In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have increased by $0.10 per ton and $0.20 respectively, likely reflective of a slight pickup in demand as WTI prices pushes $70 per barrel mark. Northern White Odessa 40/70m sand prices have increased by $1.50 per ton of last week’s prices, suggesting sustained, strong pricing for Northern White mine-gate sand supply.
In the Northern White market, prices fell by approximately 1% this week across all mesh sizes (100m, 40/70m and 30/50m) to historical lows.
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In the Permian basin, FOB Kermit 100m prices remained flat, while 40/70m sand prices have increased by $0.50 per ton, likely reflective of a slight pickup in demand as WTI prices nudged above $65 per barrel. Northern White Odessa 40/70m sand prices have remained relatively flat, falling by $0.05 per ton since last week, suggesting continued limited demand relative to in-basin supply.
Bread Price To Jump KES 6 On Tax Plan
As the Kenyan government is ready to implement a 16% VAT on bread, bakers have signaled a rise in a loaf by KES 6 as this would increase the cost of production and leave companies no choice but to transfer this extra cost onto the consumer.
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In the Permian basin, FOB Kermit 100m and 40/70m sand prices have decreased since last week, with prices falling by $0.50 and $0.75 per ton each. Northern White Odessa 40/70m sand prices have remained relatively flat, falling by $0.05 per ton since last week, suggesting continued limited demand relative to in-basin supply.
Millers in Kenya have seen a shortage of maize in the market due to local farmers holding onto their stocks in the hope of a better price for their grain. A number of millers have been buying maize at between KES 2,800 and 3,000 per 90 kg bag compared to KES 2,000 previously as report in The Business Daily
The cost of importing goods into Kenya via the sea will see a 20% rise in freight costs as the shortage of shipping containers in China has disrupted global trade as the freight rates for a 40ft container have gone up to almost $6,000 compared to $4,000 in March according to The Business Daily.
In the Northern White mine gate market, FOB Wisconsin 100m, 40/70m, and 30/50m rose by $3.00 per ton each since last week, highlighting the preference for plants along certain key Class 1 Rail lines. This is especially true as standalone Northern white mine gate prices are trumped by the cost of logistics and transport.