Looking at South Africa's production figures from June and China's imports from the country from July, I'm thinking Tshipi made a handsome profit in these two months. Keep in mind that prices are set a month or two in advance and don't necessarily reflect spot rates - the offers from Tshipi were $6/mtu in June and $4.95/mtu in July.
http://www.statssa.gov.za/publications/P2041/P2041June2020.pdf
https://do not advertise external sites/Article/3947968/Chinas-manganese-ore-imports-up-35-in-July-vs-prior-month.html
https://news.metal.com/newscontent/101185408/overseas-mn-ore-offers:-tshipi-july-offers-for-south-african-36-mn-ore/
"Tshipi’s South African semi-carbonate manganese ore with 36% Mn, for July delivery to China, was offered at $4.95/mtu, down $1.05/mtu month on month."
Excellent returns, page-44
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Last
16.0¢ |
Change
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Mkt cap ! $313.6M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $267.7K | 1.648M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 549270 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 257195 | 6 |
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