Discontinuing the PIX Pellet Nordic index – Final Decision

As previously proposed and following a consultation, Fastmarkets FOEX has decided to discontinue the PIX Pellet Nordic index. Fastmarkets FOEX will publish the last index on May 21, 2024.

Fastmarkets FOEX carried out a market consultation regarding this change to PIX Pellet Nordic, and PIX Pellet Nordic SEK from November 9, 2023, to December 21, 2023. We received feedback supporting the proposed discontinuation but also some against it. The ones against were mostly generally dissatisfied with the proposal but no respondent said that the index is actively commercially used by the industry at present. One respondent suggested that there could be possibilities for index modification instead of discontinuation. However, the proposed changes would be more feasible in a totally new index, instead of through methodology and specification modification. Fastmarkets FOEX would like to thank all respondents for their feedback.

For comments or queries, please email hello.foex@fastmarkets.com indicating “PIX Pellet Nordic” in the subject line of the email.

Fastmarkets FOEX

What to read next
The premium has been corrected to $510-540 per tonne, after being incorrectly published at $515-540 per tonne, due to a reporter error. Fastmarkets’ pricing database has been updated to reflect this change. Due to the same error, MB-AL-0378 was incorrectly published at $547.50 per tonne, it has now been changed to $545 per tonne. In addition, MB-AL-0386 was […]
The price has been corrected to €699.38 per tonne, after being incorrectly published at €696.88 per tonne, due to a reporter error. Fastmarkets’ pricing database has been updated to reflect this change. Due to the same error, both MB-STE-0892 steel hot-rolled coil index domestic, exw Italy, €/tonne and MB-STE-0028 steel hot-rolled coil index domestic, exw Northern […]
The publication of Fastmarkets' price assessments for MB-FEO-0004 molybdenum, MB drummed molybdic oxide Mo, in-whs Busan; MB-FEO-0003 molybdenum, drummed molybdic oxide, 57% Mo min, in-whs Rotterdam; and MB-FEO-0001 ferro-molybdenum, 65% Mo min, in-whs Rotterdam, was delayed on Tuesday July 14 due to a technical issue.
Fastmarkets has launched a São Paulo secondary aluminium billet premium on Tuesday July 14.
Fastmarkets’ MB-CO-0005 Cobalt standard grade, in-whs Rotterdam and MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam price assessments were published ahead of schedule because of an approver error.
Fastmarkets would like to clarify and reiterate several methodological items of its alloy-grade (MB-CO-0004) and standard-grade (MB-CO-0005) cobalt metal in-whs Rotterdam assessments.