount of margin.
However, the red "positive" character on the small blackboard is still increasing.
Dahua Industrial continued to move forward according to its established strategy. Even if the environment was so dark that it could not see the road clearly.
Zhang Chao wanted to say something, and walked to Sucheng and stopped. In fact, judging by reason, there is indeed a problem with the rise of oil prices so slowly. People who are familiar with the futures market have a feeling that oil prices are being blocked step by step at this time. Every time it takes two steps forward, it takes a step back. Judging from the curve and state, oil prices seem to be unable to hold on.
However, oil prices are always upward, and even a slight increase means that pressure increases exponentially.
"It's 33.8." Someone shouted out.
Zhu Enbo, Yue Zhengyu, Director Huang and others were quietly excited.
The atmosphere in Dahua was a little depressing, but everyone's movements were still slow, and they kept collecting information and information in front of Sucheng.
Even if he was not hosting himself, Su Zhenguo and others could feel the depressed atmosphere and the terrifying feeling.
No one really knows whether oil prices will rise to $34, $35, $40 in difficult circumstances...
If this price is really reached, no one will feel strange.
Moreover, the war is about to begin.
As long as oil prices persist, once the war breaks out, it will be a new one...
"How much did they buy?" Director Mao couldn't stand it anymore.
Professor Dai knew that he was asking Dahua Industrial, so he calculated silently and said, "It's almost $1 billion. Their pace is accelerating. The book loss... has exceeded $30 million."
"I've lost money, and I'll speed up." Su Dongyuan said in pain: "How much can I do with 30 million US dollars? Should I let him stop?"
In his opinion, it would be a pity if this money was wasted like this.
Su Zhenguo glanced at Su Dongyuan and whispered: "Su Cheng himself is not nervous. Look again."
His secretary whispered in his ear: "Old Su, it's time for you to rest."
"Wait a minute." Su Zhenguo waved his hand and said, "Where can I sleep today? I see that many people are not going to sleep."
Cao Jiyuan is a kind and honest fat man with a big brain. He rubbed his chair twice and asked, "If it doesn't fall, Su Cheng will lose $30 million?"
"It depends on the situation and the losses will be higher." Duan Yuanguang let out a sigh and smiled: "It feels a bit like a war. It's hard to make a decision if you retreat or persist."
Everyone looked at Su Cheng unconsciously. He saw that his expression had not changed, and the speed of giving orders was still slow and firm.
Influenced by him, Dahua Group employees swallowed, tapped on the computer, searched for information, and contacted foreign traders.
It still looks relaxed and relaxed.
Cao Jiyuan couldn't help but smile and said, "If I didn't know, I would have thought it was at the flood control and disaster relief site."
Su Dongyuan pulled the corner of his mouth, but he wanted to laugh but didn't.
Su Xing was silent all the time, staring at Su Cheng with his turbid eyes. He had completely lost the courage to confront him. Now, Su Cheng is moving towards the direction he least wants.
"God bless you, let the oil price rise to $50!" Su Xing's sincere prayer has never been so sincere.
The curve on the screen floated slightly, about a few cents, just a few minutes away from the integer mark of 34 US dollars.
Now, people who don’t understand futures trading also know that once they pass the integer threshold, the situation will be worse for Dahua and more wonderful for the national reserves.
Maybe it's decisive.
"Squeeze" the sound of the chair dragging.
Everyone who was tensing his strings immediately looked over.
A trader from Dahua couldn't wait to shout at Sucheng from a distance: "The price of the New York Stock Exchange is changing abnormally."
The main criterion for oil prices in the Middle East was the London Oil Exchange, which was keen to respond to news that directly affected oil prices during the Gulf War. But in the shadow of the US-led war, New York was often able to understand deeper news.
In some cases, the price of the New York Stock Exchange will change before the London Stock Exchange.
Su Cheng waited intentionally for a second before looking up and asking, "What's the situation?"
"The price fell by 0.5 cents." The New York Stock Exchange and the London Stock Exchange are like two vegetable markets. Although they are not directly related, their price is a reference value. Just like the price of radishes in one vegetable market has dropped, and the price of radishes in another vegetable market may not necessarily drop, but there will be a trend of price reduction.
Zhu Enbo responded the fastest, picked up the phone and shouted: "Quotation."
In a blink of an eye, he said it again in English. The opposite was the traders from the City of London. They obtained first-hand information and the most accurate information. The final transaction documents were based on their information.
A few seconds later, Zhu Enbo put down the phone and said with some confidence: "No change."
Director Huang patted his chest and smiled and said, "Maybe it really is an abnormal change."
Before he finished speaking, the traders of the National Reserve had already shouted out: "London prices fell by 40 cents."
When it was rising just now, it was crawling at a few cents.
The same is true for occasional declines.
This time, it was a 40-cent move. For the sensitive oil market, it was like a bomb drop.
Su Cheng ordered without hesitation: "Replenish 1 million barrels."
He did not ask for more positions to be replenished. The cash is gone, the more you need to be calmer. Moreover, judging from the information you have gained, it is already good to be able to replenish 1 million barrels.
"The London market is $33.50!" The traders at the National Reserve Center panicked.
Nearly 10 traders on both sides seemed to be collectively slow motion, their eyes widened, their pupils condensed, their bodies leaned forward, and their fingers trembled...
Slow motion ends.
All traders picked up the phone as fast as possible and roared.
The price on the screen is not the real-time price, but the traders connect to London via phone and tap it manually. The curve is automatically adjusted according to the price. There is a relative lag period.
During this time of drastic price changes, it is too late to see the screen and it is meaningless.
"New York fell 40 cents!"
Chapter completed!