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Spot Market

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(AMM) Ferrovanadium spot market off, but contract business running strong
Metal Bulletin  Nov 13  Comment 
The spot ferrovanadium market was particularly hushed this week, but contract business continues to hum along, producers and traders said.
Globe asset sale could squeeze silicon spot market
Metal Bulletin  Nov 6  Comment 
Globe Speciality Metals Inc.?s deal to sell interests in two silicon metal plants to Dow Corning Corp. could tighten the spot market on both sides of the Atlantic, sources said.
How to Spot Market Turning Points
Fusion Investing and Analysis  Nov 4  Comment 
Flexibility in the Market That's the secret to market timing. Just as yoga is great for keeping your body flexible and strong, averaging in and out of markets is the way to maintain a flexible and strong portfolio. Of course the real secret is...
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more ▼WIKI ANALYSIS
This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

In spot markets, contracts are executed immediately.

When used in the context of the shipping industry, an example of a spot market would be when ships that are docked in a port enter into a contract to immediately ship crude oil supplied from a nearby company. Rates paid in the spot market have historically been higher than rates paid for time charters (which are shipping contracts specifying the location and duration of shipping in advance) for the lack of guaranteed employment.

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