Media - In the Market
Update for the public provided three days after publication.
Market activity picked up mid week when a US and a non-US utility came to the market. Offers were due to the US utility, which is seeking just over 54,000 pounds U3O8. The non-US utility selected a preferred supplier(s) for delivery of over 250,000 pounds U3O8 equivalent. Near-term buying interest is generally weak as buyers continue to show a marked preference for deliveries beginning in 2016 and beyond. Early in the week, sellers were resistant to lowering offer prices. By mid week, buyers demonstrated they were willing to pay slightly higher prices causing TradeTech’s Daily U3O8 Uranium Spot Price Indicator to rise. However, as the week came to a close, sellers had backed off and were exhibiting a greater willingness to lower offer prices. As a result, TradeTech’s Weekly U3O8 Spot Price Indicator is $36.50 per pound U3O8, unchanged from last week’s Indicator and down $0.25 from TradeTech’s June 26 Daily U3O8 Spot Price. read more