Frac Sand Newsletter 02-11-19
Pricing for the Kermit market took a large jump lower. The move is mostly attributed to the two recently commissioned west Texas mines ramping up, which continues to add to the supply overhang while simultaneously removing demand from the spot market due to the customer base of the new plants. After the market seemingly tightened over the last two weeks, fire selling is now back and rather widespread among Permian mines. Contrary to the softer regional west Texas market, the northern white markets firmed slightly as demand continues to pick up in the northeast and south Texas….