I'm in the county town, and you say I'm a big shot?
Chapter 568 All of Sasha's Wedding
Chapter 568 All of Sasha's Wedding
The battle for methanol has spread from the futures market to the spot market, but Fang Qingye, the instigator of this fight, is quite relaxed.
The couple stayed overnight at their villa in Shanghai and attended Quan Shasha's wedding the next day at noon. Bai Ou got up at four in the morning, saying she had to rush to Quan Shasha's rented apartment to accompany her to get her makeup done.
Fang Qingye naturally wouldn't go with her. Worried about his wife's safety, he called Yue Kai to drive her there. He got up around 7 a.m., went for a run in the neighborhood, changed his clothes, and went to a snack shop outside the neighborhood for a bowl of soy milk and fried dough sticks. Anyway, he had nothing to do this morning and plenty of time.
Then, back at the villa, I turned on the computer in my study and started browsing various financial news, naturally paying attention to the movements in the two methanol spot markets.
Hey, hey.
The 15 low-priced methanol spot transactions were completed yesterday!
But why are there 21 more today?!
Looking at the transaction location, it's still Suzhou, Wuxi, and Ningbo!
Haha!
They've hit a deadlock.
Ok.
Looking at the futures market again at 9 o'clock, the trading volume of the methanol main contract M1401 surged at the opening today, but the price did not change much, indicating that the battle between the bulls and bears is fierce.
Very well, you can fight another war of attrition.
Fang Qingye then started browsing other information, including news about the battle between Ele.me and Meituan Waimai.
Why.
Both companies are fighting tooth and nail.
Judging from the situation, a combination of "civil and military tactics" is likely to follow. Fang Qingye couldn't help but shake his head.
At 11 o'clock, Fang Qingye drove to attend the wedding banquet at the Yinglun Xindian Wedding Banquet Hall on Tianshan Road. The fourth-floor Royal Hall is a multi-functional banquet hall with an elegant and grand Rococo-style arched ceiling and pillarless hall.
It seems the groom spent a lot of money on this wedding.
Fang Qingye, representing her maternal family, sat at the maternal family's table. The people around her were mostly relatives of Quan Shasha, who had come from their hometown county. Fang Qingye didn't recognize any of them.
That's fine, though. Since they're not familiar with the place, they won't pour drinks indiscriminately. Fang Qingye said she drove herself, so no one else bothered her.
In Fang Qingye's words, "Finish eating and leave quickly."
After the grand wedding ceremony, Fang Qingye and Bai Ou sat together, and everyone invited them to start the feast. As expected, Fang Qingye did not drink a drop of alcohol, and even the bride and groom's toasts were turned away by Bai Ou.
The reason? We're planning to have a baby.
Just then, a woman walked over with a smile.
"Aoba!"
"Zhu Yi?" Fang Qingye stood up with a smile and greeted her, "What, you're here for the wedding too?"
"Yes, I know the groom; he was invited."
"Oh, my wife and the bride were college classmates, so we're like family to her."
"Hello, Ms. Bai," Zhu Yi greeted Bai Ou again.
"Hello, Miss Zhu."
When Fang Qingye got married, Zhu Yi also went to Nanxin to attend the wedding, so she also met Bai Ou.
"Qingye, go outside and say a few words."
Fang Qingye knew he was probably talking about futures, so the two of them went into the banquet hall and then into the corridor.
"The owners of several companies in eastern Zhejiang and southern Jiangsu have agreed to our request and have begun to sell off their methanol holdings."
“I saw it,” Fang Qingye said. “Yesterday, there were 15 deals for low-priced methanol spot sales on China Methanol Network, and today there are more than 20 more.”
"Yes, those are all inventory from several companies."
“Sure, you guys can persuade those big bosses to help you,” Fang Qingye said.
Zhu Yi sighed after hearing this, and then said, "Yes, but there will be a price to pay!"
"What price?"
"We signed an agreement with them that we must purchase the same amount of methanol for each company by the end of February at the latest, and also compensate them for their transaction fees." "So if the spot price still doesn't come down by then, you'll have to make up the difference to buy it?" Fang Qingye immediately understood.
“Yes, we’re not only going to lose money in the futures market, but we’re also going to suffer losses in the spot market. That’s really going to be a disaster,” Zhu Yi said, her delicate face filled with worry.
"With you working on both fronts, there shouldn't be any problems," Fang Qingye reassured her.
“I don’t think it’s easy.” Zhu Yi shook her head: “The 15 spot orders from yesterday have already been bought, and I think 10 of the 21 orders from today have already been completed. I reckon that Jiang Wei is also working with a group of companies to take over the spot orders we’re selling.”
“What you said is possible.” Fang Qingye nodded: “Whether it’s the futures market or the spot market, large-scale transactions involve cooperation between companies; it’s very difficult for a single company to do it.”
"So, Aoba, if we really can't hold on, you have to help us." Zhu Yi said, looking at him with pleading eyes.
Fang Qingye feigned a troubled expression: "If even you, along with the bosses from Jiangsu and Zhejiang, can't defeat the bulls, it can only mean that their strength is beyond our imagination. Perhaps we're overthinking it? Maybe the market will turn around tomorrow?"
"hope so"
Zhu Yi noticed it too.
Fang Qingye will not make a move easily this time.
After chatting for a few more minutes, Fang Qingye returned to her parents' home.
Seeing Fang Qingye return, Bai Ou asked in a low voice, "Zhu Yi was looking for you, was it about methanol futures?"
"Hmm." Fang Qingye quietly summarized the key points of their conversation: "They're worried they can't hold out, so they want me to step in."
"Then what do you think?"
“The opponent is indeed very strong. Let the short sellers wear down their strength a bit more, and we’ll wait a bit longer.” Fang Qingye said, picking up her chopsticks.
Time flew by and it was New Year's Day 2014. This year, there was only one day off for New Year's Day, with no make-up days. Bai Ou returned to Nanxin, and the young couple spent the weekend together.
The weather is nice today, sunny and breezy, as if spring has already arrived.
Such weather was perfect for an outing to the countryside, so Fang Qingye encouraged Bai Ou to go on a spring outing with him, though he actually wanted to go fishing.
Although Bai Ou saw through his true colors, she still agreed. Staying in the concrete jungle of Shanghai all day was boring, so it would be good to go to the countryside for some fun.
So Fang Qingye fished by the river, while Bai Ou picked newly blooming, unnamed wildflowers in the nearby fields.
Around 4 p.m., the two returned to the nursery. They were going to have dinner at their grandparents' house that night. They drove into the nursery and parked the car in the yard. Fang Qingye found that her grandparents were busy cooking in the kitchen, with all sorts of delicious food laid out on the cutting board.
"Grandpa and Grandma, are you preparing a feast? My parents and second uncle are coming over for dinner too?" Fang Qingye asked in surprise.
"No, your friends are coming over, and I need to entertain them," Grandma said cheerfully.
"my friend?"
"It's in the living room."
Fang Qingye turned and left the kitchen. At that moment, he saw Lin Guangmao come out of the living room.
shit
It was you guys!
"Mr. Fang, I'm sorry, we had something to do this time and didn't give us a heads-up," Lin Guangmao said.
I'm impressed!
Bai Ou, standing to the side, was very enthusiastic: "It's alright, when did you arrive?"
Around one o'clock.
"Why didn't you call Aoba? We would have come back much earlier, so you wouldn't have to wait."
"I heard that Mr. Fang went fishing, so I won't disturb his enjoyment. We'll just wait."
Ah.
Why is Rin Guangmao, who is usually so unruly, so meek and submissive today?
(End of this chapter)
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