The New York Mercantile Exchange (Nymex) has decided to extend the range of uranium futures trading from 36 to 60 months ahead. The uranium futures market, which offers uranium buyers and seller a financial method of guarding against price risks, began electronic trading on 7 May. Nymex decided on the change after consulting at a series of busy seminars attended by members of the nuclear industry. The exchange said the change in listing schedule will take place from 2 July and will offer contracts in each month from June 2007 to May 2012.
Further information
Nymex
Nymex uranium futures
WNN: INSIGHT BRIEFING: Uranium enters futures market
Futures extended by 24 months
The New York Mercantile Exchange (Nymex)has decided to extend the range of uranium futures trading from 36 to60 months ahead. The uranium futures market, which offers uraniumbuyers and seller a financial method of guarding against price risks,began electronic trading on 7 May. Nymex decided on the change afterconsulting at a series of busy seminars attended by members of thenuclear industry. The exchange said the change in listing schedule willtake place from 2 July and will offer contracts in each month from June2007 to May 2012.
_96167_68292.jpg)
