After all, no matter how bad the Thai economy becomes, the rubber trees will still grow there and will not run away.

Due to the particularity of rubber products, rubber plantations will only cut rubber when rubber futures expire and delivery. On the one hand, rubber manufacturers purchase short orders in the futures market, and on the other hand, they sell spot to holders of the expiration contracts. In this way, whether the rubber price rises or falls, they can have stable profits. They are not keen on speculation in the futures market, but more for hedging.

The one who is really operating rubber futures prices is actually international rubber traders.

Although the Singapore Rubber Exchange mainly produces Thai rubber products, its prices will still be affected by the entire Southeast Asian rubber market.

As long as the Southeast Asian market does not collapse as a whole, the impact of Thailand's financial collapse will eventually be slapped.

Although he firmly believed in his judgment, Heiron still stared at the big screen in the exchange hall.

Even though so many people stood up, the price of rubber futures did not stop falling and rebound immediately. It took a lot of time for their efforts to show that millions and tens of millions of transactions, even electronic systems, could not be completed instantly. In the process of pairing one by one, time passed in a hurry.

To be honest, Pang Zhou was also very nervous. If others didn't know, he absolutely grasped the facts of Liuer Investment Fund. With a scale of tens of billions of dollars, the actual amount of losses that he could bear was only one-fifth.

The average price of short orders of more than 8 billion US dollars is 36 baht. Of course, with the decline in the exchange rate of Thai baht against the US dollar, the current rubber price can be regarded as one tenth less than before. The average price of short orders in Pang Zhou's hands is now equivalent to 39 baht. Below 39 baht. He is making money, and higher than 39 baht. He is losing money.

Even if the rubber price exceeds 47 baht, he will be completely cleared out. Of course, this line will continue to rise as the baht continues to depreciate in the future.

While many bulls were rescuing the market, the price of rubber futures fell slightly first, and then urgently rose by 0.8 baht. Then it fell by 0.5 baht, then rose by 0.3 baht and fell by 0.7 baht...

Seeing the curve formed by the price change, everyone's face became ugly. It doesn't matter if the futures price either rises or falls. Everyone continues to make measures everywhere. What they are most worried about is that now, it is neither up nor down, but it is constantly fluctuating.

The power of long and short people is pulling, and there is no clear direction. This makes the entire market full of danger. If the direction is clarified as soon as possible, everyone can naturally withdraw from the situation of small losses. But if they cannot see the direction clearly as soon as possible, they must increase their investment.

If one party is exhausted from ammunition and food first, the result will be endless. Both parties have invested tens of billions of dollars in capital at this time, and this money can almost buy most futures contracts on the Singapore Rubber Exchange. In the face of such a huge amount of trading volume, the loser will face the possibility of being able to clear his position even if he can't clean it up.

The market is so big. After two big fat people are stuffed in, once the winner is decided, there will be no retail investors who are not open to the eye as buyers!

"Hirano Trading Company, buy another 1 million long orders."

At this time, Heino Moto could also see clearly the appearance of Pang Zhou, who was not far from him. Unexpectedly, behind this Aegwen company, there was a Chinese man in charge.

There is no way, the Chinese people from China, Japan and South Korea sit together. Everyone will bring their own radars to easily identify the objects they should hate. Heino Moto just took a look and knew where Pang Zhou came from.

"I'll sell it to you." Pang Zhou responded without hesitation.

In fact, the market is already quite saturated at this time. The swimming pool is so big, but there is not much live water left at present.

If Pang Zhou wants to buy a short order, he must first borrow a rubber futures contract. After selling these contracts, he will agree to return the same amount of rubber futures contract at a certain point in the future.

If the rubber contracts Pang Zhou took down in the future, the price of the rubber futures will fall, then he can use less capital to buy back the same amount of rubber futures, which will generate a price difference profit. But if the price of rubber futures at the time of repurchase is higher than the price he bought, it will naturally generate a price difference loss.

When it comes to buying long orders from Hirano, it is easy to buy rubber futures and wait for appreciation.

But one problem is that rubber futures continue to gather in the market, so Pang Zhou may face a situation where there is nothing to borrow.

Unless, borrow the long order he acquired from Hirano Moto...

To put it simply, the plate in Singapore's rubber futures market is actually very small, about a scale of billions of dollars. At this point, if Pang Zhou wants to short, he must have people with long orders in his hands to continue to go long...

