"22, 21, 20, the price of iron ore futures is about to fall below the 20 pound mark! Once the price of 20 pounds is exceeded, I am afraid that even if Luxembourg wants to operate, there will be no profit left! This is amazing. The famous Sao's family will probably have to completely fall if they want to operate iron ore futures this time!"

"I have said a long time ago that the sauer family and wealthy nobles in Luxembourg are all things in the past and have nothing to do with the present. They are just a group of poor people who are lying on their wealth before and are unprofitable."

"In this way, they will not only lose the interests in the futures market, but also reputation. I think after this incident, no one will care about the Luxembourg family anymore. I have said that no royal power can last forever, and this time it is our opportunity. Maybe we can take off the crown on their heads!"

As the prices of iron ore futures continued to fall, a carnival suddenly broke out in the entire metal exchange. Whether it was ordinary investors or the big investors in various private rooms, they were all yelling excitedly, saying irrelevant slutty words, and imagining the future.

In the eyes of many people, the Sao family in Luxembourg is just like this. Isn’t the super family with huge wealth hidden like a coward? Faced with such a situation, even York and others wonder whether they can replace them in the future. Even if they can’t achieve the king’s dominance or something, at least with such achievements, they can also get the attention of the financial owners behind them and have the opportunity to truly enter the wealthy family.

However, when a news suddenly came out, it gave all of them a blow.

"Just just now, Luxembourg Iron and Steel Group Vice Chairman Obod held a press conference and said that he had prepared a contract on the London Metal Exchange to deliver all ores from Brazil's Iron Quartet and Caracas mines. If nothing unexpected happens, then in three days, Luxembourg Iron and Steel Group will pull more than 10 million tons of iron ore from the exchange's warehouse, which will be the largest delivery on the London Metal Exchange in nearly half a century."

Listening to this sudden news, the entire exchange became quiet in an instant, and everyone was so shocked that they could not speak.

How could this happen? Why did this happen?

I don't know how many people muttered like this repeatedly, as if they still couldn't believe it even if the matter was right in front of them.

"Damn it! This is not true, absolutely! Why does Luxembourg Steel Group require so many transactions? Where did he have so many futures contracts? This is illogical. This must be a lie. It was a play played by those shit media in cooperation with Luxembourg, which was intentional deception!"

Suddenly someone shouted, and the atmosphere of the entire exchange exploded. In those private rooms, the confidence was just now, and gentle investors suddenly turned into manic patients. Whether it was the fat man wearing ten rings or the prince of the Middle East who had always been known as a rich man, they all shouted like evil spirits.

Someone is proof of the authenticity of the matter: "Check, hurry up and check it carefully. Where did this news come from? Is that Opold really going to deliver it? That's over ten million tons of iron ore. I really hope it's a prank on April Fool's Day!"

Someone grabbed the waiter in the box and roared: "I didn't want to buy orders just now. I just placed all the orders I bought. I actually guessed what those people in Luxembourg would do, and I was prepared for a long time. But you, an idiot, heard it wrong and did it wrong, so now I need you to correct this error immediately, otherwise you must bear all my losses!"

Someone else wanted to escape: "You bastard, didn't you say you can make money by entering the market and selling orders now? Why are you going to lose money now? No matter what financial situation changes, I trust you to invest, so I have to make money, and the losses now are your responsibility!"

Someone even shouted desperately: "Are you going to lose all my money now? I want to place a purchase order now. Please help me with it. I can't lose this money!"

In the huge trading hall, the shouts were even more intense. Countless orders that were sought after just now were now abandoned casually, with documents flying like snowflakes; all the agents were yelling in search of possible sellers.

"This is financial investment. One thought of life and one thought of death, one minute can lead to a smile of confidence and a heart full of sorrow and despair. We... are all plotted!"

York sat in his box in a daze and murmured, completely slumping on the chair; Lincoln next to him was also dejected, his face full of despair. They seemed to have lost their energy in an instant, and they turned from a middle-aged man with high spirits to an old man in the old man.

It is normal for them to perform like this. Perhaps there are some people outside who don’t know the significance behind this news, but as senior investors, they know it better.

It’s not complicated to say, it’s because of the particularity of futures.

