Uranium Price Up, page-4

$28.45 here, not much but hey better than a further drop!
http://www.cmegroup.com/trading/metals/other/uranium.html


Utility contracting has to pick up again by next year
Utilities that buy uranium have not been in the market for the past 12-24 months in typical fashion. With the oversupply of uranium, utilities have not felt compelled to sign long-term contracts. However, all of that will likely change by next year. Utilities need to lock in some additional supply for 2016-17, but many are really wide open for 2018 and beyond -- perhaps more wide open just four years out then they've ever been. When long-term contracting activity picks up again, and it must, producers should be able to regain some degree of pricing power. Clearly, the spot price of $28/pound is not a realistic market indicator. Just as the spot price collapsed by 20% to $28/pound fairly quickly on very little transactional volume, I believe the price could bounce back to the $30s/pound without much trouble at all. More important will be the long-term contract price, which currently stands at $45/pound. Even a modest uptick to $50/pound, perhaps by the end of 2014, would be a positive boost to overall sentiment.

http://www.********/investing/general/2014/07/09/green-shoots-in-the-uranium-market.aspx