U.S. Silica announces price increases on fine wohle grain silica products U.S. Silica said that its Industrial and Specialty Products business is increasing prices for the majority of its non-contracted fine whole grain silica sand products used primarily in glass melting furnaces and building products, an average of approximately twenty percent. The increases are effective with shipments after May 1st, or as contracts allow. The price increases are being made to support the continued investment the company is making in upgrading its capacity to meet the growing demand for its products and to reflect the tight supply/demand balance in the silica market.
U.S. Silica estimates raised on growth visibility at Morgan Stanley Morgan Stanley raised U.S. Silica estimates following the company update on its long-term growth plan. The analyst believes the project pipeline increases growth visibility and its logistical and operational scale will drive upside. Shares are Overweight rated with an $85 price target, up from $80.