\n\tBy Greg Peel<\/p>\n
\n\tThe week before last saw industry consultant TradeTech's<\/span> spot price indicator for uranium fall to US$48.85\/lb in a thin market, with sellers pushing to find buying interest in the new world of post-Fukushima industry uncertainty. However at the end of that week a buyer did emerge looking for offers.<\/p>\n \n\tThe 250,000lbs<\/span> of U3O8<\/span> equivalent sought was quickly followed by another 150,000lbs<\/span>, and by the close of August last week the spot uranium price had recovered to US$49.25\/lb. That's US$2.75 down from TradeTech's<\/span> July close.<\/p>\n \n\tThe buying interest nevertheless had the sellers backing off this time, forcing prices higher by week's end as 880,000lbs<\/span> changed hands in five transactions. Hence as at Friday TradeTech's<\/span> indicator had reached US$50.50\/lb, up US$1.65 week on week.<\/p>\n \n\tCan we conclude, once again, that there is a floor in the spot uranium price at US$50? Well, it's still hard to tell given the thin market and ongoing uncertainty. August saw a total of 3.5m<\/span> pounds change hands in 23 transactions compared to 3.4mlbs<\/span> in 28 transactions in July, TradeTech<\/span> notes. Market participants include utilities, producers, traders and hedge funds on the buy-side and producers, traders and hedge funds on the sell-side.<\/p>\n \n\tNo transactions occurred in the term market in August albeit some fresh interest did emerge last week. TradeTech's<\/span> term price indicators remain at US$56\/lb (mid) and US$65\/lb (long).<\/p>\n","protected":false},"excerpt":{"rendered":" The sub-US$50 level for spot uranium has finally sparked some buying interest in a thin market.<\/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\/58793"}],"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=58793"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58793\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}