spot market

American

noun

a market in which commodities, as grain, gold, or crude oil, are dealt in for cash and immediate delivery (futures market ).

spot market British

noun

commerce a market in which commodities, currencies, or securities are traded for immediate delivery Compare forward market

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of spot market

First recorded in 1935–40

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The producer has a lot of uncontracted cargoes to sell directly into the spot market because it’s still in the commissioning phase for a new LNG facility, according to analysts at Mizuho.

From Barron's

In between, there is a vast array of products that can serve the reliability demands of customers while mitigating the impact of buying natural gas during peak periods in the spot market.

From The Wall Street Journal

While earnings contributions are long dated, the contract reduces exposure to spot market volatility and carries minimal counterparty risk, he says.

From The Wall Street Journal

“Financial speculators, including Sprott Physical Uranium Trust have intensified its activity in the recent period with substantial fundraising amounts and uranium procurement on the spot market,” Citi says.

From The Wall Street Journal

The impact on global oil prices may be muted, however, because of ample supplies in non-sanctioned spot markets, said Neil Crosby of Sparta Commodities.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023