Uranium Contract Prices Slip

FN Arena reported that the uranium spot price came under pressure in the last week.

As quoted in the market news:

Term uranium prices slipped initially after the Fukushima disaster but for many weeks prices have remained stable in a quiet market while spot traders have battled back and forth around the significant US$50/lb level in somewhat of a vacuum of uncertainty with respect to uranium’s future. Last week, however, those stable term prices finally gave way.

Industry consultant TradeTech’s mid-term price indicator has fallen US$1.00 to US$55.00/lb and TradeTechs’ long-term price indicator has fallen US$2.00 to US$63.00/lb. The price falls may not be large but they are nevertheless significant in a market now dominated by the collapse of Japanese demand.

Click here to read the full FN Arena report.