Commodities | Jul 29 2008
By Rudi Filapek-Vandyck
Industry consultant TradeTech’s decision to lift its weekly spot price indicator for uranium oxide (U3O8) to US$64.50/lb last week was followed by a similar price setting at peer Ux Consulting. This week TradeTech has kept its price benchmark unchanged, noting there had only been one successful deal concluded during the week past.
Reports TradeTech: “Neither buyers nor sellers appear anxious to move their bid or offer prices.” After five straight weeks of price increases, for a total gain of 13% (on TradeTech figures), spot uranium is taking a rest.
According to the consultant, several utilities are considering entering the market in the coming months for discretionary purchases.
TradeTech’s long term price indicator has remained unchanged at US$85/lb.
