Chapter 641 Empty Window Closed

Hidetomo Hirano has more than once had the idea of cutting meat to escape, but the rising price of crude oil and the factors that the loss has not been filled have prevented him from realizing this idea.

Maybe the oil price has really begun to rebound. If Dahua Industry leaves the market with profits, the crude oil price may rise to $17.

At the oil price of around $15.50, Hidetomo Hirano thought of closing the position several times and vetoed it several times, but he didn't even do anything practical.

He is not pure greedy. Sumitomo Commercial Bank's current floating loss is more than 2 billion US dollars. If the position is closed, it may have a loss of 4 billion US dollars to completely escape, and it is about to catch up with the "most loss in history". If you go back with such a report card, no one in the head office will think that he is "cutting meat to escape" and will probably accuse him of erasing the hope of turning the tables.

On the other hand, Hidetomo Hirano did not want to make the senior traders hiding on the second floor happy. He ordered to close the position, which was equivalent to taking all the blame on himself and leaving the two guys away.

Realistic factors and small hopes made it difficult for Hidetomo Hirano to make up his mind. In the afternoon, he didn't have to make up his mind.

Michio Matsumoto and his subordinates from the headquarters of Sumitomo Trading Co., Ltd. took over the accounts and funds of the London office.

Hidetomo Hirano couldn't tell whether he was lucky or stood aside in disappointment. He still stayed in the exchange, nominally for consultation. In fact, it was to let him clarify all the details of the transaction. A newcomer who only entered the trading company last year stayed by his side, as if he was watching over and ready to ask.

But Hidetomo Hirano made it clear that the commercial company had to decide his disposal until the final result.

He stared at the new Michio Matsumoto with playful eyes. This guy was the predecessor who entered the company two years earlier than him, and the two sides had a short contact. Because of his excellent work, Michio Matsumoto has overcome difficulties several times, and then became the head of the second business department. In [Japan], the minister is also a manager-level cadre, which can only be said to be middle-level. However, as a comprehensive commercial company with assets of 300 billion US dollars, the head of the second business department of the headquarters is the core of the core, claiming to be one of the shortcuts to become a president.

Of course, if you want to be a president, the first thing is not to make mistakes.

Hidetomo Hirano thought to himself: The futures market is not something that you can't make mistakes if you don't make mistakes.

Matsumoto Michio obviously expected that under heavy pressure, there was no smile in his eyes, and there was no sympathy when he looked at Hidetomo Hirano.

What he is better than Hidetomo Hirano is that the commercial company's requirement for his starting point will not be $18. At the same time, he also has complete authority to skip the level. However, in the face of many losses, no one will feel relaxed.

"Reducing the loss to $1 billion is a success. However, if you can't reduce the loss, don't increase the loss. Matsumoto still remembers the personal entrustment of the former vice president. As a super-large comprehensive trading company, it is basic common sense to pay attention to the crushing of his peers while doing things. He doesn't want his good future to become bleak in London.

After roughly listening to the report, Matsumoto Michimoto straightened his short body, and his small eyes jumped up. He said, "Now, I ask you to make a plan to withdraw first, based on the current situation, and find out as soon as possible. If you close the position or withdraw part of the funds, the losses caused. The choice of timing is very important, and the loss should be as small as possible.

"How small is it?"

"500 million dollars is the limit of tolerance. If you can't do it, you'd better buy some T-shirts and prepare to go to the tropics for retirement." Matsumoto is murderous. The tropical regions are all weak places, which means that the future is uncertain. Correspondingly, if Matsumoto can't do this well, he may also prepare a T-shirt.

The two senior traders, Hase and Hiroda, looked bitter. As many parties, it is not too difficult to close their positions, but the loss has to be reduced to 500 million US dollars, that is, one-sixth or even one-eighth of the current situation, which is really beyond their ability.

Hidetomo Hirano was inexplicably happy. His guilt has been determined, and there is no need to worry about it. These annoying things belong to the two senior traders.

Under the shock of Michio Matsumoto, Hase persisted for 30 seconds and said, "Then we can only wait. We have no choice. Hirano bet heavily on many parties, not that he can withdraw."

He wanted to put the blame on Hidetomo Hirano, who curled his lips and thought he didn't hear it.

Matsumoto will not follow his idea and said, "That's why I asked you to make a plan. I want you to make an estimate based on your own experience. How much do you think the price of crude oil in London will rise, and the fluctuation of our selling at which price will be small. We have to divide it into several steps to sell Cang, I want to see the detailed plan, do you understand?

