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October 1, 2021 – Uranium Market Achieves Record Spot Market Transaction Volume
September 16, 2021 – Uranium Price Surpasses $50 for First Time Since 2012
December 31, 2015 – TradeTech Introduces Mid-Term SWU Price Indicator
Uranium Market Achieves Record Spot Market Transaction Volume
Spot and Term Uranium Prices Continue to Climb
Englewood, CO (PRWEB) October 1, 2021 -- The uranium market continues to observe high transaction volume, which reached a new record in September with 14.5 million pounds U3O8 (triuranium oxide) equivalent transacted in the spot market—the largest transaction volume recorded in a single month since 1996, according to industry consultant TradeTech.
This is the second consecutive month for record transaction volumes in the uranium spot market. A total of 13.2 million pounds U3O8 equivalent traded hands during the month of August, notes TradeTech, the longest-running uranium price reporter.
In August, the increase in the spot uranium price outpaced prices observed in the mid- and long-term market sectors. However, that trend was reversed in September. Beginning in the second half of the month, spot prices started to decline and buyers turned their attention to the mid- and long-term markets.
TradeTech’s monthly uranium spot price indicator, the Exchange Value, climbed to $42.20 per pound U3O8 on September 30, nearly 40 percent above the 2020 average. The company’s Mid-Term Uranium Price Indicator and Long-Term Uranium Price Indicator for September 30 also escalated, based on recent market activity, to $43.75 and $45.00 per pound U3O8, respectively. “This highlights the increased pressure that the growing levels of spot purchases, by parties that intend to sequester the material, is placing on the mid- and long-term uranium markets. An increase in buying interest from the utility and non-end user sectors has resulted in higher offers for all buyers in the mid- and long-term delivery periods,” said TradeTech President Treva Klingbiel.
About TradeTech
TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company’s "Nuclear Market Review" (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators, as well as analysis related to price determinations, supply/demand information, and industry news. TradeTech also publishes "The Nuclear Review," a monthly trade publication dedicated to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study."
TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries.
For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
info@tradetech.com
http://www.uranium.info
Uranium Price Surpasses $50 for First Time Since 2012
Englewood, CO, September 16, 2021 -- The spot market price for uranium rose to US$50.50 per pound uranium oxide (U3O8) today—the first time since July 2012 that the uranium market has seen a spot price surpass the $50 price level.
Industry consultant TradeTech’s Daily Uranium (U3O8) Spot Price Indicator has climbed just over $10, or 25 percent, in the past week, and $20 or 66 percent in the last month, as spot market activity has risen steeply amid buying activity from financial groups, traders, and nuclear power utilities, with financial entities accounting for the majority of the purchases reported in recent weeks.
“The launch of the Sprott Physical Uranium Trust in mid August has been a significant contributing factor in the spot price rise,” said TradeTech President Treva E. Klingbiel. “Not only has the Trust accounted for a notable portion of the material purchased in the spot market since mid August, but the launch of the fund has attracted a number of new parties to the uranium market, which when combined with steady purchases from uranium producers and existing funds, has added further momentum to the price increase,” she added.
Presently, uranium supplies have been sufficient to meet the increase in spot market demand, although sellers are remaining cautious and retaining quantities in anticipation of a further price rise and demand from utilities in the coming months, according to TradeTech. The Sprott Physical Uranium Trust, which expanded its At-the-Market program to $1.3 billion last week, is anticipated to remain an active participant in the uranium spot market.
About TradeTech
TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company’s "Nuclear Market Review" (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators, as well as analysis related to price determinations, supply/demand information, and industry news. TradeTech also publishes "The Nuclear Review," a monthly trade publication dedicated to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study."
TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries.
For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
info@tradetech.com
http://www.uranium.info
TradeTech Introduces Mid-Term SWU Price Indicator
Englewood, CO, December 31, 2015 -- TradeTech has introduced Mid-Term SWU Price Indicator1 the latest in the company’s Long-Term Price Indicator series first introduced on March 31, 1996, with the Long-Term U3O8 Price Indicator.
“The uranium enrichment (SWU) market has evolved and much like the uranium market, enrichment sellers have begun exploring financing avenues and extending lower prices for delivery of SWU and/or enriched uranium product (EUP) within the mid-term delivery window in an effort to sell excess inventories. This factor, combined with uncommitted capacity from established and new market entrants, has created a multi-tier enrichment market with a clear separation between spot, mid-, and long-term delivery SWU prices,” said TradeTech President Treva E. Klingbiel.
Furthermore, factors such as future production costs, delivery flexibility, political developments, government regulations, decommissioning and decontamination obligations, and the financial integrity of parties involved in transactions can complicate the price structure within the uranium enrichment market and affect price either directly or indirectly. Consequently, the price band for recent offers and contracts has been quite wide, and, as a result, the enrichment market has adapted, with both buyers and sellers accepting more highly differentiated pricing terms and conditions for mid-term or intermediate deliveries.
TradeTech’s Mid-Term SWU Price Indicator, which will be published on the last day of each month, applies in cases where deliveries begin immediately beyond the 12-month spot delivery window and occur within three years from that point, as either standalone agreements or as part of long-term contracts.
Editor’s Note: All of TradeTech’s Price Indicators are meant to relate to transactions in the mainstream of the world market, which are free from significant governmental restrictions or interference and, therefore, do not reflect conditions of non-arm’s length relationships, a participant’s desire to obtain or avoid specific origins, settlements of litigation, or other unusual situations or conditions.
1 The Mid-Term SWU Price Indicator is TradeTech's judgment of tof the base price at which transactions for mid-term or intermediate delivery of enrichment services could be concluded as of the last day of the month, for transactions in which the price at the time of delivery would be an escalation of the base price from a previous point in time.
About TradeTech
TradeTech, and its predecessor companies--NUEXCO Information Services, CONCORD Information Services, and CONCORD Trading Company--has supported the uranium and nuclear fuel cycle industry for more than 40 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, participates in the buying and selling of uranium products and services, and maintains an extensive information database on these industries.
The company publishes the Nuclear Market Review (NMR), which reports TradeTech’s Weekly U3O8 Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, published on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term U3O8 Price Indicators, as well as price analysis, supply/demand data, and industry news. TradeTech also publishes The Nuclear Review, a monthly trade publication dedicated to the international nuclear power industry, and a quarterly Uranium Market Study, which provides timely analysis of the global uranium production industry, including spot- and long-term uranium price forecasts.
For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: +1 (303) 573-3530
Fax: +1 (303) 573-3531
info@tradetech.com
http://www.uranium.info
