U3O8 Market Shifts Focus To 2014

  • Rate this Story
  • 0
  • 0

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.

Technical limitations

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" - Warning this story contains unashamedly positive feedback on the service provided.

FN Arena is building the future of financial news reporting at www.fnarena.com . Our daily news reports can be trialed at no cost and with no obligations. Simply sign up and get a feel for what we are trying to achieve.

Subscribers and trialists should read our terms and conditions, available on the website.

All material published by FN Arena is the copyright of the publisher, unless otherwise stated. Reproduction in whole or in part is not permitted without written permission of the publisher.

  • Rate this Story
  • 0
  • 0
Copyright FNArena All rights reserved.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.