Selling on the spot market

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Hi,

We have shifted production from one company to the other and ended up with a substantial component surplus.

I've heard about the spot market but never been directly involved before. How do I sell components on the spot market? Which are the trade sites?

Any tip welcome!

Kind regards
Bjorn

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HAve this post moved to the Trading Forum by th emoderators and list what you want to unload, and prices.

EBAY is anothere option.

JIm

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The only reference to the spot market I'm aware of is in conjunction with commodity futures contracts.

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Quote:

HAve this post moved to the Trading Forum by th emoderators

I thought about moving it already but it seems a general question that future readers may be interested to know the answer to (I am). Anything in Trading Post gets deleted within a week or two.

However if OP wants to list what he has for sale in case anyone here is interested then, yes, that should be done in Trading Post. (there'd be a far higher rate of return than doing it via component brokers - you're probably likely to only get 10% or similar that way).

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At least in the U.S., the term "spot market" is generally associated with commodity (corn, soy beans, oil, etc) trading. So, I don't think that is a useful term.

Instead, I think you want to look for any channel where individuals and small businesses can sell, more or less directly, to purchasers. As mentioned, e-bay is one of those; any other similar but well known channel should be valid.

Various "trading post" sites provide targeted sales to people interested in specific materials (electronic components, in this case). Again, as noted, there is a "Trading Post" forum, here, for just such purposes. It is likely that other electronic-themed forums provide such a service.

Just choose one and go. The general rule is that there is no one "best one" in the same sense that there is no one "best compiler".

Jim

Jim Wagner Oregon Research Electronics, Consulting Div. Tangent, OR, USA http://www.orelectronics.net

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Quote:

the term "spot market" is generally associated with commodity (corn, soy beans, oil, etc) trading.

There's also the same term for both Flash and DRAM - but that's generally just a trade index showing how much your PC is going to cost in the next 6-12 months. You can see the DRAM and Flash spot prices here:

http://www.dramexchange.com/

I think what OP is really looking for is a "component broker"

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Hi Bjorn,

This is the only one that I remember.

HTH,

Ross

Ross McKenzie ValuSoft Melbourne Australia

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Yes, component broker or component buyer are more appropriate terms.

Jim

Jim Wagner Oregon Research Electronics, Consulting Div. Tangent, OR, USA http://www.orelectronics.net

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Hi all,

Thanks for many good suggestions! Seems that the universal site I was looking for doesn't exist. (Well, except for AVR Freaks that is :-) )

I'll do a post in the trading forum.

Cheers
/Bjorn