Chapter 1121

"Due to expectations of reduced sugar beet production in Europe this summer caused by drought, and driven by rising white sugar prices in London, New York raw sugar prices have risen since the beginning of October.

Coupled with the shortage of raw sugar in China, prices have skyrocketed since entering November. As of the market close at noon today, the increase has reached as high as 300%."

Guo Qizheng picked up the microphone on the chairman's table and walked to the center of the stage: "However, Brazil's production and export volumes have increased beyond expectations, Thailand's exports are also expected to increase further, and at the same time, India's sugar-to-cane ratio has fallen less than expected.

Therefore, the sugar production outlook for the three major producing countries is good, and it is expected that the global sugar supply will continue to be in a surplus situation. Guo's Sugar Industry will further increase its raw sugar inventory."

There was silence below, followed immediately by a thunderous explosion of noise. Those with mobile phones took them out and started calling, and those without turned and ran outside to find a phone.

"Do you have raw sugar futures in your hand? Listen to me, sell them quickly."

"Sell the raw sugar futures quickly. Don't talk nonsense; sell them when I tell you to."

"Quick, quick, quick... sell all the raw sugar futures. What... the afternoon market hasn't opened yet? Sell as soon as it opens. You absolutely cannot hesitate for even a second."

Just then, a guy had just finished a call when his mobile phone rang. He hurriedly pressed the answer button.

"What? New York is also holding a press conference?"

After ending the call, this guy shouldered his equipment and ran.

Immediately after, the beeping of pagers sounded in unison. These "uncrowned kings" also received some news, and in just a few minutes, they were all gone.

Guo Qizheng smiled, straightened his collar, and left the banquet hall. At this moment, it was exactly two o'clock in the afternoon, and the Singapore Exchange opened.

The raw sugar price only fluctuated briefly at a high level, then collapsed with a roar, plummeting thousands of miles.

In the blink of an eye, it fell from 300.1 pounds per ton to 268.6 pounds per ton.

Guo Qizheng returned to the financial company. The middle-aged man saw him with a face full of shame and wanted to say something, but was stopped by Guo Qizheng's wave.

"Do what you need to do."

"Yes!"

At this moment, the middle-aged man seemed to remember that his boss was the Asian Sugar King, who could influence raw sugar prices with a single word.

………………

Xiangjiang!

The afternoon opening time of the Hong Kong Stock Exchange is 2:30, half an hour later than Singapore.

At this time, there were still five minutes until the opening, and the crowded trading hall was a sea of heads.

One by one, they were waving banknotes, preparing to buy raw sugar to make a good profit.

Zhou Chaozhong had been in the trading hall without leaving; he was also hesitating whether to buy more.

In the end, reason overcame desire because he still believed in Zhou Andong's judgment.

The numbers on the electronic clock in the trading hall were jumping, and soon it reached 2:30.

At the moment the market opened, time seemed to stop. Many people's excited expressions froze on their faces as the raw sugar price plummeted without warning.

The Hong Kong Stock Exchange trading hall fell into an eerie silence that lasted for dozens of seconds, and then a loud roar was heard.

"Sell, sell, sell all the raw sugar."

Following this shout, the hall was in chaos, with shouts and curses ringing out.

Zhou Chaozhong was stunned, and then he felt fortunate.

At this moment, a man's shout reached his ears: "Don't panic, don't panic. The morning rise was too fierce; this must be a technical adjustment. Wait, wait, it definitely won't keep falling like this."

"A technical adjustment?" Another person's voice came: "Why do I feel something is wrong? Suddenly, huge sell orders have appeared."

Suddenly, a large order descended from the sky, sweeping through multiple sell orders in succession, and the raw sugar stopped falling. Next, for a full hour, the raw sugar began to consolidate, fluctuating within a small range.

This made everyone breathe a sigh of relief, and those who hadn't managed to run in time showed smiles on their faces again.

The large order that suddenly appeared just now, continuously sweeping through sell orders, made it very obvious that a major force had entered the market to build positions.

Huarong Capital!

Zhuo Qihua looked at the computer screen with a cold sneer: "Just now, it must have been the short side counterattacking. Now there is less than an hour left until the close. Everyone, keep your spirits up. The other side won't admit defeat so easily; they will definitely struggle. No matter how many sell orders they have, sweep them all and hold the price."

………………

Emperor Financial Company!

In the short hour that had just passed, Green had broken out in a cold sweat. It took a long time for him to recover, and then he laughed excitedly again.

"There must be a major force entering the market to build positions. Now is our perfect opportunity."

Keton also let out a breath: "You mean to continue building long positions?"

"Yes!" Green said confidently: "Before yesterday, the situation was unclear, but now it is out in the open. With a major force entering to go long, why shouldn't we follow?"

Keton hesitated; he had really been scared just now.

Green continued: "Boss, opportunities are fleeting; you absolutely cannot hesitate."

Keton felt that what Green said made sense, and with a major force entering, it was already very obvious. When did he become so timid?

"Okay!"

Keton nodded: "Add another two million US dollars."

"Snap!" Green snapped his fingers: "Boss, you will definitely be proud of this decision."

………………

Qiudongfang!

Yuan Wanqi checked the time; there were twenty minutes left until the close.

"Smash the market, build short positions at a high level. I want to eat up the long side; absolutely do not let him run."

"Understood!"

More than a dozen traders were typing rapidly on their keyboards, and large sell orders were thrown out.

Wu Hongkang stood to the side, not daring to breathe loudly. Having stayed here for so long, he understood a little bit.

Life or death depended on this battle. If they won, they would rise to prominence upon returning; if they lost, they would be hung up and roasted.

………………

Hong Kong Stock Exchange!

Zhou Chaozhong's pager beeped. He took it out and looked at it, and he was stunned.

"Damn it!"

He cursed, then raised his head to look at the big screen in front of the trading hall.

At this moment, a large number of sell orders appeared again, and the long side was frantically sweeping the market, swallowing as many sell orders as there were.

Even a novice in the stock market could see that this was a battle between long and short. One by one, they clenched their fists, cheering for the long side.

Zhou Chaozhong looked down at his pager again, then took a deep breath and turned to walk out.

Because there were so many people, he squeezed for a long time without getting out.

"Chaozhong!" Just then, Zhou Chaozhong was grabbed by the shoulder by someone: "Why are you leaving?"

Zhou Chaozhong turned his head and saw it was his old neighbor, who had lived across the door for decades. The two families had a very good relationship.

"Uncle Zhao, why are you here?"

Uncle Zhao was over sixty, with a full head of white hair, and looked very kind.

"Sugar futures are so good. I heard about it, so I wanted to earn some coffin money."