SUBSCRIBER NOTE: Platts launches expanded global uranium U3O8 market reporting

S&P Global Platts started its expanded global spot price market reporting for uranium in the form of U3O8 by assessing and publishing 12 months of forward delivery pricing November 15, 2019.

The launch followed a decision on the expansion, published on October 10, which can be seen here.

Platts has added assessments reflecting the transactional value of a U3O8 title transfer (also known as a book transfer) for the prompt 12 monthly delivery windows, where month one is the current month and rolls forward on the first day of each subsequent month. Like the existing Platts U3O8 assessment, AFUEL00, launched November 9, 2018, the new price assessments will reflect delivery at licensed conversion facilities in Canada, with deliveries at other locations normalized as needed.

The existing Platts U3O8 spot assessment, which is the average of the first forward 12 monthly values and assessed on Fridays, will continue to be published.

Platts' assessments will continue to reflect typical commercial specifications for U3O8 that meet the conversion facility guidelines in volumes of 100,000 lb for delivery within each of the delivery windows from time of publication. Prices will be in US dollars per lb. Platts may consider other volumes and specifications in the assessment process that would be normalized to the standard specification.

The prices assessed would reflect value at 1 pm US Eastern time on Fridays to include trading in all regions, including the US. In the case of Friday being a public holiday in the US, Platts would carry out the assessments on the prior business day.

Please send all questions and feedback to nucleareditorial@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.