spot market

American  

noun

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

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spot market British  

noun

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

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Etymology

Origin of spot market

First recorded in 1935–40

Example Sentences

Exporters of liquefied natural gas are getting higher prices for cargoes sold on the spot market, and previous fears that a glut of LNG would hurt their prospects have all but receded.

From The Wall Street Journal

“Asian LNG buyers were closely monitoring the situation, with many reluctant to step up purchases in the spot market due to the higher prices,” ANZ analysts write.

From The Wall Street Journal

“Our team is vigilantly monitoring the retail, wholesale, and spot markets,” said Tai Milder, director of the California Energy Commission Division of Petroleum Market Oversight, in a statement.

From Los Angeles Times

Although it would take years to build new plants, some companies such as Venture Global have uncontracted volumes that will now fetch much higher prices on the spot market.

From The Wall Street Journal

The American exporters will benefit in the near term because they can sell some LNG cargoes on spot markets to increasingly desperate European and Asian buyers.

From Barron's