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More on Carbo Ceramics' (CRR -13.9%) Q1 miss: The current industry environment is "challenging"...

More on Carbo Ceramics' (CRR -13.9%) Q1 miss: The current industry environment is "challenging" and low-cost Chinese ceramic imports continue to exert "pricing pressures." Low prices contributed to both a 10% Y/Y decline in revenues and a 46% Y/Y decline in profits, with higher distribution costs contributing to the latter as well. The outlook for Q2 remains tenuous due to "historic low" prices for Chinese ceramic proppant and seasonal factors. (PR)
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Comments (5)
  • Randal James
    , contributor
    Comments (2807) | Send Message
     
    Who would believe it was economical to ship treated sand from China to the mid-USA and pressure domestic pricing? [Not me!]
    25 Apr 2013, 12:32 PM Reply Like
  • redduke
    , contributor
    Comments (216) | Send Message
     
    Who knows the names of Chinese suppliers?
    25 Apr 2013, 02:39 PM Reply Like
  • Randal James
    , contributor
    Comments (2807) | Send Message
     
    Story about Chinese ceramic on the dock in the Bakken

     

    http://bit.ly/ZL10Zm

     

    According to this website, the 'only' Chinese proppant with N. American distribution

     

    http://chinaproppant.com
    25 Apr 2013, 02:52 PM Reply Like
  • redduke
    , contributor
    Comments (216) | Send Message
     
    Thanks
    25 Apr 2013, 03:11 PM Reply Like
  • redduke
    , contributor
    Comments (216) | Send Message
     
    I find that CRR has a subsidiary in China, mining sands.

     

    A Chinese source seems to suggest that there are 40-50 companies in treated sand business in China, taking about 13-15% N Am market.
    25 Apr 2013, 03:28 PM Reply Like
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