In this way, when we are in reverse, it is a bit like playing Drum-beating and Passing Flower. Bulls such as Hirano Buy buy rubber futures contracts from Pang Zhou. If Pang Zhou wants to short, Hirano Buy must lend a rubber futures contract. Can Hirano Buy not lend it? No, then he will be the one in his hand. Only by discovering the final price during the continuous flow of capital can this dangerous game end.

This situation has also caused the current tug-of-war form of futures prices. Everyone is constantly changing hands, increasing trading volume, and constantly pouring real money into it - but in fact, there are only so many rubber futures that serve as weights. The fragile balance is the real description of the current real description.

One party falls and loses his body, or the other party eats all the fruits of victory.

Pang Zhou's 2 billion US dollars of weight was consumed again in a few hours. In fact, every futures contract in the market had probably been resold n times. This long-short war was no longer a process of discovering the forward price of rubber, but a tool for both parties to bet.

And the time in the eyes of gamblers is always fleeting.

"3 million long orders!" Hirano Moto looked at Pang Zhou fiercely with red eyes. This was his last little capital. Hirano Trading Company obtained 5% leverage through the bank of relations and was unable to support his madness anymore. Although the other bulls were not as crazy as him, they seemed exhausted.

If Pang Zhou had not had reliable banks to provide leverage, a margin of $10 billion could be enough to leverage $200 billion, then everyone would just take a shower and sleep.

His 10 billion yuan was originally capital after repeated mortgages through Huamei Bank, and the disadvantages of the Lao Shizhong Expedition were gradually revealed.

After inertially shouting out this number, Heino Yuan was waiting for Pang Zhou's counterattack. He waited for a while, then waited for a while. He looked at Pang Zhou, who was standing not far away, looking at his watch, and suddenly laughed.

"Hahahaha, Eggwen Company has no funds? Give up the loss. As long as you admit defeat, I will feel sorry for you and leave you a flight ticket to return to China..."

Pang Zhou's silence also made other bulls in the outdoor corridor of the large household excited. There is undoubtedly the biggest short seller in the entire market is Pang Zhou. As long as he is defeated, the price of rubber will inevitably soar!

"200,000 long orders!"

"500,000 long orders!"

"I want a one million order! Hey, boy from Egwen, do you dare to take it?"

Pang Zhou's watch faithfully fulfilled his duties. He turned a deaf ear to the provocations around him, and just focused on counting how many journeys the watch's hour hand had gone.

At this time, the Thai baht fell by more than 17%. The Thai baht with a exchange rate of 25.2 yesterday has now fallen by 30 baht under the floating exchange rate system: below 1 US dollar. Pang Zhou's stop loss line has even been higher than the price of 52 baht.

He mortgaged Thai baht for every rubber futures contract, while the proceeds from each short rubber futures were exchanged for US dollars. With just one entry and one exit, he was actually invincible.

So, what exactly is he waiting for?

"Oh, it should be almost done." Pang Zhou raised his head from his watch, turned a blind eye to everyone's oppression, but looked at the scrolling message area on the large screen of the trading hall.

By chance, just as he looked up, new news suddenly appeared in the news rolling area.

"The Malaysian ringgit was affected by the Thai baht and announced a 3% decline."

“Malaysia announced that it would abandon the fixed exchange rate system.”

Malaysia's currency is ringgit, which is relatively close to the Thai baht. In the process of attacking the Thai baht, Soros continued to attack the Thai stock market, futures and financial markets. In addition, the economic operations of the entire Southeast Asia were actually affected.

After all, Thailand is actually similar to the rubber futures market. There are also many turtles who are too shallow in the pool. So many turtles had to go to the next pool when they couldn't grab the pit, which was the unlucky pool called Malaysia, which was suddenly occupied by the turtles.

Not only the Malaysian ringgit, but also the Philippine peso and Singapore dollar on the same day Thailand was attacked, the countries that could affect the Thai economic circle were also under different pressures. Of course, Malaysia, which bears 20% of the global natural rubber export volume, is the worst affected fish.

When Heino Moto saw these two messages, his head was dizzy almost instantly! If possible, he was even willing to spend $10 million per word to buy these two messages, and then throw them to the deepest part of the Mariana Trench.

Unfortunately, behind these two messages, perhaps each word is calculated in billions of dollars.
Chapter completed!