Shen Yutang scolded Matsushita Naota for being a contemptuous guy, but he not only did not dare to refute her, but eventually he obediently signed the letter of intent for the business.

Chen Yutang, this Fujin Chaoming, is their current big sponsor. Even if Matsushita Naota is scolded, he can only endure it, for fear of offending the sponsor!

But when signing the letter of intent to purchase 5,000 pieces of cotton yarn with Matsushita Naota, Shen Yutang also played a trick.

She did not directly write 8,000 yen on the purchase price, but according to Matsushita Naota's previous statement, she directly signed it as the market price.

Naota Matsushita discovered this problem at the time, but he did not point it out. Instead, he was complacent and thought he had taken advantage.

In his opinion, if the price of cotton yarn in the market rises further in a few days, then the payment that Fujita Chaoming has to pay them will also rise at the same time.

As for the possibility of falling prices, Matsushita Naota has also thought about it. However, after just a few days, he does not think that the price of cotton yarn in Shanghai will really fall.

After all, nowadays, almost all cotton yarn on the Shanghai market is monopolized by their Cotton Textile Chamber of Commerce. In the short term, with their entire chamber of commerce pushing up the price of cotton yarn, it is a low probability event for the price to fall.

After Matsushita Naota and others signed the letter of intent with Shen Yutang, they left happily!

And Shen Yutang used this letter of intent to fool Matsushita Naota and others, forcing them to hold on to the cotton yarn for at least a few more days and not sell it at a low price.

This letter of intent stipulated that Shen Yutang's obligation was to purchase 5,000 pieces of cotton yarn from them at a one-time price at the market price.

The letter of intent was binding on Matsushita Naota and others, and they could not breach the contract and sell the 5,000 pieces of cotton yarn to other people!

Perhaps this letter of intent cannot ultimately stop Matsushita Naota and others from selling their shares, but it is enough to delay them for a few days.

The next day, two cargo ships loaded with American cotton yarn arrived at the Shanghai port on time.

Because nominally the cargoes of these two freighters were purchased by Fujita Co., Ltd.

The Japanese warships at sea did not inspect the two freighters and let them pass as quickly as possible.

Knowing that the two cargo ships arrived at the port on time, Shen Yutang seized the opportunity to unload more than a thousand pieces of cotton yarn from the first cargo ship to the port.

Mountains of cotton yarn were displayed in broad daylight at the port, shocking and envious the merchants coming and going at the port.

If one thousand pieces of cotton yarn were calculated based on the current market price of 8,000 yen, that would be 8 million yen, or 1.2 to 1.3 million US dollars!

The garbage piled up at the port is not just cotton yarn, it is a mountain of gold!

As merchants at the port witnessed the spectacular sight of large quantities of cotton yarn arriving, the news quickly spread to the cotton spinning industry in Shanghai.

Some textile factory owners tried to come to the port to buy some cotton yarn to take back.

Shen Yutang also accepted everyone who came and started selling cotton yarn that day.

In one day, he sold 500 pieces of cotton yarn at a price of 8,000 yen per piece, earning 4 million yen, which was almost a payback!

There were only 500 pieces of cotton yarn left, and Shen Yutang started selling them while lowering the price.

He also spread the news to the bosses who came to buy cotton yarn, saying that tens of thousands of cotton yarns would be continuously shipped to Shanghai in the next few days.

Upon hearing that so much cotton yarn would be delivered to Shanghai in the next few days, some textile factory owners who had originally wanted to purchase cotton yarn in large quantities decided to buy just enough to keep the factory open temporarily.

Everyone was waiting for large quantities of imported cotton yarn to arrive in Shanghai to drive down prices, and Japan's strong cotton yarn purchasing power was directly greatly reduced.

Rumors were flying all over Shanghai. In just one day, the price of cotton yarn on the market plummeted from 8,000 yen per piece to 6,000 yen!

Even at 6,000 yen, a large number of textile factory owners chose to wait and see, hoping that the price of cotton yarn would fall back to the normal price of previous years.