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<strong>atw</strong> Vol. 62 (<strong>2017</strong>) | Issue 6 ı June<br />

December 2016<br />

• Uranium: 18.75–21.50<br />

• Conversion: 5.50–5.75<br />

• Separative work: 47.00–50.00<br />

<strong>2017</strong><br />

January <strong>2017</strong><br />

• Uranium: 20.25–25.50<br />

• Conversion: 5.50–6.75<br />

• Separative work: 47.00–50.00<br />

February <strong>2017</strong><br />

• Uranium: 23.50–26.50<br />

• Conversion: 5.50–6.75<br />

• Separative work: 48.00–50.00<br />

March <strong>2017</strong><br />

• Uranium: 24.00–26.00<br />

• Conversion: 5.50–6.75<br />

• Separative work: 47.00–50.00<br />

| | Source: Energy Intelligence<br />

www.energyintel.com<br />

| | Uranium spot market prices from 1980 to <strong>2017</strong> and from 2007 to <strong>2017</strong>. The price range is shown.<br />

In years with U.S. trade restrictions the unrestricted uranium spot market price is shown.<br />

429<br />

NEWS<br />

Cross-border price<br />

for hard coal<br />

Cross-border price for hard coal in<br />

[€/t TCE] and orders in [t TCE] for<br />

use in power plants (TCE: tonnes of<br />

coal equivalent, German border):<br />

2012: 93.02; 27,453,635<br />

2013: 79.12, 31,637,166<br />

2014: 72.94, 30,591,663<br />

2015: 67.90; 28,919,230<br />

2016: 67.07; 29,787,178<br />

I. quarter: 56.87; 8,627,347<br />

II. quarter: 56.12; 5,970,240<br />

III. quarter: 65.03, 7.257.041<br />

IV. quarter: 88.28; 7,932,550<br />

| | Source: BAFA, some data provisional<br />

www.bafa.de<br />

EEX Trading Results<br />

in March <strong>2017</strong><br />

(eex) In March <strong>2017</strong>, the European<br />

Energy Exchange (EEX) reached a<br />

volume of 311.2 TWh on its power<br />

derivatives markets, representing a<br />

year-on-year increase of 22% (March<br />

2016: 255.8 TWh).<br />

In particular, power products for<br />

the German-Austrian market contributed<br />

to this result. At 250.5 TWh,<br />

volumes in this market increased by<br />

42 % (March 2016: 176.6 TWh).<br />

This includes 225.9 TWh from<br />

Phelix Futures and 24.6 TWh from<br />

Phelix Options.<br />

The March volumes comprised also<br />

158.7 TWh registered at EEX for<br />

clearing. Clearing and settlement<br />

of all transactions was executed by<br />

European Commodity Clearing (ECC).<br />

The Settlement Price for base load<br />

contract (Phelix Futures) with<br />

delivery in 2018 amounted to<br />

29.77 €/MWh. The Settlement Price<br />

for peak load contract (Phelix Futures)<br />

with delivery in 2018 amounted to<br />

37.49 €/MWh.<br />

| | Separative work and conversion market price ranges from 2007 to <strong>2017</strong>. The price range is shown.<br />

)1<br />

In December 2009 Energy Intelligence changed the method of calculation for spot market prices. The change results in virtual price leaps.<br />

On the EEX Market for emission<br />

allowances, a total volume of<br />

117.5 million tonnes of CO 2 was<br />

traded in March which represents a<br />

year-on-year increase of 50 % (March<br />

2016: 78.4 million tonnes of CO 2 ). On<br />

the EUA secondary market, volumes<br />

have doubled to 33.6 million tonnes<br />

of CO 2 (March 2016: 15.7 million<br />

tonnes of CO 2 ). The primary market<br />

auctions contributed 83.5 million<br />

tonnes of CO 2 to the total volume.<br />

The E-Carbix amounted to<br />

5.09 €/EUA, the EUA price with<br />

delivery in December 2016 amounted<br />

to 4.63/5.91 €/ EUA (min./max.).<br />

| | www.eex.com<br />

MWV crude oil/product prices<br />

in March <strong>2017</strong><br />

(mwv) According to information and<br />

calculations by the Association of the<br />

German Petroleum Industry MWV e.V.<br />

in March <strong>2017</strong> the prices for super fuel<br />

and heating oil noted lower for fuel oil<br />

sligthly lower compared with the<br />

previous month February <strong>2017</strong>. The<br />

average gas station prices for Euro<br />

super consisted of 136.28 €Cent<br />

( February <strong>2017</strong>: 139.39 €Cent, approx.<br />

-3.11 % in brackets: each information<br />

for previous month or rather previous<br />

month comparison), for diesel fuel of<br />

116.56 €Cent (118.27; -1.45 %) and<br />

for heating oil (HEL) of 56.81 €Cent<br />

(59.28, -4.17 %).<br />

The tax share for super with a<br />

consumer price of 136.28 €Cent<br />

(139.39 €Cent) consisted of<br />

65.45 €Cent (48.03 %, 65.45 €Cent)<br />

for the current constant mineral oil<br />

tax share and 21.76 €Cent (current<br />

rate: 19.0 % = const., 22.26 €Cent)<br />

for the value added tax. The product<br />

price (notation Rotterdam) consisted<br />

of 36.05 €Cent (26.45 %, 39.59 €Cent)<br />

and the gross margin consisted of<br />

13.02 €Cent (9.5 %; 12.09 €Cent).<br />

Thus the overall tax share for super<br />

results of 67.0 % (66.0 %).<br />

Worldwide crude oil prices<br />

(monthly average price OPEC/Brent/<br />

WTI, Source: U.S. EIA) were approx.<br />

-6.48 % (+1.41 %) lower in March<br />

compared to February <strong>2017</strong> also<br />

despite the decision of the OPEC<br />

to restrict and lower the crude oil<br />

production. The market showed a<br />

stable development with lower<br />

prices; each in<br />

US-$/ bbl: OPEC basket: 50.32<br />

(53.37); UK-Brent: 51.59 (54.87);<br />

West Texas Intermediate (WTI):<br />

49.33 (53.47)<br />

| | www.mwv.de<br />

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