From TradeTech http://www.uranium.info/index.cfm?go=c.page&id=103
March 26, 2010?TradeTech?s Spot Price Indicator rose again this week, increasing $0.75 to $42.00 per pound U3O8. Four transactions are reported for the week, as compared to almost 1 million pounds U3O8 traded last week. Current buying interest is diverse with utilities, producers, and intermediaries all participating in the spot uranium market this week. Demand continues to strengthen. A non-US utility entered the market seeking 300 thousand pounds U3O8 or equivalent U3O8 contained in UF6. The utility is willing to consider offers for individual lots of 100-200 thousand pounds U3O8 equivalent, or for the entire quantity; offers are due by April 7. The recent increase in demand and subsequent price rise has resulted in a psychological shift for sellers. Over the past two weeks, sellers have consistently raised offer prices and although a gap remains between buyers and sellers, the buyers have exhibited a greater willingness to move than sellers.
AFR Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
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