Chapter 147 Opening Ceremony

Early November.

Winter has begun in North China.

The autumn wind rustles and the ground is covered with yellow, and thousands of mountains and forests are dyed.

The patent lawsuit between Tetra Pak and the snail packaging was completed in the first instance on November 2, and the result was that the snail packaging won.

Tetra Pak, dissatisfied with the verdict, chose to continue its appeal.

They are also anxious now, because at the end of October, the number of members of the Farm Reclamation Alliance increased to 8, and 6 more are applying.

Although the price of packaging materials continues to be lowered, fewer and fewer companies use Tetra Pak production lines. Even companies with ideas deliberately adopt a wavering attitude. In Tetra Pak, Greatview, Snail The packages are waiting for sale.

If it weren't for the three major dairy companies that Tetra Pak has stabilized, I'm afraid they would have completely collapsed. Even if they have guaranteed market share, the profits in Greater China this year are expected to be only about 40 to 45% of last year.

Tetra Pak already feels bad about the future of Greater China, its largest market.

Also feeling the cold wind are domestic dairy companies that are not affiliated with the Farm Reclamation Alliance, as well as the International Dairy Alliance, which plans to hold on.

As for ABCD, since they have no way to disrupt the expansion of the Farm Reclamation Alliance, although they still control China's oil extraction industry, they know that as time goes by, ABCD will gradually lose its right to speak in the oil extraction industry.

And Suiren Company's offensive is just the beginning.

November 8th.

Dalian.

The brand-new exchange building has three huge LED screens. The scrolling red fonts on them can be seen clearly from hundreds of meters away.

On the roof of the building, there is a huge font of "Dalian Ore Exchange".

In the small square at the entrance of the exchange, a temporary opening ceremony stage has been set up.

The business representatives or CEOs who participated in the opening ceremony were all discussing in small groups, each with their own small circle.

For example, in the steel industry, there are small circles of large steel companies, small steel companies, private companies and state-owned companies, and companies in various regions.

Various companies in the fertilizer industry are clustered in an area with Song Shijia of Blue Star Mining Group, Huang Qianli of Snail Steel, and Gong Xincheng of Tonghua Iron and Steel Co., Ltd.

Weiqiao, Xinfa Aluminum and Chinalco in the aluminum industry are a small circle.

In addition, suppliers of iron ore, bauxite, and potash fertilizer raw materials, such as business representatives from BHP Billiton, Rio Tinto, and Vale, came to participate.

But most of these guys are here to inquire about information and observe the details of Dalian Ore Exchange.

The time came to 8:40 am.

Shan Zhonghua, secretary-general of the Steel Association, Li Hongwen, general manager of the exchange, and Zhang Aichun, who is stationed at the Dalian Exchange from the China Securities Regulatory Commission, appeared on the podium together.

Shan Zhonghua looked at everyone below and spoke slowly: "It has been 11 years since the Ministry of Metallurgy was disbanded and the Steel Association was born. This year's long-term price negotiation is a shame for our Steel Association. Today's Dalian Ore Trading The institute was established in response to price discrimination and extortion by international iron ore suppliers.”

All the business representatives or bosses at the scene were dumbfounded.

Especially those steel companies that have no reserves of ore are almost scared to death, because Shan Zhonghua's speech is a declaration of war on the three major iron ore suppliers. If this one is not good, the iron ore price next year may drop again. It's going to skyrocket.

The only people who are relatively calm are Snail Steel, Tongshan Iron and Steel, and those unrelated aluminum companies and fertilizer companies.

Shan Zhonghua also ignored the whispered discussions of others and directly announced: "I announce that the Dalian Ore Exchange will officially open today."

The companies in the fertilizer industry immediately took the lead in applauding, and the aluminum industry joined in the applause, while the ugly-faced steel companies applauded sparsely.

Next, Li Hongwen, general manager of the exchange, came to the stage to give a speech. He cleared his throat:

"First of all, I would like to welcome all the guests to the opening ceremony of the Dalian Ore Exchange today. I will cut the nonsense and get straight to the point."

