\n\tBy Greg Peel<\/p>\n
\n\tThere's a reasonable amount of demand around for uranium at present, according to industry consultant TradeTech<\/span>, but not in the spot market. Requests for delivery later this year or into 2013 are short dates as far as the wider uranium market goes but their existence is having little impact on spot pricing.<\/p>\n \n\tOnly two spot transactions were concluded last week totalling<\/span> 250,000lbs<\/span> as neither the buy-side nor the sell-side feels compelled to give up much ground. TradeTech's<\/span> spot price indicator fell by another US25c<\/span> to US$52.25\/lb.<\/p>\n \n\tTradeTech's<\/span> medium and long term price indicators remained at US$55\/lb and US$61\/lb respectively despite some building demand for the longer dates. One utility is seeking 800,000lbs<\/span> U3O8<\/span> for delivery by the end of the quarter and a producer is looking for a further 400,000lbs<\/span>.<\/p>\n \n\tThere is a utility seeking 1.2mlbs for delivery over four years and another is looking for 1.7mlbs for delivery over 2014-2020 and these are only two of a handful of longer dated contract deals on TradeTech's<\/span> radar. <\/p>\n \n\tWhile the Fed's further monetary stimulus announced last week provided a boost to base metal prices on a dollar devaluation basis, it appears to have had no impact on the uranium market.
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