According to RBC Capital Markets:
June 4, 2013
Ux Spot Price Down $0.50 to $40.00/lb; TradeTech Down $0.35 to $40.40/lb
Ux spot price indicator was down $0.50 to $40.00/lb and TradeTech was down $0.35 to $40.40/lb. Ux reported that supply disruptions in Niger had a minor impact on the spot market while a decline in the spot price sparked some interest in buyers.
Ux reported 3.5 million pounds U3O8e in 24 transactions during May 2013 (month-to-date).
The 2013 YTD spot transaction volume is now 17.4 million pounds U3O8e in 125 transactions. At this time last year, the 2012 spot transaction volume was 14.8 million pounds U3O8e in 94 transactions.
Ux term price indicator was unchanged at $57.00/lb, and TradeTech was unchanged at $57.00/lb (quoted monthly at month-end). Ux reported that term market activity remains low, although there is some interest for mid-term delivery.
A non-US utility is evaluating offers it received for approximately 2.6 million pounds U3O8e in either UF6 or EUP with delivery starting in 2014.
A non-US utility is reviewing offers for over 2 million pounds U3O8 beginning in 2017.
Several US and non-US utilities are considering entering the term market over the next several months.