\n\tBy Greg Peel<\/p>\n
\n\tIndustry consultant TradeTech's indicative uranium spot price was set at the end of last week at US$67.50\/lb, down US$1.00 from the previous week. This follows a US$4.25 drop the week before and the first drop following the big run-up, of US25c, the week before that.<\/p>\n
\n\tSo that makes three down weeks but TradeTech suggests there are signs the spot price is stabilising. Nervous sellers remain aggressive but five transactions occurred for a total of one million pounds. Prices were in a range around what TradeTech finally settled on as the average. So while there weren't any new buyers emerging there was still interest being maintained at these slightly lower levels.<\/p>\n
\n\tThe previous week's speculative seller with 800klbs is still out there evaluating bids, TradeTech notes, and another 300klbs is on offer from a utility. But there are also speculative buyers in the mix as well as utilities.<\/p>\n
\n\tMeanwhile over in the term market, several parcels continue to be sought including 2.2mlbs for 2012-19 delivery. Term prices remain unchanged at US$75\/lb medium and US$70\/lb long.<\/p>\n","protected":false},"excerpt":{"rendered":"
The uranium price ticked down again last week but a wide range of prices indicates a consolidation between buyers and sellers.<\/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\/57777"}],"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=57777"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57777\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}