U3O8 Market Shifts Focus To 2014

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December 17, 2013 12:13 PM EST

By Rudi Filapek-Vandyck

"Extremely quiet" is the operative label that stands out from industry consultant TradeTech's weekly update on the spot uranium market. The consultant only recorded four transactions for the week ending Friday, December 13th, with a total transactional value of 450,000 pounds U3O8.

Amidst a very quiet end-of-year spot market, TradeTech reports most buyers that are still active in this market are really looking for deliveries in 2014.

Among those buyers, TradeTech reports one non-US utility is currently evaluating offers for over 600,000 pounds U3O8 to be delivered in July 2014.

In terms of prices, TradeTech's Weekly U3O8 Spot Price Indicator remains at US$34.50 per pound U3O8, unchanged from last week, and down US$0.25 from the December 12 Daily U3O8 Spot Price Indicator.

The consultant's Mid-Term U3O8 Price Indicator has remained unchanged at US$39.00/oz. Ditto for the Long-Term U3O8 Price Indicator at US$50.00/oz.

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