March market review. [Spot market prices for uranium (1993)]

Journal Article · Thu Apr 01 04:00:00 EST 1993 · NUEXCO. Monthly Report to the Nuclear Industry; (United States)

OSTI ID:7057988

The spot market price for uranium in unrestricted markets weakened further during March, and at month end, the NUEXCO Exchange Value had fallen $0.15, to $7.45 per pound U3O8. The Restricted American Market Penalty (RAMP) for concentrates increased $0.15, to $2.55 per pound U3O8. Ample UF6 supplies and limited demand led to a $0.50 decrease in the UF6 Value, to $25.00 per kgU as UF6, while the RAMP for UF6 increased $0.75, to $5.25 per kgU. Nine near-term uranium transactions were reported, totalling almost 3.3 million pounds equivalent U3O8. This is the largest monthly spot market volume since October 1992, and is double the volume reported in January and February. The March 31 Conversion Value was $4.25 per kgU as UF6. Beginning with the March 31 Value, NUEXCO now reports its Conversion Value in US dollars per kilogram of uranium (US$/kgU), reflecting current industry practice. The March loan market was inactive with no transactions reported. The Loan Rate remained unchanged at 3.0 percent per annum. Low demand and increased competition among sellers led to a one-dollar decrease in the SWU Value, to $65 per SWU, and the RAMP for SWU declined one dollar, to $9 per SWU.

• OSTI ID: 7057988
• Journal Information: NUEXCO. Monthly Report to the Nuclear Industry; (United States), Journal Name: NUEXCO. Monthly Report to the Nuclear Industry; (United States) Vol. 296; ISSN 0742-4582; ISSN NUEXD3
• Country of Publication: United States
• Language: English

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