Commodities | May 08 2007
By Greg Peel
Trading in U3O8 futures opened in New York last night on the Nymex exchange. However, the contract moves to night trading thereafter, and thus aside from a short settlement break it continues to trade around the clock.
The close of the New York session showed a day of very thin volume, with only six contracts being exchanged in the near month contract ending June. Each contract represented one individual trade.
The first trade was at US$132.05/lb and the last at US$140/lb. (Last being of that session). As the bid/offer spread remained wide on the close, the first settlement price was fixed at US$135/lb.
One contract traded for the far month of January 2008, at US$150.50/lb.
FNArena will now add the New York session closing price to the cockpit each morning, replacing the former weekly auction price assessment.