PanXchange® Hemp: Benchmarks & Analysis – Mar 2022

Cannabinoid biomass markets continue to confirm the rumblings of scarcity as the spread between old and new crop prices widens. Old crop biomass is trading around $0.10 to $0.125 per point CBD, and inventories are still quite large. However, CBD content available at this price point is diminished to 3% to 5% CBD which explains the $0.40 to $1.00 per pound price range for lower quality old crop. Higher quality old crop (>8% CBD) prices typically range from $1.20 to $2.00 per pound, with reported per point CBD prices ranging from $0.175 to $0.25.

PanXchange® Sand: Benchmarks & Analysis 03.28.2022

In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have experienced a minor correction this week, and have fallen by $1.00 per ton each. Supply shortages are highly prevalent for Permian and Eagle Ford in-basin sand, and we continue to hear of instances of spot transactions over $60 per ton to avoid idling crews or reducing the number of frac stages on a well. However, average prices have experienced a minor correction due to concerns about dwindling DUC inventory, as well as overarching economic concerns pointing to stagflation and economic recession. 

PanXchange® Sand: Benchmarks & Analysis 03.07.2022

In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have spiked this week by over $5 per ton in response to a global spike in oil prices. In-basin sand prices are now pushing towards average prices of $50 per ton (up approximately 90% and 100% respectively compared to Q4 averages). Supply shortages are highly prevalent for Permian and Eagle Ford in-basin sand, and we continue to hear of instances of spot transactions over $60 per ton to avoid idling crews or reducing the number of frac stages on a well.