Washington (Platts)--26Jun2012/1043 am EDT/1443 GMT
The spot price for uranium was unchanged over the last week at about $50.75/lb U3O8, prompting one analyst to describe the market as "stuck" with few buyers or sellers anxious to make a deal. TradeTech on Friday kept its weekly price at $50.75/lb, saying that spot uranium demand "continues to be dominated by highly price sensitive and discretionary demand, and while spot supplies are currently sufficient to meet demand [and] sellers are not actively seeking to push material to the market." TradeTech's daily price Monday was $50.75/lb. Ux Consulting on Monday also kept its weekly price at $50.75/lb, citing relatively light volume in the spot market this year -- about 16.3 million lb U3O8 equivalent dealt in the first six months. Unless there is a surge of activity in the second half of the year, the spot volume for 2012 is likely to be significantly below the average spot volume over the past three years of over 50 million lb, UxC said. Article continues below... Request a free trial of: Nucleonics Week Since 1960, Platts Nucleonics Week has been the leading source of global news for the commercial nuclear power business. Nucleonics Week delivers analysis with a depth and sophistication simply unavailable anywhere else.
The spot price for uranium was unchanged over the last week at about $50.75/lb U3O8, prompting one analyst to describe the market as "stuck" with few buyers or sellers anxious to make a deal. TradeTech on Friday kept its weekly price at $50.75/lb, saying that spot uranium demand "continues to be dominated by highly price sensitive and discretionary demand, and while spot supplies are currently sufficient to meet demand [and] sellers are not actively seeking to push material to the market." TradeTech's daily price Monday was $50.75/lb. Ux Consulting on Monday also kept its weekly price at $50.75/lb, citing relatively light volume in the spot market this year -- about 16.3 million lb U3O8 equivalent dealt in the first six months. Unless there is a surge of activity in the second half of the year, the spot volume for 2012 is likely to be significantly below the average spot volume over the past three years of over 50 million lb, UxC said.
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Since 1960, Platts Nucleonics Week has been the leading source of global news for the commercial nuclear power business. Nucleonics Week delivers analysis with a depth and sophistication simply unavailable anywhere else.
UxC's broker average price on Monday was $50.69/lb, unchanged from Friday. The BAP bid-offer spread Monday was $50.25/lb-$51.13/lb. The BAP is based on the price information from Evolution Markets and Armajaro Securities. The Platts NuclearFuel range for the week was $49.50/lb-$51/75/lb.--Mike Knapik, newsdesk@platts.com--Edited by Jeff Barber, jeff_barber@platts.com
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