Survey of United States uranium marketing activity

Technical Report · Mon Jun 01 04:00:00 EDT 1981

OSTI ID:6411972

Krusiewski, S V; Thomas, D C; Patterson, J A

In 1980 US buyers contracted for 12,500 short tons U/sub 3/O/sub 8/ in new procurement. Nontheless, there was a net decrease of 13,100 tons in total commitments as of January 1, 1981, because of even larger changes to the delivery commitments as of January 1, 1980. The average contract price of domestic uranium was $28.15 per pound of U/sub 3/O/sub 8/ for 1980 delivery and $30.70 for 1981 delivery. Settlements of domestic market price contracts averaged $36.75 for 1980 delivery and $46.80 for 1981 delivery. Prices of foreign uranium averaged $43.10 for 1980 delivery and $40.00 for 1981 delivery. Producers expect to be able to offer 21,800 tons U/sub 3/O/sub 8/ for sale in the 1981 to 1985 period, about 30 percent less than was estimated in the 1980 survey. US producers also estimated that 30,600 tons U/sub 3/O/sub 8/ would be available for sale in the 1986 to 1990 period. Utilities made sales of 800 tons U/sub 3/O/sub 8/ for 1980 to 1981 delivery as well as loans of another 800 tons. New export commitments made in 1980 totalled 4000 tons U/sub 3/O/sub 8/; however, 2500 tons of these commitments are options or delivery is contingent on price developments. Import commitments made in 1980 totalled 2300 tons U/sub 3/O/sub 8/. Inventories of natural and enriched uranium held by US buyers increased from 52,300 to 63,400 tons U/sub 3/O/sub 8/ during 1980. In addition, inventories of uranium held by US producers increased from 2400 to 2700 tons U/sub 3/O/sub 8/. Unfilled requirements for the 1981 to 1990 period decreased from 75,300 tons U/sub 3/O/sub 8/, as reported in last year's survey, to 54,500 tons in this year's survey, a decrease of 20,800 tons. Responses to the 1981 survey suggest that there seems to be an adequate supply of uranium to meet US demand at least through 1986, although the apparent buyer requirements reported as of January 1, 1981 for the 1987 to 1990 period are higher than the total domestic production or supply.

• Research Organization: Department of Energy, Washington, DC (USA). Assistant Secretary for Nuclear Energy
• OSTI ID: 6411972
• Report Number(s): DOE/NE-0013; ON: DE81027690
• Country of Publication: United States
• Language: English

Related Subjects

051000* -- Nuclear Fuels-- Economic
Industrial
& Business Aspects
11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS
29 ENERGY PLANNING, POLICY, AND ECONOMY
290600 -- Energy Planning & Policy-- Nuclear Energy
ACTINIDE COMPOUNDS
ACTINIDES
CHALCOGENIDES
CONTRACTS
DATA
DATA COMPILATION
ELECTRIC UTILITIES
ELEMENTS
EXPORTS
IMPORTS
INDUSTRY
INFORMATION
INVENTORIES
MARKETING RESEARCH
METALS
NORTH AMERICA
NUCLEAR INDUSTRY
NUMERICAL DATA
OXIDES
OXYGEN COMPOUNDS
PRICES
PUBLIC UTILITIES
SURVEYS
TRADE
URANIUM
URANIUM COMPOUNDS
URANIUM OXIDES
URANIUM OXIDES U3O8
USA