The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Uranium price goes ever downward

fearSpot uranium prices about $39.50/lb with ‘downward’ bias: sources Washington (Platts)-  Jim Ostroff -9 Jul2013  The spot price of uranium is around $39.50 a pound, unchanged from last Tuesday, but the ongoing weak demand for U3O8 indicates that prices are more likely to soften further than rise in coming weeks, according to price publisher Ux Consulting and market sources.
Ux, in its weekly report Monday, said the spot U3O8 price was $39.50/lb, unchanged from Friday, but that the market “could see further erosion as the month wears on.” It added, “The overall demand situation may not improve anytime soon,” noting it is unlikely “that Japanese reactors will see a surge in restarts in the near future.”

Ux on Monday reduced its daily Broker Average Price — based on information from Evolution Markets and Armajaro Securities — by 6 cents to $39.38/lb. The BAP bid-offer spread Monday was $39.00-$39.75/lb, with the bid down 13 cents and the offer unchanged from Friday…..”The bias still is to the downside a bit” in the uranium spot market, one market source said in an interview Tuesday. “There remains more supply than demand and nobody seems to be motivated on either side,” to conclude deals, he said.


July 11, 2013 - Posted by | 2 WORLD, business and costs, Uranium

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: