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Numerco’s Spot Uranium U3O8 Price:
Numerco’s uranium prices in the form of U3O8 are represented in the units of US$ per 1 Lb of U3O8. The spot price is the active front month, presented in real time and snapshots are taken twice daily, one at 14:30h CET and one at 14:30h EST, which are available for view and download at www.numerco.com/NSet. The price itself is represented as a bid to buy and offer to sell spread, from which a single mid-price is derived from the average within the snapshots.
Delivery is for book transfer at one of the western converters, Cameco (Canada), ConverDyn (USA) and Comurhex (France). Pricing differences between these locations are generally contained within the active bid/offer spread of the spot uranium price, however have occasional moved beyond these. As such location differences are represented in USc/Lb versus the primary western location and are also presented in real time on the /NSet page and contained within the twice daily snapshot files.
The live uranium prices are based on interests to buy or sell a minimum of 100,000Lbs Lbs U3O8, that are either directly given to Numerco by market participants looking to transact, or levels to which Numerco has become aware of in the broader market. In occasional circumstances, illiquidity results in:
(i) no active offer interest present in the market, in this case evaluation is based on last trade and live bid interest
(ii) no active bid interest present in the market, in this case evaluation is based on last trade and offer interest
(iii) no active bid or offer interest, in this case evaluation is based on last trade, last active bid and last active offer interest.
Live interests to buy and sell are presented on the blotter board of the NSet page, along with the volume of the respective interest, in 1,000s Lbs U3O8 and with an associated location for the interest. Location codes are as follows:
CVD = ConverDyn, USA
CMO = Cameco, Canada
CMX = Comurhex, France
CVO = ConverDyn, USA or Cameco, Canada
CVX = ConverDyn, USA or Comurhex, France
CXO = Cameco, Canada or Comurhex, France
ALL = Cameco, ConverDyn or Comurhex
IND = Indication from wider market
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