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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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