The pure aluminum powder sector is the focus of aluminum companies, and it is also a huge supply.

The producers are Bluestar Mining and United Regeneration, among which Bluestar Mining invested 600,000 tons of pure aluminum powder futures in November, while United Regeneration invested 400,000 tons of pure aluminum powder.

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Pure aluminum powder is actually a semi-finished product, no different from electrolytic aluminum. The current price of pure aluminum powder on Dalian Exchange is 9,736 yuan/ton.

This price is a huge benefit for companies that deep processing of aluminum products, but for suppliers of bauxite raw materials, it is a malicious price.

As the world's largest importer of bauxite, the amount of bauxite imported by China accounts for about 80% of the world's total bauxite output.

The main sources of imported bauxite are Australia and Guinea, and the main suppliers of bauxite and alumina are Rio Tinto and BHP.

He Ruidong, chairman of China Aluminum, was also in the trading box, watching the trader operating the transaction.

"Mr. He, now the pure aluminum powder released by blue ore and joint has reached 1 million tons in November. Do we want to grab it?"

He Ruidong made a quick decision: "Get the robbery, take as much as we have, and invest all the funds we can use."

The longest futures for pure aluminum powder are at the end of June next year, which means that Bluestar Mining and United Regeneration have released a total of 8 million tons of pure aluminum powder.

There are two types of accounts for futures trading seats, one is a cash account and the other is a margin account.

The account of China Aluminum Group is a margin account. When purchasing futures, you only need to pay a 30% margin, and the remaining 70% of the payment will be paid when the futures delivery period is due.

Of course, if the holder cannot make up for the 70% final payment on time, the exchange will directly determine that the supplier will obtain the 30% margin as compensation for liquidated damages by breach of contract.

If the holder does not want to take over the spot stock and does not want to pay the penalty for liquidated damages, either find a buyer before the contract arrives, or apply for an extension of delivery, but an additional deposit of 5 to 30% can be extended by an additional 1 to 6 months.

China Aluminum, which is rich and powerful, invested 2 billion yuan directly in its trading account and ate 2.73 million tons of pure aluminum powder futures.

Weiqiao Group and Xinfa Aluminum each ate 1.87 million tons and 1.52 million tons respectively.

The rest were divided up by other industry companies, and the total transaction amount reached 78.3 billion yuan. Fortunately, many companies have margin accounts and do not need to pay the full amount in one lump sum.

He Ruidong took the people out of the Dalian Exchange and saw Rio Tinto's representative Belia Ma Dichen with an ugly face. He smiled and went forward to say hello:

"Mr. Belia, I really have to thank your company for rejecting China Aluminum investment. By the way, if Rio Tinto cannot continue in the future, you can consider selling it to China Aluminum."

"Haha..." Belia Madichen's face turned darker.

BHP representative Johnson Charles, who was standing beside him, looked the same as the bottom of the pot, because BHP's bauxite has a larger alumina scale.

"Haha, I'm lost my companion." After He Ruidong laughed, he took the people away directly, feeling a sense of joy of being thriving in the spring breeze.

You should know that in February this year, they and Rio Tinto initially reached a plan to acquire 19.5 billion meters and acquire 18% of the shares. However, in June, the cooperation between the two parties was cancelled by Rio Tinto. Although Rio Tinto paid a penalty of 195 million meters, this was a huge strategic setback for China Aluminum.

Looking back now, He Ruidong felt very glad that if he had successfully acquired 18% of Rio Tinto's shares at that time, he would have suffered huge losses today, and at the same time, he would have to face the impact of Blue Star Mining and Joint Resources.

He Ruidong can basically foresee the next encounter between Rio Tinto and BHP Billiton, which is also the reason why he hurried back.

If these two companies suffer serious losses, China Aluminum may take advantage of the situation and take advantage of the mineral resources of these two companies.

Watching He Ruidong leave proudly.

Belia, Charles, Juan and others looked at the rolling pure iron powder, pure aluminum powder, and potassium sulfate on the display screens in the trading hall.

Through several familiar small steel business accounts, they saw very frightened data.

The pure iron powder produced by Bluestar Mining, United Regeneration and Beijing Enterprises Resources reached 4.8 million tons, 2.71 million tons, and 940,000 tons in November alone.

Among them, Blue Star Mining, which has the largest increase in production, will reach 28 million tons of pure iron powder futures in June next year.

These three companies will sell 243 million tons of pure iron powder to the market in the next eight months.

The younger Belia began to feel restless: "Charles, what should I do? Will the other party deceive us? Is it deliberately released so many fans, why don't we apply for funds from the headquarters and eat all of these fans?"

"No, if we eat these iron powders, if the other party continues to expand production and we will not be able to digest so much, it will cause huge losses." Charles shook his head quickly.

Juan, who has been silent, is also very worried. Vale's product types are not much different from BHP and Rio Tinto. Now bauxite, alumina and potassium ore are basically a foregone conclusion.

As for whether the other party has so many loyal fans, he is still a little smart. The transactions on Dalian Exchange are clearly stipulated.

If the supplier fails to perform the contract on time and fails to perform the contract on time, he will not only be fined 3 times, but will also be directly disqualified from trading and will be prohibited from listing on the Dalian Exchange for life.

If spot goods cannot be delivered, the credit of the Dalian Exchange will instantly plummet.

Although Juan hopes that Bluestar Mining will not produce so many fans, reason tells him that the other party will not joke about such things.

Charles, who felt helpless, said in a low tone: "Please report to the headquarters! We have no way to make a decision on such matters."

"OK!" Belia patted her forehead: "Farke Squid!"

They did not take Suiren Company and the Iron and Steel Association seriously before, but they did not expect that the slap in the face would come so quickly.

And this is no longer a slap in the face, but directly trampling them under their feet. Faced with the crushing of Blue Star Mining, they have no power to resist.

In the transaction box.

Chen Guangrong, Ding Lixing and others, as well as Baosteel traders, are crazily eating into these futures. Anyway, Blue Star Mining dares to increase the volume, so they dare to eat it.

If Bluestar Mining breaches the contract at that time, Suiren Company, which has a big business, will also have money to compensate.

Moreover, Chen Guangrong believes that Suiren Company will not bet with hundreds of billions of liquidated damages, and these iron fans must exist, or that Blue Star Mining can produce them in the future.

Looking at the 3,570 tons of pure iron powder I took down, Chen Guangrong turned his head and ordered: "Look now, the cooperation negotiations with Vale must be delayed, and there is no need to be too anxious to reach an agreement."

"I understand, I will definitely drag the negotiations down." Ding Lixing understood it.

The Vale days will definitely not be too good for the next period of time. If you cannot cope with the impact of Blue Star Mining, the consequences may be disastrous.

Although Baosteel is a state-owned enterprise, it still has some basic common sense when doing business.
Chapter completed!