Uranium price continues its downward slide
The term uranium market was even quieter, with no new demand…
Uranium Continues Its Retreat ninemsn Money 27/01/2010 By Andrew Nelson With only a handful of deals reported last week, the uranium spot price continued its new year retreat. Industry consultant TradeTech’s U3O8 Spot Price Indicator showed a decline of US$1.25/lb to US$42.50/lb over the course of last week…………….
It is the discretionary nature of current demand that is encouraging sellers to further discount their material in an effort to generate some turnover. However, the continuing trend of discounting is making a major contribution to the downward pressure on the consultant’s Spot Price Indicator…………
without any real demand currently present in the market, the consultant expects spot uranium prices will remain soft in the weeks ahead.
The term uranium market was even quieter, with no new demand or transactions reported in the term market last week…..the conversion and enrichment markets were similarly quiet last week, with no new activity reported.
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