Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities

Archives

How Much Uranium May Rise? Sugar Advances

March 30, 2010 at 20:18 by Vladimir Vyun

Uranium prices may begin advance at the end of this year with growing demand from utilities. Supplies from recycling Soviet-era warheads and enrichment facilities can’t catch up demand from such countries as South Korea, China, Russia and India. Analysts predict that prices may climb from $40 per pound to as much as $100. Immediate delivery for uranium oxide concentrate rose 2.4 percent from previous week to $42.25 per pound.

Sugar advanced in New York for a second straight day as importers are planning to increase purchases after prices have dropped. Demand may be supported by rising imports in India and Iraq. Previously prices rose because adverse weather damaged harvests in India and Brazil, then prices declined on speculation about rebounding global production. May delivery for raw sugar advanced $0.0012 (0.7 percent) to $0.1763 per pound by 9:52 on ICE Futures U.S.

If you have any questions and comments on the commodities today, use the form below to reply.

One Response to “How Much Uranium May Rise? Sugar Advances”

  1. Johnkitty

    This is a bad news for traders, I think so, Uranium prices may go up again. But I don’t think that the prices of Sugar will decline.

    [Reply]

Leave a Reply

required
required  

Navigation

Menu