Commodities | Apr 02 2009
By Rudi Filapek-Vandyck
Industry consultant TradeTech has further lowered its spot price indicator to US$42/lb. The decision follows a price cut by fellow-consultant Ux Consulting to US$42.25/lb earlier this week.
Both industry consultants left their long term price indicators unchanged at US$69/lb and US$70/lb respectively.
March was very quiet for the uranium sector with only four transactions being concluded on the spot market, of which three involved utilities. TradeTech repeats what has become common knowledge by now: buyers interest is discretionary and sellers seem willing to offer small discounts to attract interest, but they are unwilling to lower prices much further from current levels.
As a result, TradeTech’s spot price indicator has gradually fallen by US$2 over the month of March.
