I'm in the county town, and you say I'm a big shot?

Chapter 566, Section 565: "Better to die for a fellow Daoist than for this one"
"According to your description, the reason why Jiang Wei is so fearless now is not only because he is going long in the futures market, but also because he is hoarding a large amount of methanol in the spot market, causing a shortage. I suggest you don't fight him head-on in the futures market, but find another way."

"You mean you want to fight him in the spot market?" Zhu Yi immediately understood his meaning.

"Yes, try to raise a large amount of spot goods and sell them at a price lower than the market price! In order to keep the price of methanol in the spot market from falling, Jiang Wei will definitely continue to buy, which is equivalent to depleting his funds!"
"At the same time, you continue to short the futures market. If Jiang Wei, the bull, dares to take delivery, you will settle at a high price! All the goods will rot in his hands!"

After listening, Lin Guangmao and the others discussed it in hushed tones. Finally, Lin Guangmao spoke up, saying, "President Fang, your method is good, but it faces two problems."

"First, we can't buy methanol. It requires very strict storage conditions. Generally, only chemical plants like Xinhua Chemical, which specialize in methanol trading, can store it in large quantities."

"Second, there's the issue of funding. Whether it's buying in the spot market or continuing to short in the futures market, a lot of capital is needed. To be honest, we don't have much capital left, and we also need to prevent being liquidated."

After listening to what Lin Guangmao said, Fang Qingye took a sip of tea and smiled slightly:
“I didn’t tell you to buy methanol on the spot market yourselves. Jiang Wei has his own chemical company. You can also look for similar companies, right? Jiang Wei has stockpiled so much methanol and driven the price up so high, while the price of crude oil, which is closely related to the price of methanol, is constantly falling. Do you think those bosses are happy? You can find them to join forces to short the market! As far as I know, there are also a lot of chemical companies like this in southern Jiangsu and eastern Zhejiang.”

“Qingye is right.” At this moment, Shi Guangrong, who hadn’t spoken until now, chimed in: “There are indeed many companies like those in Suzhou and Wuxi.”

"And Ningbo too," Zhu Yi added. "My hometown is in Ningbo. Places like Fude Energy, which is said to be the largest methanol-to-olefins company in the country, and Siming Chemical, etc."

Fang Qingye's words, along with Shi Guangrong and Zhu Yi's additions, gave Lin Guangmao and the others hope.

Yes, by joining forces with industrial capital and opening up a front in the spot market, it is possible to defeat bulls like Jiang Wei!

Perhaps seeing a glimmer of hope, Lin Guangshige and the others immediately felt better.

"Let's split up and head to southern Jiangsu and eastern Zhejiang first!"

"We split into two groups. Zhu Yi and Ye Yeqing went to eastern Zhejiang, while Haitang and I went to southern Jiangsu. I have some friends in southern Jiangsu."

"Okay, we'll go back to Shanghai today and leave tomorrow."

"That's too much trouble? Haitang and I will head to southern Jiangsu right now, it's not far anyway."

The four whispered among themselves, and finally thanked Aoba.

"Thank you very much, Mr. Fang," Lin Guangmao and his group said before leaving.

"Don't be so polite. We're all friends. Why don't you stay for dinner?" Fang Qingye said with a smile, trying to persuade her to stay.

"No, we'll thank you after we've finished our business," Ye Qingjun said.

"Then you guys go ahead, I'll go straight to Wuyang later to check on my company," Shi Guangrong said.

Lin Guangmao and the others also knew that Shi Guangrong had invested in a wind power company with a factory in Wuyang. They had been busy with this all year, so they said goodbye and left.

"Xiao Rui, see the guests out," Fang Qingye said.

"Alright, everyone, please."

The room fell silent, leaving only Fang Qingye and Shi Guangrong.

Fang Qingye was about to speak when Shi Guangrong spoke first: "Qingye, don't blame me. I was also pestered by these guys, especially Zhu Yi. She actually came to my house and talked to my wife, saying that if she loses money this time, all the wealth she has worked hard to accumulate over the years will be gone. She looked so pitiful. My wife felt sorry for her and asked me to bring them over."

"I was afraid you wouldn't see me, so I didn't call."

"What if I'm not in Nanxin right now?" Fang Qingye glanced at him and asked.

"They said that since you're not here, they'll stay in a hotel and wait for you! They'll wait until you come back!"

"Oh, what a quack!"

Fang Qingye laughed and scolded, "There's no other way, we're about to go bankrupt. Billions of dollars will vanish into thin air. What does face matter? I dare say, if you agree to step in and save them today, even if you let Zhu Yi sleep with you and Lin Guangmao and the others call you 'Dad,' they'll all agree!"

"Get lost! That's disgusting! They might want me, but I wouldn't even want them to."

Shi Guangrong burst into laughter.

After a moment, he said, "Actually, there's another reason why I brought them to see you."

"Are you also interested in investing?" Fang Qingye glanced at him and asked.

"Yes, it's been over a year since I last traded, and my hands are itching to get involved." Shi Guangrong chuckled and continued, "After Zhu Yi mentioned it, I also carefully studied the current trend of formaldehyde futures, and I found that their shorting was the right move! The current situation is quite similar to the trend of Zhengzhou cotton futures a couple of years ago!"

"I didn't say they were wrong to short sell," Fang Qingye said with a slight smile.

"It's just bad luck that he ran into a tough opponent. This Jiang Wei has a hand in both the futures and spot markets, he's no ordinary person."

“Yes, but Jiang Wei’s actions are suspected of market manipulation! Of course, this is just my feeling, without any real evidence,” Shi Guangrong said.

Your feeling is right.
Fang Qingye picked up her teacup and took another sip, but didn't say anything.

"Hey, Qingye, this is an opportunity. Aren't you going to join in and give it a shot?" Shi Guangrong asked again.

"Go in now? To be cannon fodder?" Fang Qingye rolled her eyes at him.

"Ha, I get it now! You sent Lin Guangmao and the others to find those industrial capital firms in Jiangsu and Zhejiang so that they could be used as cannon fodder to deplete Jiang Wei's resources!" Shi Guangrong suddenly realized.

"A dead Taoist friend is better than a poor Taoist."

"Haha, that's a brilliant analogy. Just let me know when you're in control," Shi Guangrong laughed.

"Okay," Fang Qingye readily agreed, then added, "But I also have something to tell you."

"What is it?" Seeing Fang Qingye's serious expression, Shi Guangrong also became serious.

"You've seen it too: Ele.me and Meituan are currently engaged in a fierce subsidy war."

“Yes, I feel like both companies have gone crazy; they’re just burning money,” Shi Guangrong replied.

"It's all about burning money, so let's see who has the most funds and can hold out until the end! You're also a shareholder of Ele.me. There were some things I didn't say clearly at the shareholders' meeting. This round of financing of 30 billion yuan is actually not enough."

"Indeed, at the current rate, 30 billion won't last long."

"Therefore, I am very likely to launch a second round of financing. If the situation is favorable for Ele.me at that time, these institutions will still be willing to invest more. Otherwise, it will be difficult!"

Upon hearing Fang Qingye's words, Shi Guangrong immediately said, "Don't worry, I will invest my full amount when the time comes! I don't have as much capital as you, but I can still invest six or seven hundred million!"

"Thank you then."

"Why are you being so polite with me? Alright, I'm leaving now, heading to Wuyang." Shi Guangrong said, standing up.

"You're really going?"

"That's right, we've already invested two hundred million there, how can we not worry about it?"

(End of this chapter)