By Rudi Filapek-Vandyck<\/p>\n
What exactly is the current spot price for U3O8 (uranium concentrate otherwise known as yellowcake)?<\/p>\n
The question has again attracted industry wide attention given that last week Ux Consulting cut its weekly price indicator to US$120\/lb days after TradeTech had decided to keep its own weekly spot price unchanged at US$129\/lb.<\/p>\n
This week the confusion remains as TradeTech has decided to lower its own price indicator by US$6 to US$123\/lb, leaving a US$3 gap with colleague\/competitor UxC.<\/p>\n
TradeTech reports its new weekly spot price has been based upon “negotiations underway as of publication on Friday” as well as “TradeTech’s judgment that a transaction between a willing buyer and willing seller for a significant quantity would be concluded at [US]$123.00 per pound U3O8”.<\/p>\n
TradeTech believes buyers were willing to pay prices lower than last week’s reported US$129\/lb but higher than US$123\/lb early last week. The consultant believes these buyers’ attitude changed as mid-week Ux Consulting published its US$120\/lb weekly spot price.<\/p>\n
The fact that the new spot price has been set at a US$3 premium to UxC’s assessment seems to indicate prices don’t have much further to fall from current levels.<\/p>\n","protected":false},"excerpt":{"rendered":"
No consensus exists between the two industry consultants that each set their weekly spot price indicator with TradeTech refusing to copy last week’s heavy price cut by Ux Consulting.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[25],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/53233"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=53233"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/53233\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=53233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=53233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=53233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}