Email of the day on uranium pricing
Comment of the Day

September 02 2020

Commentary by Eoin Treacy

Email of the day on uranium pricing

Your ticker UXA1 COMB Comdty has not refreshed for a few days. Could you please look into this? Thanks

Eoin Treacy's view

Thank you for this question. Here is the response I received from Bloomberg because it was not updating on their system either.

“There is no open interest on the current active contract, UXAU0 Comdty. The exchange only provides a daily settle price if there is open interest. Once there is a trade for the September contract, it will have open interest, and it will receive a daily settlement price.”

Reliable uranium pricing data is difficult to find. The 4th month continuation contract traded two contracts in September so far. I’m not going to change the ticker to address this because it would mess with the back history. The original uranium price ticker from Metals Bulletin, which had history back to 1996, stopped updating in 2017. That’s when I introduced the futures traded price. No other measure is reliable or up to date either because it is an extremely illiquid market.

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