Jianeng, who has been bribery for ten years and manipulating the market, earns more than $ 3.2 billion in the first half of the year

19.06.2022

Number of this text: 961, reading time for about 2 minutes

Guide: At the end of May, under the joint investigation of the United States, the United Kingdom, and Brazil, Jianeng admitted that he had bribed and market manipulation in many countries around the world for many years, and agreed to pay a fine of 1.5 billion US dollars.

Author | First Finance Qiqi

On June 17, local time, Jianeng disclosed on his official website that the company's profits of the trading department in the first half of 2022 will exceed 3.2 billion US dollars, exceeding expectations.

Jianeng is the world's largest commodity dealer. It is the world's major zinc producers and cobalt suppliers. The company's copper ore and nickel mineral energy are at the forefront of the world.

This year, the global commodity market is extreme, and the DataYES! Show that a variety of major commodities have fluctuated sharply since the beginning of the year, and the main contract of WTI crude futures has risen by nearly 45%to the present; LME nickel futures prices have risen for four consecutive years, and cumulative cumulative in the first quarter of this year this year The rise of about 55%; the price of LME copper -period goods also reached a record high in March this year.

Promoted by the commodity market, Jianeng achieved a profit of $ 3.7 billion in 2021, setting a historical record. The company originally expected to achieve a profit of 2.2 billion to 3.2 billion this year. In the first half of the year, the company's performance may reach a record high. Jianeng said that the supply of goods and spot markets continues to be tight, especially the global energy market, and the disorders of the supply chain has brought continuous support to the company's financial performance.

It is worth mentioning that at the end of May this year, under the joint investigation of the United States, the United Kingdom, and Brazil, Jianeng admitted that he had bribed and market manipulation in many countries around the world for many years, and agreed to pay a fine of $ 1.5 billion.

It is reported that Jianeng has allocated $ 1.5 billion in the financial statements in 2021. At present, Jianeng is also facing investigations from Switzerland and the Netherlands. The investigation time and results are still uncertain.

Although there are market participants believe that the 1.5 billion US dollar ticket is relatively good in Jianeng's profits, and it will not have much impact on its long -term performance, but as a global commodity giant company, manipulating market price behavior will disrupt the fair market fairness Sex, greatly weaken the confidence of participants.

In the above -mentioned survey, Jianeng admitted for at least ten years of bribery, and the bribed government officials came from 7 countries. The behavior involved includes the daily trading window of the Daily trading window of the SP Global Platts used to set the interest rate in the data provision of the trademark of the data provision of the trademark of the data information provider of the data information provider, and the raising Or reduce Pu's price assessment; from 2007 to 2018, Jianeng traders tried to manipulate US petroleum benchmark prices, which affected the profit of futures and swap transactions based on these prices. In addition, according to the Jianeng guilty agreement provided by the US court, During the manipulation of the fuel benchmark price, Jianeng was illegally profitable by about $ 180 million.

In addition, when the Nickel incident occurred in early March, there were rumors that Jianeng could not force Qingshan Group, causing nickel prices to soar abnormally. But Jianeng deny.

Some industry sources have proposed that the above -mentioned regulatory punishment is a warning to the commodity industry, and the future industry supervision will be further strengthened.

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