Spot Prices

RECENT NEWS
Reuters  May 11  Comment 
Asian liquefied natural gas (LNG) spot prices for July delivery hit highs not seen since mid-2008 this week as import demand from a nuclear power-free Japan rose while recent high oil prices supported gains.
Mining Weekly  Apr 26  Comment 
Shares of AngloGold Ashanti, the world's third largest gold producer, jumped 4% on Thursday as South Africa's main gold producers were lifted by a spot price rally. The spot price broke the psychologically important $1 650/oz level, reversing...
The Australian  Oct 26  Comment 
Iron ore spot prices are expected to rebound to trade between $US150 ($143) and $US160 a  tonne in the next two months
The Australian  Oct 24  Comment 
RIO Tinto chief executive Tom Albanese has flagged a greater proportion of iron ore sales at spot prices.
Commodity Online  Oct 19  Comment 
NCDEX mustard seed is climbing as spot prices rule high and festive demand continues. Mustard seed October contract has climbed 2.4% to touch Rs.2894 on the NCDEX during the evening session.
BusinessWeek  Oct 18  Comment 
A slump in the polysilicon market accelerated in the past week, with spot prices for the material used in solar panels tumbling the most since June, Bloomberg New Energy Finance data show.




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Spot prices refer to the current market price of some product, usually a commodity, currency or rate, for the immediate delivery of said product. Spot prices differ from futures prices, in that a futures contract specifies an amount of money to be paid for a deliverable commodity at a later date, whereas spot prices can be thought of as the amount of money a buyer would pay a producer for the former to throw the commodity into the back of the latter's truck right now.

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