Price settles as financial investors sell inventory due to pandemic

摘要

The coronavirus continued to affect the uranium market the week of March 16, as aggressive offers mostly by financial investors pushed the spot price lower week-on-week, according to market sources. S&P Global Platts assessed the 12-month average of uranium spot prices, based on the mean of assessed activity for U3O8 delivered over the next 12 months, at $24.37/lb at 1 pm EST March 20. That price is the same price Platts assessed on March 18, March 19 and March 20 — but 20 cents/lb lower than the $24.57/lb assessed March 13. March 17’s $24.27/lb was the lowest price since Platts began assessing spot uranium in November 2018. The assessment went from weekly to daily March 2. Three deals were heard to have been transacted during the week of March 16, all at $24/lb for delivery to Canada of 100k lb, an intermediary said March 20.