##{"id":65961,"date":"2015-11-17T10:00:23","date_gmt":"2015-11-16T23:00:23","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2015\/11\/17\/uranium-week-all-quiet-2\/"},"modified":"2015-11-17T10:00:23","modified_gmt":"2015-11-16T23:00:23","slug":"uranium-week-all-quiet-2","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2015\/11\/17\/uranium-week-all-quiet-2\/","title":{"rendered":"Uranium Week: All Quiet"},"content":{"rendered":"By Greg Peel<\/p>\n
Utilities were represented on the buy-side in the spot uranium market last week but activity was very thin, thanks largely to the mid-week Veterans Day holiday in the US. A mere four transactions were completed, industry consultant TradeTech reports, totalling 400,000lbs U3O8 equivalent.<\/p>\n
TradeTech’s weekly spot price indicator remains unchanged at US$36.00\/lb.<\/p>\n
Utility interest is nevertheless evident, in both the spot and term markets. Offers are due this week for a US utility seeking 850,000lbs for delivery in February, another 800,000\/lbs in September and additional quantities for delivery across 2017-21. Two other utilities were considering entering the spot market as the week came to a close, TradeTech reports.<\/p>\n
No transactions were recorded in term markets last week but two utilities are awaiting offers for a total of over 6.2mlbs to be delivered across 2017-26, another is seeking 3.6mlbs across 2017-21 and another is seeking 10.5mlbs across 2017-2026.<\/p>\n
TradeTech’s term price indicators remain unchanged at US$38.75\/lb (mid) and US$44.00\/lb (long).<\/p>\n
The International Energy Agency last week released its annual World Energy Outlook report for 2015.<\/p>\n
As the Chinese economy slows, the IEA predicts that by 2040, India will prove the world’s largest demand centre for every major constituent of the world’s energy mix – oil, gas, coal, renewables and nuclear. By 2040 China’s oil imports will be nearly five times that of the US, and India’s will exceed those of the European Union.<\/p>\n
An Indian “super-cycle”?<\/p>\n
\nFind out why FNArena 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":"The mid-week Veterans Day holiday in the US ensured a quiet week for uranium markets.<\/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\/65961"}],"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=65961"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/65961\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=65961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=65961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=65961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}