Spot...

Spot Price

		2018	2019	2020	2021	2022
1	Jan	21.88	28.90	24.63	29.63	43.08
2	Feb	21.38	28.00	24.80	27.98	48.75
3	Mar	21.05	25.33	27.35	30.95	58.20
4	Apr	21.00	25.20	33.25	28.90	53.00
5	May	22.73	24.05	33.93	31.40	47.75
6	Jun	22.65	24.60	32.80	32.25	49.75
7	Jul	25.78	25.38	32.45	32.40	47.75
8	Aug	26.30	25.30	30.85	34.25	51.25
9	Sep	27.50	25.68	29.93	42.60	48.38
10	Oct	27.95	24.25	29.70	45.20	52.28
11	Nov	29.10	26.05	29.68	45.75	-
12	Dec	27.75	24.93	30.20	42.05

Very interesting looking at this. Latest local TOE high (2.5c) was in March when we saw a $10 jump in the U price from Feb to March 2022. Last time we had a jump like that was Aug to Sept 2021 ($12) ... and TOE went to 5.2c ! Interestingly, we are at a higher U price now than we were in Sept 2021 (go figure - there has been no CR since then) !!

It seems the market responds to jumps in the U price but not increments ... for now. But I think things will change pretty fast once we are above $60/pound !!!!

Just my 1.7 cents worth

GLTAH