US proppant producer CARBO Ceramics Inc. has seen a serious influx of Chinese material that has increased pressure on pricing, according to its quarterly report.
The company has also taken the decision to stop construction of the resin-coated frac sand section of its Marshfield plant until market conditions improve.
“What we’re looking at is the market, and the market is oversupplied with resin-coating of all forms and fashions, it’s oversupplied on sand and there’s an oversupply...