First quarter current account balance up 6% at RM31.4bil Jul 1, 2009
8bil recorded previously, as the decline in exports f.o.b. (free on board) outpaced that of imports f.o.b.. Exports f.o.b contracted by RM29. (The Star Online, Malaysia -- Business)
China ready to give ground in iron ore talks Jul 1, 2009
Spot iron ore prices have leapt by a fifth in just a month, to a 4-month high above $US80 a tonne delivered in China, equivalent to around $US65 free on board. This is higher than the contract price of $US61 Japanese and South Korean mills pay. (Sydney Morning Herald -- Business)
Duty on cotton exports may go Jun 20, 2009
Under the VKGUY scheme, exporters are entitled to a 5% duty credit on the free on board (FOB) value of their shipments. So, if a company exported goods worth Rs 100 crore it can claim duty relief of up to Rs 5 crore on goods it imports. (India Times)
Walter Energy grows profit, beats Street May 1, 2009
24 per short ton FOB port, or free on board where the seller pays for transportation, versus 1. 5 million tons at an average price of $84. (Tampa Bay Business Journal, FL)
Russia steel protection has suicide look Apr 1, 2009
The Troika report warns that "the recovery in demand for CIS [former Soviet Union countries] steel from Far East customers was doomed to be over very soon, which is exactly what we are seeing happen now. Russian export prices have visibly weakened in the last two weeks, with billets and slabs falling through the psychological barrier of $350/tonne. We estimate that $250-$280/tonne on an FOB [free on board] basis should be the break-even point, even for low-cost integrated producers like... (Asia Times Online)
RI signs deal with Japan on gas sales extension Feb 14, 2009
For the first five years, three million tons of LNG will be shipped to Japan per year with two million tons being transported under CIF (Cost Insurance Freight) and another one million tons under FOB (Free on Board). For the second five years, two million tons of LNG will be delivered per year with one million tons being transported under CIF and the other one million under FOB.. (Jakarta Post, Indonesia -- Business)
* Bicycle makers expect 10% sales growth Mar 15, 2008
Jeffrey Sheu (\), special assistant and spokesman for Giant Inc's general office, said the company's average unit free on board (FOB) price for exports from Taiwan rose from US$325 in 2006 to US$330 last year, and would increase further this year. The Taipei International Cycle Show at the newly opened Taipei World Trade Center Nangang Exhibition Hall, runs through Sunday. (Taipei Times, Taiwan -- World)
* China Steel Corp raises prices Mar 7, 2008
The price hike announcement comes amid supply concerns after US iron ore prices surged, with prices of hot-rolled products reaching US$805 per tonne FOB (free on board) or export prices, China Steel said. Steel prices also soared to record levels in Europe, where export prices for hot-roll items have recently increased to as much as US$900 per tonne, it said. (Taipei Times, Taiwan -- World)
Iraq Buys 700,000 Tons US, Australian, Canadian Wheat-Traders Mar 2, 2008
The state-run Grain Board of Iraq bought 700,000 metric tons of U.S., Australian and Canadian wheat at prices ranging between $500 a ton, free on board, to $670/ton, cost and freight, for delivery in April and May, traders close to the board said Thursday. They said Iraq bought 400,000 tons of U.S. hard red winter wheat. (Yahoo News -- Iraq)
World fertilizer prices soar as food and fuel economies merge Feb 20, 2008
Public release date: 19-Feb-2008. Contact: Thomas Hargrove. (EurekAlert! -- Business News)
Palm's Centro Smartphone Worth Low Price Oct 16, 2007
There's 65MB free on board, and the device offers support for MicroSD cards up to 4GB. My Kingston 4GB card worked fine. Like most Palm OS devices, the Centro feels really fast. (Fox News)
When a great bargain isn't always a good buy Sep 28, 2007
From the Los Angeles Times. COLUMN ONE Knocked off by a bargain A consumer reporter learns the whole world is a street corner when he shops online for a set of earphones and finds a price too good to be true. (FOX59, IN)
Myanmar to open 2nd largest border trade zone Sep 24, 2007
Besides Myawaddy, Myanmar also trades with Thailand at Tachilek, Kawthoung and Meik (Free on Board) under the border trade system. In May this year, another Myanmar border trade zone of Maungtawin western Rakhine state linking Bangladesh formally opened to mainly export marine products to the neighbor, local reports said earlier. (Xinhuanet, China)
India's Soybean Meal Exports May Increase on Larger Crops, Higher Prices Sep 22, 2007
Some Indian traders have contracted to sell about 750,000 tons of soybean meal from the new crop at an average $300 a ton free on board for shipments in November to some Southeast Asian countries, Jain said. India's soybean harvest may rise to 8. (Bloomberg -- Asia)
Pawar saved the day on wheat front Sep 17, 2007
US wheat prices reached record highs at $334/tonne Free on Board (FOB) as a result of tightened supplies from major exporters (EU-27, Canada, and Ukraine), concerns about crop prospects in Argentina and Australia, and fears of Russian export restrictions. Despite high prices, global demand has not subsided and the current export pace for the United States is a blistering 23% higher than last year. (Economic Times)
Platts Launches Chinese Language Real-Time Petroleum Information Service Aug 1, 2007
"And by doing so, Platts is helping to meet the need for greater transparency and efficiency in markets globally." Platts price assessments are recognized as benchmarks for the world's physical energy market including China's import market which uses the Free On Board (FOB) Singapore Platts high sulfur fuel oil assessments as the benchmark reference price for vital fuel oil supplies arriving in the ports of China. China's energy professionals also look to Platts to provide benchmark values for... (PR Newswire)
India significantly slows purchases of SA coal Jul 3, 2007
India's emergence as an unexpectedly strong buyer this year, seeking to replace lost tonnage from China and Indonesia, pushed prices up from $47 (R332) free on board (FOB) Richards Bay in January to last week's high of about $61. "Prices are already falling. There was a trade today at less than $57. Nobody in India is buying, nobody in Europe wants to buy, so, the prices must fall further," one Indian trader said. (Business Report, South Africa)
Pallinghurst ups ConsMin offer Jun 25, 2007
35 FOB (free on board) from previous guidance of $US2. 30. (The Age)
Oriel Resources' Voskhod Chrome Project wins 2006 European Mining Deal of the Year Mar 15, 2007
Market expert, Heinz Pariser of Alloy Metals and Steel and Market Research has set a price forecast for 48% Cr2O3 Kazakhstan chrome ore from 2006 to 2015 as between US$154 and US$224 per tonne in Kazakhstan, free on board at railhead at Russian border. Approximately one-third of Voskhod's beneficiated chrome ore production is destined for Oriel's own Tikhvin ferrochrome smelter in Russia, leaving the other two thirds of Voskhod's production for sale to other producers. (CCNMatthews Press Releases)
