Qingshan Holdings hopes to make a stable profit through hedging, and Qingshan judges that the nickel price will be lowered, so the scale of empty orders is too large.

There are nickel mines in Qingshan, and the production cost of high-purity nickel is about $65,438+00,000. Due to insufficient supply, the futures price of high-purity nickel is $20 thousand. Qingshan bought 200,000 empty orders in order to stabilize profits. If the price of nickel drops, the profit of nickel products will decrease. If the price of nickel rises, the profit of nickel products will increase, but there will be a loss of empty orders.

If you don't buy short orders, you will earn little money when the price of nickel falls, and you can earn more money when the price of nickel rises. As a big enterprise, you naturally have to avoid risks, pursue stable profits and do business with you.