S&P Global Platts has begun assessing US and France spot uranium pricing effective Sept. 1, 2021, expanding its offering of U3O8 prices to cover all three main trading locations.
In addition to the existing assessment in Canada, Platts will begin assessing U3O8 prices at uranium conversion facilities in the US and France, where U3O8 is typically stored, traded and processed into UF6.
Platts published its decision to launch the assessments July 27 here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/072721-platts-decides-to-assess-uranium-locational-differentials-for-us-france
The new assessments will take the form of a daily differential, positive or negative, of the France and US prices to the Canada price for delivery in the current month (AFUEM01). The price codes for the France-Canada differential is AURFC00 and the US-Canada differential is AURUC00.
The assessments reflect the values at 1 pm Eastern time in $/lb and take into account trades, bids, offers, location swaps and indicative values collected up to this cutoff.
The assessments follow the US holiday calendar, with details to be found in the Platts holiday calendar online: https://www.spglobal.com/platts/en/our-methodology/holiday
The new differential assessments will be published alongside the existing Canada price in the Nuclear Fuel report and the Nuclear Fuel Uranium Pricing Supplement, as well as on fixed pages PEA0308 and PEP0308 of the Platts real-time service.
The methodology for the existing uranium assessments can be found here: https://www.spglobal.com/platts/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/uraniummethodology.pdf
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