It was much of the same last week in the market, all pricing dipped lower but none making a major move. The northern white market remains slightly oversupplied but many producers are optimistic for May where they expect demand to pick up, bringing higher prices with it.
Capital Markets CIO Outlook has named PanXchange one of the Top 10 Trading Solution Providers of 2018. Take a look at the profile, where CEO Julie Lerner discusses her approach to solving inefficiencies in the frac sand market and how PanXchange has changed the way commodity traders locate and execute trades.
We are pleased to announce that PanXchange placed first at the Barchart Fintech Exchange competition in Chicago last week. Sixteen companies from across the globe competed in front of a panel of judges including executive directors from both the CME and CBOE.
Julie Lerner experienced what she described as a moment reminiscent of an American television drama series while attending a recently held frack sand industry event in Houston. Operations at one sand mine had temporarily gone down in the Permian Basin.
The enormity of the trucking industry can be realized by looking at the myriad of industries that depend on freight hauling for their sustenance and growth. Quite recently, the fracking industry has joined that list, with frac sand becoming a major commodity that needs to be transported across sites for the hydraulic fracking process.
Windblown dunes in west Texas are the latest front in the shale oil industry’s campaign to extract more barrels at less cost.The industry is excavating dunes for frac sand, which is pumped into wells to crack open rocks and get oil and gas flowing.
PanXchange has first-mover advantage in sand as the industry grows by an estimated 30 million tons from 2017 to 2018. It is the only platform available to producers, E&P companies and service companies that aggregates spot and forward physical buying and selling interests.
It’s here! The first US open market exchange for frac sand will go live on October 4th, 2017.
Since its first pilot launch in world market sugar, the PanXchange team has researched many different commodity markets, seeking to apply its aggregated market solution to those with the most inefficiencies, fragmentation and opacity.
On July 21st, CEO and founder of PanXchange, Julie Lerner, spoke at MarketsWiki Education’s World of Opportunity event in Chicago, Illinois.