Uranium Price Reporting
There is no formal exchange for uranium as there is for other commodities such as gold or oil.
Uranium price indicators are developed by a small number of private business organizations,
like UxC, LLC (UxC), that independently monitor uranium market activities,
including offers, bids, and transactions.
Such price indicators are owned by and proprietary to the business that has developed them.
The Ux U3O8 Price indicator is one of only two weekly uranium price
indicators that are accepted by the uranium industry, as witnessed by their inclusion in most
“market price” sales contracts, that is, sales contracts with pricing provisions that call for the future uranium delivery price
to be equal to the market price at or around the time of delivery.
The Ux U3O8 Price indicator is the longest-running weekly
uranium price series, dating back two decades. In addition to being used by the industry in sales contracts,
Ux price indicators have been referenced by the U.S. Government in the determination of price-tied quotas
and for determination of prices in the highly enriched uranium (HEU) deal between the U.S. and
Russian Governments. Ux price indicators are also referenced in The Wall Street Journal and other major
media publications when they discuss uranium price developments.
The Ux U3O8 Price is used
as the settlement price for the CME/NYMEX UxC Uranium U3O8 Futures Contract (UX).
UxC employs a team of experts that collectively have over one hundred years of uranium
market and industry experience to assess price-related data and analyze developments that affect the uranium market.
It is important to note that, at all times, UxC remains an independent and unbiased entity in the
acquisition, analysis, development, and reporting of uranium pricing data.
Compliance with this policy has gained the long-term trust of the industry that
UxC’s price indicators are accurate and reflect true competitive market conditions.
Daily Uranium Spot Price
In September 2009, UxC launched its daily UxC Broker Average Price (BAP) reporting as
part of it services to subscribers.
Additional details of this price launch was provided in the cover story of the September 7, 2009 issue of the Ux Weekly.
The UxC BAP is made available to subscribers through an automated email service and as part of the Subscriber Services website.
Ux Price Indicator Definition
The Ux U3O8 Price indicator is based on the most
competitive offer of which UxC is aware, subject to specified form, quantity, and delivery
timeframe considerations. It is thus not necessarily based on completed transactions (although
a transaction embodies an offer and its acceptance). The “spot” market in uranium has traditionally
involved contracts calling for delivery as far out as 12 months, although more recently deliveries
take place in the forward two to three month period. Additional information on our price definitions
can be found on our price page.
In its Ux Weekly publication,
UxC goes into considerable detail about market developments,
including recent and pending transactions, outstanding requests for supply, and the changing
terms and conditions that characterize the market. UxC not only covers the spot uranium market,
but also the market for long-term contracts, as well as the spot and term markets for conversion
and enrichment. Important insights can be gained by examining the trends in different markets,
as well as the changing contracting and procurement policies of the industry. Thus, it is
important to know more than just a single price to understand what’s happening in the
uranium market, as well as other nuclear fuel markets.
The Ux U3O8 Price and other Ux Price indicators
are developed by UxC, LLC (UxC) and are proprietary and exclusive intellectual property of UxC.
These price indicators are provided to UxC’s customers through the
Ux Weekly publication and are made available on UxC’s public
website solely at UxC’s discretion.
They may not be reproduced or otherwise used without UxC’s express permission.