FN Arena News
Latest News
Asia
Australia
Banking Day
Commodities
Currencies
Economics
Eureka Report
FYI
InvestmentU
New Zealand
Sell&Buy-ology
Technicals
Weekly Analysis
Weekly Insights
Weekly PDF
Sources Of Wisdom

Search by symbol:

FNArena

Email Us

Member Login
Username:

Password:
Commodities
Spot Uranium Remains Under Downward Pressure
FNArena News - February 23 2010

By Rudi Filapek-Vandyck

Spot uranium prices continue their descent as buyers seem in no hurry and with sellers offering ever more aggressive price cuts to get deals done. The past week, ending Friday, saw a few deals being concluded, but also a further cut to TradeTech's weekly price benchmark.

TradeTech's spot price indicator has now fallen to US$41.75/lb, US25c lower than at the end of the previous week.

The industry consultant remains adamant in its market assessment: buyers are under no pressure to buy, and thus the willingness by sellers to get rid of their product at ever lower prices continues to dominate the market at this stage.

TradeTech's mid-term price indicator has remained unchanged at US$50/lb, its longer term price indicator has remained unchanged at US$60/lb.

See also our story from last week “Spot Uranium Remains Under Pressure”, published on February 16.

Return to Home Page for      Start        End  
Search for any term. If symbols are used company and sector analysis are displayed. Varying
start and end dates shows how the company has been rated over time against its present price.

Our archive tells no lies. FNArena warned its readers well before the price of crude oil peaked in 2008 the speculator bubble would deflate with devastating consequences for those holding oil company shares. In August we warned the most severe correction in modern history was forthcoming for natural resources. In 2007 we warned the problem with US subprime mortgages would prove much bigger than experts and media were anticipating (among other things).

FNArena is showing the true value of truly independent financial analysis and reporting. Our daily news reports can be trialed at no cost and with no obligations at www.fnarena.com. Simply sign up and see it for yourself.

Subscribers and trialists should read our terms and conditions, available on the website.

All material published by FNArena is the copyright of the publisher, unless otherwise stated. Reproduction in whole or in part is not permitted without written permission of the publisher.


The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
© News Network 2010. All Rights Reserved. No portion of this website may be reproduced, copied or in any way re-used without written permission from News Network. All subscribers should read our terms and conditions.