TradeTech introduces mid-term uranium price indicator

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Thu, Jul 2, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

TradeTech reports a new mid-term uranium oxide (U3O8) price indicator on June 30, 2009.

“The Mid-Term U3O8 Price Indicator applies to transactions where deliveries begin immediately beyond the 12-month spot delivery window and occur within one to two years from that point, as either stand-alone agreements or as part of longer-term contracts,” said TradeTech President Treva Klingbiel. The new monthly price indicator is based on typical terms and conditions being offered and accepted in today’s market, such as payment terms, escalation factors, contract quantities and durations, quantity flexibilities, and delivery locations. It is not relevant to transactions that are market-escalated, cost of production-related, nor reflect any other pricing mechanisms that are not base-escalated.

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