Fmsa Holdings Inc. (FMSA)

[eFinanceMarkets]

Frac sand suppliers smacked as Fairmount Santrol provides outlook
Fairmount Santrol (FMSA -5%) says in an investor presentation that it expects Q2 volumes of 3.2M-3.5M tons, with raw frac sand prices rising $7-$9/ton on average during the quarter and extending those gains during Q3.

FMSA says proppant solutions volumes should be driven by continued strong demand and additional capacity coming online at Brewer and Maiden Rock locations.

Frac sand suppliers are hit hard amid broader market losses today: SLCA -4.2%, HCLP -2.6%, SND -5.1%, EMES -6.7%.