"Currently, the three varieties listed for trading on the Dalian Ore Exchange are pure iron powder, pure aluminum powder, and potassium sulfate."

"There are three main raw material suppliers, namely Blue Star Mining, United Recycling, and Beijing Enterprises Resources."

United Regeneration is a wholly-owned subsidiary of United Water, and Beijing Enterprises Resources is a wholly-owned subsidiary of Beijing Enterprises Water.

"Please see the specific trading varieties behind me."

Everyone concentrated and stared at the large LED screen behind Li Hongwen.

[United Recycling—Pure Iron Powder (November): 1,421 yuan/ton]

[Beijing Enterprises Resources—Pure iron powder (November): 1,421 yuan/ton]

[Blue Star Mining—Pure Iron Powder (November): 1,421 yuan/ton]

The initial prices of the three major raw material suppliers are consistent, and each company can purchase these raw material futures based on location and international prices.

As long as the futures delivery period has not yet arrived, these purchased pure iron powder futures can be traded on the exchange's public market, or they can be traded privately over the counter.

Currently, the variety with the longest delivery period is the 2010/06/30 batch, which lasts for more than half a year.

The minimum transaction on the Dalian Ore Exchange is 1,000 tons per lot.

As the speech ended, it was almost 9:30. The business hours of Dalian Ore Exchange are from 9:30 to 15:00 every day from Monday to Friday, without a break at noon.

As the opening time comes, traders from various companies open the trading systems that came with the previous exchange.

These companies, because of their different industries, focus on different trading sectors.

The fertilizer industry focuses on potassium sulfate. Currently, there are only two suppliers of potassium sulfate, Blue Star Mining and Beijing Enterprises Resources.

Stanley's boss asked the trader in a private room of the exchange: "Xiao Zhang, what is the current price of potassium sulfate?"

"Boss, it's around 2170 now. Blue Mine has released 800,000 tons of trading volume this month. Beijing Enterprises has a little less, only 120,000 tons this month." Trader Xiao Zhang replied.

The person in charge of the market research department on the side immediately knew the current situation. In the first half of this year, the price of imported potash fertilizer soared, rising to 4,400 yuan/ton. Since the second half of the year, it has continued to fall. Now the import market price has dropped to 2,600 yuan/ton. Ton.

However, the price of high-purity potassium sulfate from Blue Star Mining and Beijing Enterprises Resources is so low, and the quantity is so large.

You must know that the amount released by the two companies has reached 920,000 tons. Although futures do not require spot goods, when the delivery period comes, the spot goods must be taken out.

After working with Blue Star Mining for more than half a year, Stanley knew that Blue Star Mining's potassium sulfate reserves were at least around 6 million tons, and that its monthly production volume was no less than 1.5 million tons.

If Fengmin Agriculture hadn't delivered chemical fertilizers every day and engaged in land improvement, which consumed a large amount of potassium sulfate, the amount released by Blue Star Mining every month would have been even more terrifying.

Of course, this is also what Blue Star Mining and Beijing Enterprises Resources have negotiated, and the quantity released must be controlled within a reasonable range.

Otherwise, Blue Star Mining will directly dump 6 million tons of inventory on the market, and the price of potassium sulfate is expected to collapse.

Even this price makes international potassium sulfate manufacturers cry for help.

"Boss, I suggest eating 100,000 tons. The price is not bad."

Stanley's boss thought again and again and nodded: "Then eat 100,000 tons."

Soon, major fertilizer manufacturers took up 920,000 tons of potassium sulfate futures in November. Now China's import demand for potassium fertilizer raw materials has basically been won by Blue Star Mining and Beijing Enterprises Resources.

The turnover of the potassium sulfate sector reached 8.37 billion that day.

Thank you all for your support (ω｀), and thank you to book friends for the rewards such as "Walking Alone for Ten Thousand Years", "Flowing Snow in July", "Chutian Pavilion 21", and "Traveling the Heavens with the Green Mountains"!