Tuesday, May 8, 2012

Uranium Spot Price On The Rise US$52.00P/Lb

Published on Tuesday May 08 2012 (AEST)

May 4, 2012 - Four transactions are reported this week in the spot uranium market. The strong increase in mid- and long-term demand witnessed over recent weeks has exerted upward pressure on prices. 

Traders and financial entities remain the most active buyers with utilities beginning to express interest in spot purchases. Sellers, seeking to take advantage of this momentum, have gradually raised offer prices with each successive expression of interest from the buyer side. 

As a result, the gap between willing buyers and willing sellers remains largely unchanged, but with each side at higher price points and transaction activity limited by a lack of price consensus. 

TradeTech’s Weekly U3O8 Spot Price Indicator is $52.00 per pound U3O8, an increase of $0.50 from last week’s value, and up $0.25 from the May 3 Daily U3O8 Spot Price Indicator. 

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1 comment:

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