atw 2018-05v6
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<strong>atw</strong> Vol. 63 (<strong>2018</strong>) | Issue 5 ı May<br />
<strong>2018</strong><br />
January <strong>2018</strong><br />
• Uranium: 21.75–24.00<br />
• Conversion: 6.00–7.00<br />
• Separative work: 38.00–42.00<br />
February <strong>2018</strong><br />
• Uranium: 21.25–22.50<br />
• Conversion: 6.25–7.25<br />
• Separative work: 37.00–40.00<br />
March <strong>2018</strong><br />
• Uranium: 20.50–22.25<br />
• Conversion: 6.50–7.50<br />
• Separative work: 36.00–39.00<br />
| | Source: Energy Intelligence<br />
www.energyintel.com<br />
| | Uranium spot market prices from 1980 to <strong>2018</strong> and from 2008 to <strong>2018</strong>. The price range is shown.<br />
In years with U.S. trade restrictions the unrestricted uranium spot market price is shown.<br />
335<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 />
| | Separative work and conversion market price ranges from 2008 to <strong>2018</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 />
2017<br />
I. quarter: 95.75; 8,385,071<br />
II. quarter: 86.40; 5,094,233<br />
III. quarter: 88.07; 5,504,908<br />
IV. quarter: 94.07; 6,754,798<br />
2017, year: 91.28, 25,739,010<br />
| | Source: BAFA, some data provisional<br />
www.bafa.de<br />
EEX Trading Results<br />
March <strong>2018</strong><br />
(eex) In March <strong>2018</strong>, the European<br />
Energy Exchange (EEX) achieved a<br />
total volume of 222.4 TWh on its<br />
power derivatives markets (March<br />
2017: 311.2 TWh). In Dutch Futures,<br />
EEX achieved its highest volume so far<br />
at 4.1 TWh. On the French market,<br />
volumes increased by 19% to<br />
24.4 TWh (March 2017: 20.4 TWh)<br />
while volumes on the Italian market<br />
increased by 12% to 36.0 TWh (March<br />
2017: 32.1 TWh). In total, the German<br />
and Austrian markets (Phelix-DE,<br />
Phelix-AT and Phelix-DE/AT) recorded<br />
a volume of 141.6 TWh (March<br />
2017: 225.9 TWh).<br />
The March volume comprised<br />
119.2 TWh traded at EEX via Trade<br />
Registration with subsequent clearing.<br />
Clearing and settlement of all<br />
exchange transactions was executed<br />
by European Commodity Clearing<br />
(ECC).<br />
The Settlement Price for base<br />
load contract (Phelix Futures) with<br />
delivery in 2019 amounted to<br />
36.08 €/MWh. The Settlement Price<br />
for peak load contract (Phelix Futures)<br />
with delivery in 2019 amounted to<br />
44.73 €/MWh.<br />
On the EEX markets for emission<br />
allowances, the total trading volume<br />
more than doubled to 246.6 million<br />
tonnes of CO 2 in March (March 2017:<br />
117.5 million tonnes of CO 2 ). In<br />
particular, the development was<br />
driven by a significant increase of<br />
volumes on the secondary market<br />
where EEX achieved a new monthly<br />
record of 99.1 million tonnes of CO 2 .<br />
Primary market auctions contributed<br />
75.1 million tonnes of CO 2 to the total<br />
volume. Furthermore, 72.5 million<br />
tonnes of CO 2 were traded in EUA<br />
Options which is the highest monthly<br />
volume so far in this product and<br />
almost 3-fold the previous record<br />
volume which was traded in February<br />
<strong>2018</strong>.<br />
The EUA price with delivery in<br />
December <strong>2018</strong> amounted to<br />
9.99/13.68 €/ EUA (min./max.).<br />
| | www.eex.com<br />
MWV Crude Oil/Product Prices<br />
February 2017<br />
(mwv) According to information and<br />
calculations by the Association of the<br />
German Petroleum Industry MWV e.V.<br />
in February <strong>2018</strong> the prices for<br />
super fuel, fuel oil and heating oil<br />
noted inconsistent compared with<br />
the pre vious month January <strong>2018</strong>.<br />
The average gas station prices for Euro<br />
super consisted of 137.27 €Cent<br />
( January <strong>2018</strong>: 136.84 €Cent, approx.<br />
+0.31 % in brackets: each<br />
information for pre vious month or<br />
rather previous month comparison),<br />
for diesel fuel of 119.50 €Cent<br />
(120.48; -0.81 %) and for heating oil<br />
(HEL) of 59.15 €Cent (62.27 €Cent,<br />
-5.01 %).<br />
The tax share for super with<br />
a consumer price of 137.27 €Cent<br />
(136.84 €Cent) consisted of<br />
65.45 €Cent (47.68 %, 65.45 €Cent)<br />
for the current constant mineral oil<br />
tax share and 21.92 €Cent (current<br />
rate: 19.0 % = const., 21.85 €Cent)<br />
for the value added tax. The product<br />
price (notation Rotterdam) consisted<br />
of 38.08 €Cent (27.74 %, 40.17 €Cent)<br />
and the gross margin consisted of<br />
11.82 €Cent (8.61 %; 9.37 €Cent).<br />
Thus the overall tax share for super<br />
results of 66.68 % (66.83 %).<br />
Worldwide crude oil prices<br />
(monthly average price OPEC/Brent/<br />
WTI, Source: U.S. EIA) were slightly<br />
lower, approx. -4.26 % (+8.36 %) in<br />
February <strong>2018</strong> compared to January<br />
<strong>2018</strong>.<br />
The market showed a stable<br />
development with higher prices; each<br />
in US-$/bbl: OPEC basket: 63.48<br />
(66.85); UK-Brent: 65.32 (69.08);<br />
West Texas Inter mediate (WTI):<br />
62.23 (63.70).<br />
| | www.mwv.de<br />
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