##{"id":59303,"date":"2011-12-13T11:44:20","date_gmt":"2011-12-13T00:44:20","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/12\/13\/spot-u3o8-jumps-us75c\/"},"modified":"2011-12-13T11:44:20","modified_gmt":"2011-12-13T00:44:20","slug":"spot-u3o8-jumps-us75c","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/12\/13\/spot-u3o8-jumps-us75c\/","title":{"rendered":"Spot U3O8 Jumps US75c"},"content":{"rendered":"

\n\tBy Rudi Filapek-Vandyck<\/span><\/p>\n

\n\tBuyers found themselves chasing higher prices in the spot uranium (U3O8<\/span>) market last week, with industry consultant TradeTech<\/span> pointing in the direction of one non-US utility selecting a provider for 275,000 pounds of yellow cake. Demand<\/span> for deliveries in Europe also picked up considerably during the week.<\/p>\n

\n\tThe end result was TradeTech's<\/span> spot price jumping US75c<\/span> per pound on the back of seven successfully concluded deals, good for a total of 875,000 pounds changing ownership. TradeTech's<\/span> new spot price now sits at US$52.50\/lb. This compares with a medium-term price benchmark of US$54.50 (unchanged) and a Long-Term price indicator of US$62\/lb (also unchanged during the week).<\/p>\n

\n\tThere is no new apparent demand in the term uranium market, but TradeTech's<\/span> list of existing interest suggests there's still plenty of room for price negotiation. According to the industry consultant, one non-US utility is seeking a total of over 1.7 million pounds U3O8<\/span> for delivery between 2014 and 2020. This utility is currently evaluating offers.<\/p>\n

\n\tAnother non-US utility continues to evaluate offers for deliveries beginning in 2019 and continuing through 2023, and another non-US utility is evaluating offers received in response to its Request for Proposals seeking up to 50% of its uranium, conversion, and enrichment requirements with deliveries beginning in
\n\t2015, according to TradeTech<\/span>.<\/p>\n

\n\tA third non-US utility continues to evaluate offers for up to 2.9 million pounds U3O8<\/span> equivalent contained in UF6<\/span> or enriched uranium product (EUP<\/span>) for delivery that would begin in 2012 and continue for the life of the plant, or until 2032. Another non-US utility is evaluating offers for long-term deliveries that would begin in 2015.<\/p>\n

\n\t <\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"