Uranium market reaches record volume of spot market transactions
“An increase in interest in purchasing uranium from the utility and non-end user sectors has resulted in higher bids for all buyers in the mid to long term delivery periods,” Treva said. Klingbiel, President of TradeTech.
ENGLEWOOD, Colorado (PRWEB)
01 October 2021
The uranium market continues to see a high volume of transactions, which hit a new record in September with 14.5 million pounds of U3O8 (triuranium oxide) equivalent traded on the spot market, the largest single-month trading volume since 1996, according to industry consultant TradeTech. .
This is the second consecutive month for record trading volumes in the spot uranium market. A total of 13.2 million pounds of U3O8 equivalent were traded during the month of August, notes TradeTech, the longest-serving journalist on uranium prices.
In August, the rise in the spot price of uranium exceeded the prices observed in the medium and long term market sectors. However, this trend reversed in September. From the second half of the month, spot prices started to fall and buyers turned to medium and long term markets.
TradeTech’s monthly uranium spot price indicator, the exchange value, climbed to $ 42.20 per U3O8 pound on September 30, nearly 40% above the 2020 average. L The mid-term uranium price indicator and the company’s long-term uranium price indicator for September 30 also rose, based on recent market activity, to 43.75 $ and $ 45.00 per pound of U3O8, respectively. “This highlights the increased pressure that increasing levels of spot purchases, by parties who intend to sequester the material, are exerting on the uranium markets in the medium to long term. An increase in buying interest from the utility and non-end user sectors has resulted in higher bids for all buyers in the mid to long term delivery periods, ”said Treva Klingbiel, President of TradeTech .
TradeTech launched its daily spot uranium price indicator in March 2011, which is provided to subscribers around the world. The company’s Nuclear Market Review (NMR) is published every Friday evening and reports the weekly uranium spot price indicator, uranium trading activity, industry news and news. market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech market values (exchange value, UF6 value, loan rate, conversion value, SWU value and trade value) and price indicators of medium and long term uranium, as well as pricing analysis, supply and demand information, and industry news. TradeTech also publishes “The Nuclear Review”, a monthly trade publication devoted to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study”.
TradeTech – and its predecessor companies – has supported the uranium and nuclear fuel cycle industry for more than 50 years and is widely recognized for its expertise in business operations and its in-depth knowledge of the technical, economic and political factors affecting this industry. industry. TradeTech provides expert market advice, maintains relationships with international buyers and sellers of nuclear fuel, and maintains an extensive database of information on these industries.
For general and media inquiries, contact:
Denver Tech Center
7887 Avenue Belleview East
Englewood, CO 80111
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