In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have increased by a whopping $4.00 per ton respectively. Supply shortages have been confirmed for Permian and Eagle Ford in-basin sand and we expect this dynamic to continue well into January.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have increased by $0.25 per ton respectively. We are hearing of a slightly tight supply market for Permian and Eagle Ford in-basin sand from our network of industrial contacts.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have increased by $0.50 per ton respectively, while WTI has re-emerged above $70 per barrel. We are hearing of a tight supply market for Permian and Eagle Ford in-basin sand from our network of industrial contacts.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have remained within $0.20 per ton respectively, while WTI has remained below $70 per barrel since last week as a result of mounting coronavirus variant and lockdown concerns.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have remained within $0.20 per ton respectively over the Thanksgiving weekend, while WTI has plummeted by nearly 10% since last week as a result of mounting coronavirus variant and lockdown concerns.
The majority of harvest is over, and biomass markets are still digesting inventories post-harvest. Buyers are still posting $0.75/lb to $1.20/lb ($0.10-$0.15/per point CBD), but trade below $1.00/lb ($0.125/per point CBD) has dried up quickly. In terms of volume, most of the material traded was well preserved old-crop material or excess 2021 harvests. Significant volumes of old crop inventories are still available, and many of these suppliers would be willing to sell at $1.00/lb. However, these supplies are becoming increasingly difficult to source, and freight is becoming more and more of a factor. It is extremely difficult to determine the true availability of old crop biomass stocks. Still, market reports and estimates suggest that 2019 & 2020 supplies could be anywhere from 15 to 40 million pounds of viable material.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have increased by $0.35 per ton respectively, while WTI has fallen below $80 per barrel for the first time since October 1.
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