As the name suggests, futures are standard contracts for goods delivered at maturity. Although they are financial products, they are ultimately a kind of transaction of goods, especially different from stocks and bonds. Many of them are conceptual and illusory things. Simply put, stocks do not require any physical goods, but futures require real goods in warehouses to allow transactions.

For example, there are now 20 million tons of iron ore futures trading on the exchange, so the premise is to store 20 million tons of iron ore in the exchange warehouse. Of course, you can also pre-order ore that has not been mined from the mine in Brazil, which is another type of contract.

However, whether it is the iron ore in the warehouse now or the ore that will be mined and transported to the exchange warehouse in the future, their common point is that they must have ore for trading.

It is precisely this reason. Now when someone openly demands the delivery of 10 million tons of iron ore from the exchange warehouse, it will inevitably have a huge impact on the price of iron ore futures; just as someone buys most of the garlic in a market with free prices, the price of the remaining garlic will inevitably soar, even if no one buys it later.

Of course, there must be more complicated mechanisms in the middle of futures, and it is definitely not clear in one sentence or two, but overall this is the mechanism of the entire market.

But there is another thing that is different from the vegetable market, because in other markets, if you think the price is high, you can give up buying it. Just like York and they have made more than 20 percentage points in short iron ore futures. Now the price is rising, if they really can't make long orders, they can completely wait and see, but futures are different.

Since futures are conducting margin trading system, that is, according to the system, if you buy an iron ore contract of 100,000 pounds, you actually only need to pay a margin of 10,000 pounds to trade.

This may sound amazing, but you should know that the greater the return, the greater the risk. The losses in the stock market are proportional and can be sold at any time to stop loss. However, futures are different. The loss ratio will directly lose all the margin. More importantly, according to the current system of the London Metal Exchange, before the on-site settlement, all margin is crushed on the exchange account.

To put it bluntly, once a crash occurs, it is impossible for you to withdraw funds and stop losses, and you can only choose to reverse operations; however, generally, when a crash occurs, it is often impossible to make reverse orders, so you can only watch your money disappear little by little with the market situation.

"Why did this happen? How did they make the delivery? Where did they find a contract of 10 million tons of iron ore futures? This is simply unreasonable!" Lincoln shouted, his tone as if he was complaining and was very dissatisfied.

Because in his eyes, futures delivery is just a saying, not every futures order will be delivered at the end. Many people choose to settle the income and put the goods in the warehouse to recalculate the next futures contract. After all, most people invest in futures only to make money, and even individual investors are not allowed to make physical delivery.

Listening to Lincoln's words, York also smiled bitterly: "Yes! How could they make the delivery? Whether it is you and me or other investors, we have forgotten this in our long-term investment, and we have even more forgotten that they are the Sao Na family in Luxembourg, a legendary family that has a huge wealth based on a small country."

York thought for a while and said, "Especially he has the world's number one steel group, so he holds many futures contracts for sufficient supply of iron ore and hedging. In addition, we were all short selling just now, and gave them plenty of time to choose to collect those specific contracts. Others cannot, but they have the ability..."

"Isn't it all you!"

Lincoln suddenly accused York loudly and said, "I said that this might be a problem. Is it a trap? I said that I would close the position and exit when I reached the critical point, but you refused. You said that Luxembourg would not have any other way. So what's going on now? You bastard, you'll return our investment, and I'll beat you to death!"

Lincoln said, and actually grabbed York's collar and waved his fist high.

"If you beat me to death and change all this, you can close the position and offset our losses, then you can do it!" York yelled.

His loud roar instantly woke Lincoln up. Lincoln then let go of his hand and sat on the chair and murmured: "It's useless to beat you to death. Can we just watch all our investments be closed? Are so many investors unable to face the trap of Oslan? Did he defeat all of us just by simply delivering things in physical form?"

York shook his head gently: "I don't think they are that simple. They will definitely use the price difference between futures and spot goods to conduct secondary operations."

"I beg you not to say anything more!" Lincoln said gritting his teeth, holding his head.

If he might have had some hope just now, then he is completely desperate now!

Is there really no way? No one can defeat the Luxembourg family and no one can save all this?

York and Lincoln thought in despair, but suddenly they raised their heads again, because they both thought of a name: Zhou Ming.
Chapter completed!