\n\tBy Greg Peel<\/p>\n
\n\tWhen we talk of talk of “the uranium spot price”, we talk of the “U3O8<\/span><\/span> equivalent” price. However, not all traded and consumed “uranium” is in the form of U3O8<\/span>, with UF6<\/span> being another molecular form.<\/p>\n \n\tThe two forms are not completely interchangeable for users despite both being, in effect, “uranium”. Thus occasionally we will will see a price disconnect between forms. Moreover, there is also a price consideration related to point of delivery which can again imply price discrepancies.<\/p>\n \n\tIndustry consultant TradeTech<\/span> notes that last week saw UF6<\/span> offered at the US Energy Commission for prices below that of uranium material offered elsewhere. Not everyone wants UF6<\/span> nor wants to go to USEC<\/span> to get it, so a price disconnect appeared. This meant that the spot uranium market, based on U3O8<\/span> or equivalent, was quiet last week, the consultant notes. One assumes traders are preferring to let the overhang clear before pitching new prices.<\/p>\n \n\tOnly three transactions thus occurred last week for a total of 325,000lbs<\/span> of U3O8<\/span> equivalent, but TradeTech's<\/span> indicative spot price still managed to tick up US50c<\/span> to US$52.50\/lb.<\/p>\n \n\tWhile no transactions occurred last week in the term market, TradeTech<\/span> notes various requests for supply proposals beginning to emerge.<\/p>\n