NYMEX Uranium Closing Prices As Of August 24 2007
December 2007 Contract
$79
January 2008 Contract
$70
March 2008 Contract
$80
Ux Consulting lowered its spot price Uranium indicator to $90 (US) on Monday, down from $105 the previous week.
TradeTech continues to price spot Uranium at $105.
NYMEX Uranium futures are also under pressure with the December 2007 contracts hitting $68 per pound.
Uranium prices have been under pressure due to weak demand from speculators as well as seasonal shifts within the nuclear industry.
NYMEX Uranium Closing Prices As Of August 17 2007
December 2007 Contract
$70
January 2008 Contract
$70
March 2008 Contract
$80
September 2008 Contract
$85
NYMEX Uranium Closing Prices As Of August 10 2007
December 2007 Contract
$109
January 2008 Contract
$99
March 2008 Contract
$99
ADVFN is an excellent resource for uranium news and analysis.
Russia's oldest investment bank Troika Dialog is forecasting that Uranium prices may fall as low as $95 per pound within the next few months. However, Troika reiterated its target price of $115 for 2007 and $140 for 2008.
"We expect price growth to resume in autumn, when the active purchasing season starts," Mikhail Stiskin, an analyst at Troika Dialog stated in a report issued this week.
Ux Consulting reports that spot prices for Uranium slipped to $110 a pound for the week ending August 4.
Prices have been pressured by The U.S. Department of Energy’s sale of up to 200 tons of uranium hexafluoride (UF6,). Bids for this sale are due August 17.
NYMEX Uranium Closing Prices As Of August 3 2007
July 2007 Contract
$120
December 2007 Contract
$118
January 2008 Contract
$118
February 2008 Contract
$118
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