It has been another action-packed week in the world of frac sand as we have seen substantial price changes in both the Permian and Northern White Sand markets. In the Permian, FOB Kermit 100m and 40/70m prices have risen by $1.25 per ton and $1.75 per ton respectively.
This time last year, the PX team took every opportunity to tease me whenever I used the expression “the tail wagging the dog.” I was referring to the pie-in-the-sky forecasts for the US addressable market for CBD. Specifically, it disturbed me that these multi-billion dollar forecasts were based on retail shelf prices. It’s as illogical as quoting the US wheat market in terms of bags of flour at the supermarket. Estimating in this way grossly distorts the market fundamentals, especially considering that with regard to cannabinoids, a little bit of hemp goes a very long way.
Pricing information is collected via the PanXchange trading platform and surveys of thoroughly vetted market participants- growers, processors, trade houses and end users. No brokers, industry analysts or association representatives are eligible to participate. The data is then analyzed using our proprietary methodology and follows the International Organization of Securities Commissions (IOSCO) guidelines. Please reach out to the PanXchange hemp team by email at hemp@panxchange.com or by phone at (877) 917-9658 for any questions or comments.
Pricing information is collected via the PanXchange trading platform and surveys of thoroughly vetted market participants- growers, processors, trade houses and end users. No brokers, industry analysts or association representatives are eligible to participate. The data is then analyzed using our proprietary methodology and follows the International Organization of Securities Commissions (IOSCO) guidelines. Please reach out to the PanXchange hemp team by email at hemp@panxchange.com or by phone at (877) 917-9658 for any questions or comments.
Methodology:
Pricing information is collected via the PanXchange trading platform and surveys of thoroughly vetted market participants- growers, processors, trade houses and end users. No brokers, industry analysts or association representatives are eligible to participate. The data is then analyzed using our proprietary methodology and follows the International Organization of Securities Commissions (IOSCO) guidelines. Please reach out to the PanXchange hemp team by email at hemp@panxchange.com or by phone at (877) 917-9658 for any questions or comments.
Permian frac sand prices continue to hold steady this week, with both FOB Kermit 100m and FOB Kermit 40/70m prices remaining within a $0.05 per ton bandwidth since last week. FOB Odessa Northern White 40/70m sand prices rose by $0.05 ton this week, compared to $0.10 per ton last week, suggesting its pickup in demand is losing steam.
@font-face { font-family: 'Open Sans'; font-style: normal; font-weight: 400; src: local('Open Sans'), local('Open Sans'), url(https://panxchange.com/wp-content/uploads/revslider/gfonts/open-sans/open-sans.woff2) format('woff2'); } News News var htmlDivCss = unescape("a.px-nav-link%20%7B%0A%20color%3A%20%23fff%20%21important%3B%20%0A%7D%0A%0Aa.active%20%7B%0A%09text-decoration%3A%20underline%3B%20%20%20%20%0A%7D%0A%0A.px-nav-link%3Ahover%20%7B%0A%20%20%09text-decoration%3A%20underline%3B%0A%7D"); var htmlDiv = document.getElementById('rs-plugin-settings-inline-css'); if(htmlDiv) { htmlDiv.innerHTML = htmlDiv.innerHTML + htmlDivCss; } else{ var htmlDiv = document.createElement('div'); htmlDiv.innerHTML = '' + htmlDivCss + ''; document.getElementsByTagName('head')[0].appendChild(htmlDiv.childNodes[0]); } Latest U.S. [...]
Pricing information is collected via the PanXchange trading platform and surveys of thoroughly vetted market participants- growers, processors, trade houses and end users. No brokers, industry analysts or association representatives are eligible to participate. The data is then analyzed using our proprietary methodology and follows the International Organization of Securities Commissions (IOSCO) guidelines. Please reach out to the PanXchange hemp team by email at hemp@panxchange.com or by phone at (877) 917-9658 for any questions or comments.
On each Friday following the distribution of PanXchange® Hemp: Benchmarks & Analysis, the Hemp team will be hosting an online webinar to discuss industry trends such as our regional pricing benchmarks, market commentary, supply and demand analysis, and other recent content. This webinar is intended to give our subscribers the opportunity to connect with the PanXchange team to ask questions and discuss topics in an open format. This is a service exclusive to only PanXchange platform participants and data subscribers – at no additional cost.
Maize Price Fall Sees Lower Price For Maize Flour
The price of maize in Kenya has seen a fall to KES 2,800 per 90 kg bag following on from the start of the harvest in the South Rift area as this has been the first time prices have been indicated below the KES 3,000 per 90 kg mark for most of the year.