Uranium Market Achieves Record Spot Market Transaction Volume

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The uranium market continues to observe high transaction volume, which reached a new record in September with 14.5 million pounds U3O8 equivalent transacted in the spot market—the largest transaction volume recorded in a single month since 1996, according to industry consultant TradeTech.

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"An increase in uranium buying interest from the utility and non-end user sectors has resulted in higher offers for all buyers in the mid- and long-term delivery periods,” said TradeTech President Treva Klingbiel.

The uranium market continues to observe high transaction volume, which reached a new record in September with 14.5 million pounds U3O8 (triuranium oxide) equivalent transacted in the spot market—the largest transaction volume recorded in a single month since 1996, according to industry consultant TradeTech.

This is the second consecutive month for record transaction volumes in the uranium spot market. A total of 13.2 million pounds U3O8 equivalent traded hands during the month of August, notes TradeTech, the longest-running uranium price reporter.

In August, the increase in the spot uranium price outpaced prices observed in the mid- and long-term market sectors. However, that trend was reversed in September. Beginning in the second half of the month, spot prices started to decline and buyers turned their attention to the mid- and long-term markets.

TradeTech’s Monthly Uranium Spot Price Indicator, the Exchange Value, climbed to $42.20 per pound U3O8 on September 30, nearly 40 percent above the 2020 average. The company’s Mid-Term Uranium Price Indicator and Long-Term Uranium Price Indicator for September 30 also escalated, based on recent market activity, to $43.75 and $45.00 per pound U3O8, respectively. “This highlights the increased pressure that the growing levels of spot purchases, by parties that intend to sequester the material, is placing on the mid- and long-term uranium markets. An increase in buying interest from the utility and non-end user sectors has resulted in higher offers for all buyers in the mid- and long-term delivery periods,” said TradeTech President Treva Klingbiel.

About TradeTech
TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company’s "Nuclear Market Review" (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators, as well as analysis related to price determinations, supply/demand information, and industry news. TradeTech also publishes "The Nuclear Review," a monthly trade publication dedicated to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study.”

TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries.

For general and media inquiries contact:
TradeTech
Denver Tech Center
7887 E. Belleview Avenue
Suite 888
Englewood, CO 80111
Phone: 303.573.3530
Fax: 303.573.3531

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Treva Klingbiel
TradeTech
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