Backwardation is the opposite of contango, representing a situation in which the spot price is higher than the price for future delivery.

现货溢价正好和期货溢价相反，表示现货价格高于期货价格的一种情况。

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Iron ore is now sold on quarterly contracts at a price closely linked to spot markets.

目前铁矿石每季度签订合同，同时其价格和现货市场价格紧密相连。

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He gave big industrial customers the freedom to buy electricity under contract from the cheapest provider, or directly from the national grid at a spot price.

ECONOMIST: Unified Energy Systems

This resulted in a decline in the spot price.

FORBES: ArcelorMitttal Cuts Production As Steel Demand Falls

Watson said parks near the state's urban centers are especially popular, because camping can be an inexpensive way for someone to visit a city like San Francisco, where hotels can cost 10 or 20 times the price of a camping spot.

CNN: In a slump, camping comes into vogue