Value 6 billion yuan of copper concentrate, Qinhuangdao Port suddenly disappeared!The official has already filed a case

300,000 tons of copper essence worth about 6 billion yuan, disappeared in the hands of traders, and traders involved have been filed for investigation.

On August 15th, Qinhuangdao Port Co., Ltd. (hereinafter referred to as Qingang (601326.SH)) issued an announcement to clarify the default of Qinhuangdao Port Copper Sein Mine and indirectly confirmed the incident.

The incident occurred around August 1st, and a total of 13 cargo owners were informed by the freight forwarding company. Their copper essence cargo was lost, involving a total of nearly 300,000 tons of goods, with a total value of 6 billion yuan.

These goods were originally placed at the port of Qinhuangdao. According to the Shanghai Nonferrous Network SMM, 12 of them are state -owned enterprises, including Jiang Tongguo, Wanxiang Resources, Zhejiang Products, and Zhuhai Huafa.

The 13 cargo owners have commissioned two freight forwarding companies including China Qinhuangdao Foreign Run Agency Co., Ltd. (hereinafter referred to as Qinhuangdao Outside Run Agent) and Qinhuangdao Outside Logistics Co., Ltd. (hereinafter referred to as Qinhuangdao Outside Logistics) to do customs clearance and cargo storage.

During the period, third party Liu Yu passed the two trading companies, Ningbo He Sheng International Trade Co., Ltd. (hereinafter referred to as Ningbo He Sheng) and another Hulu Dao Ruisheng Trading Co., Ltd. (hereinafter referred to as Ruisheng Commercial) The company issued the goods instructions. The freight forwarding company conducted a single release without obtaining the instructions of the cargo owner. Qin and Hong Kong Co., Ltd. (601326.SH) is responsible for actual homework of the port.

Tianyancha showed that Ningbo and Sheng's actual controller Liu Yu. Ruisheng Trading was established in 2011. The actual controller is Cui Lei. The company wholly holds Qinhuangdao and Rui Technology Co., Ltd., and the latter's legal person is Liu Yu.

According to the normal release process, these copper concentrates are adopted as a telegram method, and the bill of lading information will be sent to the shipping company in the destination port through the form of electronic messages or electronic information. The bill of lading and the electricity guarantee letter is replaced.

The original bill of lading is not required for pick -ups through electricity. You only need to prove that you are a consignee or an electricity person can pick up the goods. The disadvantage of this method is that the shipper cannot control the power.

According to the First Financial Network, after the goods were incident, 13 cargo owners had reported the case to the public security organs. The relevant parties also held a question meeting on August 2nd. Most cargo owners arrived at Qinhuangdao to learn about the flow of copper concentrates involved and considered relevant responsibility. Liu Yu believes that the behavior of launching the goods with Qinhuangdao has long existed for a long time, and the Logistics outside Qinhuangdao has not denied it at the scene.

Qingang shares stated in the announcement that the public security organs have conducted investigation on the incident.

Qin and Hong Kong shares said that he did not participate in the trade dispute and did not enter the lawsuit as the defendant. As a port enterprise, it provides port operation services, and it signed a contract with the freight forwarding company. According to the instructions of the freight forwarding company, it is not obliged to further verify the actual owner's identity and obtain the consent of the owner. The above two freight forwarding companies and the same controlling shareholder of Qingang Co., Ltd., Hebei Port Group,, the two cargo generation companies have nothing to do with them. Liu Yu also has nothing to do with it.

Hebei Port Group is the controlling shareholder of Qingang Co., Ltd., holding 54.27%, and holding 63.81%equity of Qinhuangdao's foreign wheel agent.

Soochow Futures pointed out that Qinhuangdao's foreign ship agents and Qinhuangdao logistics agents represented Jianeng's copper concentrate in the northern smelter, with a business scale of 1 million tons per year.

The reason why Liu Yu was able to withdraw the goods without billing is because of his deep foundation.

Data from Tianyan Check shows that in addition to the above -mentioned Ningbo He Sheng and Ruisheng Trading, Liu Yu also has actual control of nine companies, including 100%equity of Beijing Longshun Tongyun Technology Co., Ltd. 90%of the limited equity, Ningbo Junrun Hengzhi Investment Partnership 88%of the equity, and so on.

In addition, Liu Yu also serves as an executive in many companies, including Director of Huludao Oriental Copper Co., Ltd., general manager of Zhongye Hulin Island Nonferrous Import and Export Co., Ltd., and Executive Director of Shenzhen Ruizheng Chenyang Trading Co., Ltd.

The Founder Medium Daily stated that the emergence of the incident was mainly due to huge losses, fund chain breaks, and freight forwarding companies in the incident.

Zongxi Futures also pointed out that Ruisheng Trade fell into a serious financial dilemma in the first half of the year, with gaps exceeding 1 billion yuan. It sells the above copper concentrate to obtain funds, or to use the realization of the realized funds for market speculation.

According to the First Financial Report, the owner of the goods said that Liu Yu claimed to predict the rise in copper prices at the inquiry meeting, so he invested a large amount of funds in June for unilateral investment, but the copper price fell after buying. Essence The failure of its speculative behavior has led to a completely broken capital chain, and the copper concentrates sold cannot be bought back from the market, causing the incident to mine.

Since June this year, the global economic recession has been concerned about the commodity market, and the price of commodity markets such as non -ferrous metals has been significantly recovered. As of August 11, the LME copper reported at $ 8191.5/ton, a decrease of more than 20 % from the highest closing price during the year.

According to data from the General Administration of Customs, the total domestic copper concentrate imports were 23.4 million tons last year. From this calculation, the number of copper sedthrings involved in this time was about 1.28% of the total imports last year

Meng Wenwen, an analyst at Shanghai Steel Copper Division, told interface journalists that in the short term, the incident may affect refineries' pick -ups and bring some periodic goods procurement needs, especially domestic trade mines. Long -term view of the copper concentrate market has limited impact, because the total supply and demand pattern is unchanged.

"At present, the refinery plant raw materials are high, and the refinery can allocate its own raw material structure to reduce the impact of goods." Meng Wenwen said that for the process of re -distribution of goods on the road and long -term goods, the source of the original flow of Qinhuangdao Port will be Flowing into the spot market and re -distribution of the market. "At present, the goods and the drifting goods in Hong Kong are being sold, and the subsequent mining/international traders will be converted to other traders or direct refineries." She said.

Zhongtai Securities pointed out that the transaction between the mine and the refinery last week was at a low of $ 70/ton.

Hongyuan Futures stated that due to Qinhuangdao Port copper sedent mine default incident, the smelling factory and traders' transactions were low. Or make the supply and demand of Chinese copper concentrates gradually loosen in August.

SMM data shows that as of August 12, the imported copper concentrate weekly index was reported at $ 74.38/ton, an increase of $ 1/ton from last week.

After the above incident, according to the Financial Times, IXM, a metal trading company of Jianeng and Luoyang molybdenum, has stopped supplying to Ruisheng Trading.

On August 15, Luoyang's molybdenum industry stated on the interactive platform that the company and subsidiary IXM did not involve the Qinhuangdao copper concentrate mines of the Qinhuangdao, which had no impact on operations and performance.

The interface journalists have called Ningbo He Sheng, Ruisheng Trading and Qinhuangdao Public Security Bureau on the above incidents, and the Qinhuangdao Public Security Bureau was unable to connect the phone.

Source: Interface News

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