spot price

American  

noun

1. the price of spot goods or of commodities on the spot market.

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spot price British  

noun

1. the price of goods, currencies, or securities that are offered for immediate delivery and payment

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Example Sentences

As a result, the company might not fully benefit from higher spot prices over the next two years, he says.

From The Wall Street Journal

Europe’s exposure to spot prices for liquefied natural gas is its Achilles’ heel.

From The Wall Street Journal

And that’s before the spot price of oil, which surged to about $120 per barrel Sunday before falling back to the mid-$90 level, has fully permeated prices at the pump.

From Los Angeles Times

That’s signaled by the steeply backwardated, or downward-sloping, futures curve, he noted, in which the current spot price of oil is higher than prices for crude for future delivery.

From MarketWatch

While most of its cargoes are sold through long-term contracts, the company sells some directly into the market at spot prices.

From Barron's