In both the Northern White and Permian market, prices continue to push downward to new lows each week across the board. While the domestic story for frac sand remains “more of the same” with respect to the supply glut, there is a lot of movement internationally…
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In the Northern White market, 100m fell by 1% this week while 40/70m fell. 30/50m prices remained flat, indicating continued limited demand. In the Permian, FOB Odessa 40/70m remained relatively flat this week, while local 100m and 40/70m continue to set precedent for quarterly lows.
In the Northern White market, 100m fell by 2% this week while 40/70m fell by 0.8%. 30/50 prices remained flat, indicating continued limited demand.
In the Permian, FOB Kermit
In the Northern White market, while pricing for 100m and 40/70m fell, 30/50 prices remained relatively flat, showing continued limited demand.
In the Permian, FOB Kermit 40/70m remained relatively flat this week, while local 100m and Odessa 40/70m fell as well.
In the Northern White market, while pricing for 100m and 30/50m remained relatively flat, exhibiting intra-week price volatility, 40/70m prices fell. While prices remain flat, 40/70 appears to have slightly higher W/W price volatility in comparison with its 100m and 30/50m counterparts.
Colorado winterized crude oil market has transacted between $850 and $1,600/kilogram, while tolling arrangements continue to be a prominent deal structure with regard to initial extraction. The spread between non-winterized crude and winterized crude continues to narrow as winterization capacity increases throughout the country.
The Colorado CBD isolate market traded in the range of $2,000 to $4,000/kilogram in October, while the full spectrum distillate market has seemingly traded in parallel with isolate as distillation becomes more cost-effective. The Colorado full-spectrum distillate market transacted between $2,100 and $4,000/kilogram, while THC remediated, broad-spectrum distillate continued to garner a significant premium of approximately $1,000/kilogram.
It is officially the start of the harvest period, and the new crop is starting to make its way to the market. The price of biomass through the course of September has traded in the range of $1.95 to $3.50 per percentage point of CBD content per pound (/point). The amount of transactions occurring in the market is slow as the early harvested product is entering the market, albeit a small percentage of the full crop, and many extractors are searching for tolling and revenue split deals rather than large spot purchases.
The spot biomass market throughout August has been transacting in the range of $2.73 to $4.50 per percentage point of CBD content (/point) as supply from the 2018 crop year is sporadic and early season crops are being harvested. The trend of biomass selling near the lower end of the range has continued from July, as those who are holding product from the 2018 have incentive to sell before large quantities of product enter the market from the 2019 crop year. Instances of this trend have increased in the last few days, depicting the eagerness to move product and exit positions.
The PanXchange Industrial Hemp trading platform is officially going live on August 1st!
PanXchange will be in attendance at the USA CBD Expo at the Miami Beach Convention Center (August 2nd – August 4th). Not only is the CEO of PanXchange, Julie Lerner, moderating a panel, but PanXchange will be at booth #616 throughout the event. If you are attending the conference or local to the area, we encourage everyone to stop by!