\n\tBy Greg Peel<\/p>\n
\n\tUranium sector consultant TradeTech has lowered its weekly uranium spot price indicator from US$41.25\/lb to US$40.75\/lb this week.<\/p>\n
\n\tThe drop is a disappointment given sellers had been hoping clearance of the big US Department of Energy sale order, which had been overhanging the market but was satisfied last week, would open the market up to some healthier trading levels.<\/p>\n
\n\tThere was indeed an immediate price jump, TradeTech reports, but this gave way later in the week such that Wednesday's prices were US$1.00 above Friday's prices. TradeTech takes an average of transaction prices to determine its weekly indicator.<\/p>\n
\n\tLast week saw eight spot price transactions totalling one million pounds but none in the term market.<\/p>\n
\n\tTradeTech suggests the price decline was prompted by a combination of factors including some sellers' need to raise cash, the availability of inventory insensitive to price, and general nervousness surrounding the European debt crisis and weaker euro.<\/p>\n
\n\tWith Europe hanging as a cloud over everything at present, it seems the uranium market is also in the shadows.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hopes for a rebound in the spot uranium price this week fell foul of European jitters.<\/p>\n","protected":false},"author":8,"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\/56656"}],"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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56656"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56656\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}