NewswireToday - /newswire/ -
Sarasota, FL, United States, 2006/12/10 - Uranium sellers are withdrawing supply while utilities are unable to obtain sufficient uranium for delivery. Trade Tech moved its weekly spot uranium price indicator to $65/pound – up $1/pound.
According to TradeTech’s weekly Nuclear Market Review (NMR), the official weekly spot uranium price indicator rose to $65/pound for the week ending December 8 – up $1/pound from the previous week.
NMR also reported, “Sellers have withdrawn from the market or are making market-related offers in anticipation of a price bump following the auction.” Ten buyers remain active in the market hoping to purchase more than five million pounds of U3O8 equivalent. Nineteen utilities are actively seeking nearly 43 million pounds for delivery beginning in 2007.
Next week’s spot auction could result in a higher spot uranium price as one U.S. uranium producer offers as much as 200 thousand pounds on the spot market. Utilities have not been able to fill their entire requests for delivery.
For the full report, please visit StockInterview’s news article, entitled “Uranium Sellers Expecting Price Bump Next Week"
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry.
For more information on StockInterview’s 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” please visit our website.
TradeTech is a Colorado-based company with offices in Denver , Chapel Hill and Dallas , and with representative offices in London , Tokyo and Zurich . TradeTech publishes Nuclear Market Review, the weekly newsletter reporting on nuclear fuel market transactions and activity; The Nuclear Review, a monthly publication reviewing and commenting upon events affecting the nuclear fuel markets; forecasts uranium supply and demand; and provides consulting services to the international nuclear fuel market. TradeTech publishes changes in the weekly spot uranium price indicator on the company’s website at uranium.info.