This past week 40/70m saw movement in both northern white and Permian markets. Northern white 40/70m pricing was mixed and continues to be the one northern white product moving on a consistent basis. The FOB Odessa 40/70m price was down to its lowest price in the last 3 months, while FOB mine pricing was up week over week. This price movement indicates an uptick in demand for 40/70m in other basins, while a flat or weaker demand for the product in the Permian. This spread will be something to keep an eye on as northern white producers seek arbitrage opportunities on the spot market.
It was much of the same last week in the market, all pricing dipped lower but none making a major move. The northern white market remains slightly oversupplied but many producers are optimistic for May where they expect demand to pick up, bringing higher prices with it.
The northern white market has begun Q2 with sideways movement following a strong end to Q1. 40/70m has been especially difficult to source for both spot and contract customers over the past several weeks;