This requirement is very simple. It is often done by traders on the exchange, and many ordinary orders will have similar operations.

But in the current state, the tone of this planning book is a plan, rather than a name certificate. If something goes wrong at that time, as long as Matsumoto comes up with a plan, he can blame a large part of the blame on the two traders who are not accurate.

It is obviously extremely difficult to estimate accurately.

Hase's face turned green, and he hurriedly said, "Since Mr. Matsumoto is here, we should follow your plan. For the price of crude oil, the current fluctuation is too strong."

"You are senior traders on the London Crude Oil Exchange, and I haven't paid close attention to London's crude oil futures recently. Of course, I ask you to estimate the price. Write it now. I want to see the plan in two hours, otherwise, you can go back to the headquarters to report by yourself. Matsumoto's momentum is stronger than that of a man in a room.

Hase thought, let us do everything, what are you going to do?

He puffed up his cheeks twice and gradually lost his courage.

In [Day] In our commercial company, it is common for subordinates to take the blame for their superiors, or to be robbed of credit by superiors, especially for people like them who are not in the same system and make mistakes. Matsumoto from the headquarters kneads as much as he wants.

At that time, even if the report is guessed correctly, Matsumoto can take it as his own suggestion.

The same thing has been done by Hase and Hirota. This kind of lawsuit is useless to go to the headquarters, and it will also make colleagues feel excluded.

It's all because of Hidetomo Hirano!

Hase began to regret that he had not stopped Hirano's radicalism before, and the two senior traders stared at Hidetomo Hirano fiercely. Although the latter is punished more, everyone wants to be punished.

"During this period," Michio Matsumoto saw that they were subdued and said seriously, "The business community has reviewed all your operations in the past two days. I want to suspend all your authority. Other intermediate traders and junior traders who are not involved in this matter will report all transaction applications to I'm here"

Matsumoto adopted the strategy of pulling a batch, but what he didn't expect was that his seemingly complete order was wasted the last day of Sumitomo Commercial Bank.

A day passed quickly.

The tension in Sucheng did not ease. He climbed up before 6 o'clock and began to pay attention to oil futures trading around the world. In addition to crude oil futures in London and New York, exchanges such as Tokyo, Dubai, Singapore and other exchanges also have other oil products trading, such as fuel oil, diesel, aviation oil, etc., which is naturally not larger than crude oil, but it is also its own futures contract, and the quantity cannot be small.

The price of these oils should reflect the price of crude oil to a certain extent, but Sucheng is mainly to ease the mood.

These two days are the last empty window before the decisive battle. When oil prices do pick up, it is hard to say how many financial institutions will escape.

Especially those guys who entered the market before $16, some may make more profits. If they make profits, they will really make money and leave.

In the view of the empty giant Su Cheng, these many parties who have run away are all their own money.

It's not a good thing to have too many chips on the opposite side, but when you want to win, it's not worse to have fewer chips.

Qi Xiao stayed with Su Cheng for two days under the situation that he didn't understand at all.

It was not until the next night that Su Cheng's expression really relaxed.

"Sumitomo, Societe Generale and Enron have not closed their positions?" Su Cheng waited for the bell to rang and asked.

Qi Xiao didn't feel relaxed at all. He checked the information and said, "Enron seems to have reduced its holdings by 10,000, and other institutions have not changed much."

10,000 hands are 10 million barrels of crude oil, and the selling price is more than 100 million US dollars. In terms of profit and loss, it is also about 20 million yuan.

Su Cheng rubbed his neck and said with a headache, "Anran is quite clever."

"Yes."

"It's a pity."

"Yes." Qi Xiao thought secretly: It would be better if we all ran away. We can make a difference of at least $2. If they don't run, who knows what will happen tomorrow?

Su Cheng praised twice again and made sure that there was no big change in the market, so he went back to rest.

He slept well. He got up at 7 o'clock in the morning and spread out a pile of newspapers to read.

Sure enough, in the corners of several financial editions, I saw the news that several companies have increased production. Whether it is Repsol or British Global, companies such as British Globe are holding a large number of oil fields all over the world. Limited by the pressure of technical costs and sales, there are always oil fields that are limited or reduced production.

Western oil companies have a tradition in this regard. The development boom set off by oil-producing countries around the 1970s found more than 20 billion barrels of reserves, and the daily output of tens of millions of barrels was all caused by the concealment of oil companies.

However, the increase in the company's crude oil production alone cannot cause an immediate effect. The financial version of the news, OPEC's inventory of global crude oil production news, is the killer of the bayonet.

(To be continued