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Uranium Futures

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 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
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Uranium futures are traded on the New York Mercantile Exchange under ticker symbol UX in U.S. dollars and cents per pound.[1]

The Chart at left shows the front-month Uranium prices on the New York Mercantile Exchange in US dollars and cents

Delivery Dates

Uranium futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Uranium futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009UXF9UX/F9-NM
February, 2009UXG9UX/G9-NM
March, 2009UXH9UX/H9-NM
April, 2009UXJ9UX/J9-NM
May, 2009UXK9UX/K9-NM
June, 2009UXM9UX/M9-NM
July, 2009UXN9UX/N9-NM
August, 2009UXQ9UX/Q9-NM
September, 2009UXU9UX/U9-NM
October, 2009UXV9UX/V9-NM
November, 2009UXX9UX/X9-NM
December, 2009UXZ9UX/Z9-NM


Contract Specifications

Contract Size

One Uranium futures contract on the New York Mercantile Exchange is 250 pounds of U3O8.[1]

Tick Value

$0.05.[1]

Daily Price Limit

None.[1]

Trading Hours

6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time on the CME Globex and NYMEX ClearPort electronic trading systems.[1]

Last Trading Day

Trading terminates at the close of business on the last Monday of the contract month. If the last Monday in the contract month is not a business day, trading shall terminate on the last business day prior to the Monday that is not a business day.[1]

Contents

Margin Requirements

  • Non-Member/Non-Hedger Customer Initial - $2700.[2]
  • Member/Hedger Customer Initial - $2000.[2]
  • Clearing Member/Maintenance - $2000.[2]

Deliverable Grades

Uranium U3O8.[1]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The New York Mercantile Exchange's contract specification for Uranium futures
  2. ↑ 2.0 2.1 2.2 NYMEX margin requirements for Uranium futures
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