Don't be fooled by the fact that the current cost is 4,000 yen, which is indeed a bit high compared to the past.
However, as long as the supply is monopolized, even if they want to drive the price of cotton yarn up to 10,000 yen per piece, I am afraid no one will be able to stop them at that time.
As the most prosperous city in the Far East, Shanghai's textile industry is considered the most developed in the entire China.
There are many large and small textile factories here, and the cloth and clothing produced here are sold well throughout China and can also be exported to other countries and regions.
There are so many textile factories in Shanghai crying out for food, and they all need cotton yarn as raw material to weave various kinds of cotton cloth.
Tokugawa Sosuke believed that as long as their Cotton Spinning Chamber of Commerce monopolized the entire cotton yarn supply in Shanghai.
If those textile mills want to continue operating, they can only hold their noses and buy their high-priced cotton yarn.
Of course, as cotton yarn prices continued to rise, other major Japanese merchants in the Cotton Textile Chamber of Commerce also had their own calculations.
Unlike Tokugawa Sosuke, some merchants in the Chamber of Commerce not only saw huge profits brought by the rise in cotton yarn prices, but also vaguely sensed the existence of a crisis.
In their view, if cotton yarn can maintain its current high price, they will certainly make a lot of money.
But what if the price of cotton yarn drops sharply?
Now, in order to maintain their monopoly on cotton yarn in Shanghai, they continue to buy up high-priced cotton yarn supplies on the market, and the cost of hoarding cotton yarn is also rising!
In the past, the price of a piece of cotton yarn on the market fluctuated between 2,000 yen and 3,500 yen.
And now, the cost price of the cotton yarn they hold has reached a high price of 4,000 yen!
With such a high cost price, the risks involved are naturally great.
Although the price of cotton yarn in Shanghai has risen to 6,500 yen per piece, it is still in a situation where there is a price but no market.
However, some cautious members of the Chamber of Commerce are still a little worried. They hope that the price of cotton yarn will rise a little more so that they can sell it all to Fujiwara Corporation and lock in the profits!
Now, once a large supply of cotton yarn appears on the market, "Fujiwara Co., Ltd." is like a cat that smells fishy smell, and will quote a price to buy it no matter what the price is.
Sometimes they even quote ridiculously high prices, looking like fools who don't know anything about the business.
What’s even more hateful is that “Fujiwara Corporation” is very wealthy.
I heard that Mr. Fujiwara no Nakamasa invested another 100,000 US dollars in "Fujiwara Corporation"!
Therefore, some Japanese businessmen from the Cotton Textile Chamber of Commerce advocated raising the price of cotton yarn to 8,000 yen and then selling it all to the Fujiwara Corporation.
The 100,000 US dollars that Lord Fujiwara no Nakamasa had just given out was directly put into their pockets.
As for Fujiwara no Asanobu, this boy who was even weaker than a dog, was actually not looked down upon by these big Japanese cotton merchants.
Many people believed that he was just relying on the support of Lord Fujiwara no Nakamasa, and that he was actually just a rich man who was taken advantage of and a spendthrift.
What does Shen Yutang do? She is a spy!
In order to find out the details of the Cotton Textile Chamber of Commerce established by these Japanese big businessmen, she directly sent out several Japanese spies from the Special High Section in the name of helping her brother Fujiwara no Asahi.
These Japanese spies disguised themselves as ordinary Japanese job applicants and successfully broke into several large Japanese trading companies in the Cotton Textile Chamber of Commerce, becoming Shen Yutang's commercial spies!
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