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Chapter 762: Gaming Ilmenite

After listening to Wan Quanzhong's words, Tang Xiaochuan thought for a while and asked, "You only said that the price increase of ilmenite was caused by the restrictions on exports by Australia, Canada, South Africa, Tianzhu and other countries. Is it because of their Restricting the export volume will cause the price of ilmenite to rise? But these countries are not the only ones that have ilmenite, at least my country and other countries have not restricted the export volume, right?"

Wan Quanzhong said: "Boss, how can there be any export of ilmenite in our country, but what is mined is consumed domestically, and there is still a lot of shortage, so we need to import it from abroad. At present, my country is the largest ilmenite mine. An importing country, and the company that consumes the most ilmenite in China is our aerospace material manufacturing company!"

Although Tang Xiaochuan is the boss of Feitian Technology Group, he really doesn't know that a subsidiary of his company dares to be the world's largest ilmenite-consuming company.

"What did you say? The aerospace material manufacturing company's demand for ilmenite is the number one in the world?"

Wan Quanzhong nodded: "Yes, boss. At present, our company's aerospace material imports account for more than half of the global ilmenite export volume, and the exported aerospace materials account for 63% of the global aerospace material consumption!"

Tang Xiaochuan was shocked by this figure, but he didn't show it on the surface. He asked: "Since the price of raw materials in the international market has increased by 15%, has the ex-factory price and export price of our aviation materials also increased?"

"Of course it has increased. Our supply prices to our brother companies have increased by 20%! Now that the international ilmenite price has risen, the domestic ilmenite price has also risen accordingly.

Tang Xiaochuan thought for a while and said: "I know this situation, how about it, I will solve the problem of ilmenite raw materials, your company does not need to worry about the shortage of raw ore in the future, I will supply your company in full, but you just Don't limit the shipments of various aviation materials, you can supply as much as other companies want to purchase, as long as they can afford it!"

"In addition, the shipping price of aviation materials cannot be lowered just because I have solved the problem of raw ore for you. The shipping price of the company's aviation materials still has to follow the rise in international raw material prices!"

Wan Quanzhong agreed: "I understand this!"

Tang Xiaochuan smoked a cigar, pondered in his mind, and thought of something

"We can't be led by them. One of the most important issues is the issue of market initiative. Those foreign mining companies have decided that we have to purchase their ilmenite to meet production needs, so they dare to do it, but if we stop buying their ilmenite, they will be in a hurry!"

Wan Quanzhong nodded: "That's right, that's how they determined us!"

Tang Xiaochuan thought about it and said, "I feel that someone behind this group of people should be manipulating them. Their purpose should not only be to make a fuss about the international price of ore, but also have other ulterior motives!"

Wan Quanzhong said: "I have been thinking about this issue for the past two days. Why are mining companies from different countries so united? There must be a leading company. This leading company unites these mining companies and convinces them Let’s unite to raise the export price of ore through banning sales, so that these mining companies will all make money, and this company that manipulates them behind the scenes may be able to achieve its own ulterior motives!”

"Your guess is very reasonable!" Tang Xiaochuan said.

Wan Quanzhong asked at this time: "Boss, do we really not need to consider the issue of ilmenite ore?"

"No, I guarantee you have enough ilmenite ore for smelting!"

"I'm relieved!" Wan Quanzhong breathed a sigh of relief, and he said, "Boss, if this is the case, I have a way to lure out this company that is hiding behind the scenes!"

Tang Xiaochuan took a puff of his cigar, raised his hand and said, "Tell me!"

Wan Quanzhong immediately expressed his thoughts.

This afternoon, Feitian Technology Aeronautical Materials Manufacturing Company issued an announcement saying that due to the export restrictions of certain countries, the raw material of ilmenite needed by the company was in short supply, so the company had to limit the production of various aviation materials. Shipments, while increasing the price again, please understand and support customers.

After this announcement was announced, it immediately caused an uproar in the industry. The price increase of ilmenite is no longer news. It started to rise last week, and it has risen by nearly 20% this week. It is not clear that mining companies from several countries have joined forces to target Feitian Technology Aeronautical Materials Manufacturing Company.

Now that Feitian Technology Aeronautical Materials Manufacturing Company has issued such an announcement, people in the industry have realized that there is a big problem here, and realized that it is unusual.

Although it is unlikely that Feitian Technology Aviation Materials Company will go bankrupt due to the ban on the sale of ilmenite ore abroad, the shortage of raw materials is enough for the company to drink a pot. After all, the shortage of raw materials will have a serious impact on production capacity. , thereby affecting the profitability of the entire company.

People in the industry have conducted extensive discussions and speculations on the announcement issued by Feitian Technology Aeronautical Materials Manufacturing Company in professional forums.

Some people speculate that these countries restrict the export of ilmenite because of the international situation, and some people speculate that this may be specifically aimed at the motive of Feitian Technology Aeronautical Materials Manufacturing Company. It is no secret that China has a huge demand and holds 63% of the global market in the export of high-end aerospace materials.

The international price of ilmenite is rising rapidly. Because of the announcement issued by Feitian Technology Aviation Materials Manufacturing Company, the futures prices of ilmenite on various stock exchanges around the world rose and closed three times in one afternoon.

By the opening of the next morning, the futures price of ilmenite rose by 50% in the form of a vertical line directly on the basis of the closing price yesterday afternoon.

Countries limit exports, not all exports are banned, there are still some exports, but the volume is not as large as before, which gives mining companies in various countries the opportunity to actively raise prices.

Just three days later, the international ilmenite futures price tripled, which almost made everyone in the industry drop their jaws in surprise.

Looking at the trend charts of ilmenite futures prices on various stock exchanges around the world on the computer, Wan Quanzhong, the heavyweight of Feitian Technology Aviation Materials Manufacturing Company, touched his chin, thought for a while, picked up the phone on the table and dialed a number.

After the call was connected, he immediately said: "I am Wan Quanzhong, I have something to report to the boss!"

"Hold on!"

Tang Xiaochuan's voice quickly came from the phone: "I'm Tang Xiaochuan!"

Wan Quanzhong immediately said: "Boss, the international futures price of ilmenite has tripled in three days!"

"Oh? Is it rising so fast? Okay, I understand. If you are like this, your company will issue an announcement early tomorrow morning that it will temporarily stop importing ilmenite from abroad!"

"OK!"

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