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

Journal Article · Tue Jun 01 04:00:00 EDT 1993 · NUEXCO. Monthly Report to the Nuclear Industry; (United States)

OSTI ID:7193432

Seven uranium transactions totalling nearly three million pounds equivalent U3O8 were reported during May, but only two, totalling less than 200 thousand pounds equivalent U3O8, involved concentrates. As no discretionary buying occurred during the month, and as near-term supply and demand were in relative balance, prices were steady, while both buyers and sellers appeared to be awaiting some new market development to signal the direction of future spot-market prices. The May 31, 1993, Exchange Value and the Restricted American market Penalty (RAMP) for concentrates were both unchanged at $7.10, and $2.95 per pound U3O8, respectively. NUEXCO's judgement was that transactions for significant quantities of uranium concentrates that were both deliverable in and intended for consumption in the USA could have been concluded on May 31 at $10.05 per pound U3O8. Two near-term concentrate transactions were reported in which one US utility purchased less than 200 thousand pounds equivalent U3O8 from two separate sellers. These sales occurred at price levels at or near the May 31 Exchange Value plus RAMP. No long-term uranium transactions were reported during May. Consequently, the UF6 Value decreased $0.20 to $24.30 per kgU as UF6, reflecting some weakening of the UF6 market outside the USA.

• OSTI ID: 7193432
• Journal Information: NUEXCO. Monthly Report to the Nuclear Industry; (United States), Journal Name: NUEXCO. Monthly Report to the Nuclear Industry; (United States) Vol. 298; ISSN 0742-4582; ISSN NUEXD3
• Country of Publication: United States
• Language: English

Related Subjects

051000* -- Nuclear Fuels-- Economic
Industrial
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11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS
ACTINIDE COMPOUNDS
CHALCOGENIDES
DATA
DATA COMPILATION
ECONOMICS
FLUORIDES
FLUORINE COMPOUNDS
HALIDES
HALOGEN COMPOUNDS
INFORMATION
MARKET
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URANIUM FLUORIDES
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URANIUM OXIDES U3O8