In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.60 and $0.45 per ton respectively this week as additional supply continues to come online.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.10 per ton and $0.05 per ton each this week following relatively stable pricing last week. The rate of price decline has slowed over the past 3 weeks, indicating that Permian sand prices are beginning to stabilize as WTI continues to settle in the $60-$70 per barrel range.
The Ministry of Agriculture in Kenya projects a surplus of 12 million bags of maize by the end of August which is expected to lower the prices for millers and in turn the price for maize flour.
Food inflation in Kenya is at a 14 month high of 8.8% as higher prices in cooking oils, beef and bread have been a result of disruptions in production due to global lockdowns in many producing countries.
Due to the lack of quality maize in the Kenyan market, a 2 kg pack of flour is now retailing above KES 100 compared to the average of KES 90 in May this year.
Overall, biomass markets are trading at steady prices yet again month over month. Colorado prices have seen a short-term decline in the higher end of the range to $0.20 per point of CBD ($2.00/lb for clean milled 8% material), but the low is holding steady at $0.1875 per point CBD for clean material. We expect this price drop to be short-term as a shake-up in delta-8 processing capacity has resulted in excess isolate trading into the CO market, but overall processing capacity should return to normal soon.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.40 and $0.20 per ton respectively since last week. This is attributable to WTI spot prices holding below $70 per barrel for 3 consecutive weeks.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.50 per ton each this week following relatively stable pricing last week. This is attributable to a lagged response after WTI spot prices have held below $70 per barrel for 2 consecutive weeks.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.10 per ton each, however, price trends appear to be largely unaffected by the recent drop in WTI spot prices.
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