When Naota Matsushita heard Fujiwara Asanobu say that he was only willing to pay one million US dollars to buy the 1,000 pieces of cotton yarn they had in stock, he thought he had misheard! ?
You know, one million US dollars is equivalent to just over one million Japanese yen.
With this calculation, Fujiwara no Asahi was only willing to pay a little over a thousand yen per piece of cotton yarn to purchase the 1,000 pieces of cotton yarn they had agreed to purchase.
This price is a full 7,000 yen drop compared to the 8,000 yen price they signed the letter of intent for!
The original price of these 1,000 pieces of cotton yarn is also 20 million yen.
Fujiwara no Asanobu wanted to buy these 1,000 pieces of cotton yarn for only 1 million yen. This is simply an act of cannibalism!
Feeling a little angry, Naota Matsushita's tone became less respectful than before, and instead sounded a little exasperated.
"What!? Fujiwara no Asanobu, what do you mean? You want to buy a thousand pieces of cotton yarn from us for one million dollars? Are you kidding me?"
"We originally agreed to sell you these 1,000 pieces of cotton yarn for 8,000 yen! Even if the price of cotton yarn has dropped now, there's no way you'd only give me around 1,000 yen!"
"We have signed a letter of intent. Fujiwara no Asahi, you can't go back on your word. Are you being so rude and deliberately trying to take advantage of someone's misfortune?"
The emotions were a little excited, and at the end of what he said, Matsushita Naota couldn't help but question Shen Yutang's tone.
Facing the extremely unfriendly attitude of Matsushita Naota, Shen Yutang only showed a faint and mocking smile.
She retorted to Matsushita Naota with great disdain:
"President Matsushita, I'm not trying to take advantage of someone's misfortune, nor am I going back on my word. It's written in black and white. Can you please show us the letter of intent we signed?"
"We originally signed the contract to buy those thousand pieces of cotton yarn at the market price. Now the market price is over a thousand. In a couple of days, it might drop to a few hundred yen a piece!"
"If you think a price of one thousand yen a piece is unacceptable to you right now, then you can just not sell it to me!? I have the money in my hands, and I haven't paid you a deposit. I just want to buy cotton yarn sold by Americans at the port. What can you do to me!? Humph!"
Shen Yutang's few words made Matsushita Naota speechless. He silently took out the letter of intent for the agreement, which simply said "Purchase 1,000 pieces of cotton yarn at market price"!
It was written in black and white, and he really had no way to defend himself. He could only swallow his anger.
Especially when he heard that President Fujiwara was going to buy cotton yarn from Americans at the port, he was really panicked.
Their cotton yarn merchants have hoarded too much cotton yarn. The thousands of pieces of cotton yarn are only the goods hoarded by these trading companies, and do not include the goods hoarded by other trading companies such as Tokugawa Sosuke.
The total amount of cotton yarn exceeded 10,000 pieces. Now it is not only no longer a hot commodity, but has become a hot potato.
If you continue to hold on to it, the price might really drop to a few hundred yuan a piece!
Moreover, because the amount of cotton yarn stockpiled was so huge, there were not many merchants in Shanghai who could take in so much at once.
If they are unable to sell all the cotton yarn at once, releasing this huge amount of cotton yarn into the market sporadically will only cause further oversupply of cotton yarn in Shanghai.
At that time, they would be equivalent to smashing the price of the cotton yarn in their hands, and the price of cotton yarn might even plummet again from more than 1,000 yuan per piece.
If this worst-case scenario were to occur, the cotton yarn would not be sold for a thousand days, and I'm afraid we wouldn't be able to keep it for a hundred days.
Seeing President Fujiwara no Asano throw out these dissatisfied words, he stood up and was about to leave the meeting room.
Forced into a desperate situation, Matsushita Naota quickly stood in front of her.
Now, apart from President Fujiwara no Asanobu, their Cotton Yarn Chamber of Commerce really can't find a suitable buyer in Shanghai who can buy all the cotton yarn of their Cotton Yarn Chamber of Commerce at one time.
Those cotton mills are now in a wait-and-see state. If they take the initiative to approach them, who knows how much they will be forced to lower their prices!
Feeling like he wanted to cry but had no tears, Matsushita Naota stood in front of Shen Yutang and knelt down suddenly.
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