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.
News For SLCA From The Last 14 Days
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U.S. Silica price target raised ot $80 from $59 at Morgan Stanley Morgan Stanley raised U.S. Silica's price target to $80 and said it continues to be a top Overweight small-cap pick. The firm expects a multi-year frac sand shortage and for demand to nearly double in 2016 vs. 2013. The analyst believes industry capacity growth is being held back by distribution issues and believes U.S. Silica has strong logistic capabilities and pricing power.