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 following prices were affected: MB-STE-0007 Steel hot-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0005 Steel cold-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0006 Steel hot-dipped galvanized coil domestic monthly, exw Brazil, reais/tonne MB-STE-0008 Steel reinforcing bar (rebar) domestic monthly, delivered Brazil, reais/tonne These prices are a part of the Fastmarkets steel package. For more information or to provide […]
Fastmarkets proposes to discontinue the following duplicate prices, which were previously assessed on a US timestamp and also assessed in Asia, to better reflect observed market liquidity and based on previously received market feedback. Fastmarkets assessed these markets in both the US and Asia following the acquisition and merger of The Jacobson and Palm Oil […]
Fastmarkets has proposed several changes to the methodologies for its suite of global palm and lauric oil methodologies to give more insight into how these prices are assessed. It is also clarifying the timing and monthly rolls of several assessments. Fastmarkets has observed growth and market interest in these prices and wishes to give more […]
On Wednesday December 3, the EU unveiled its ReSourceEU Action Plan, providing new guidance on critical raw materials supply, with a renewed emphasis on defense and $3.5 billion in funding for the coming year.
Fastmarkets proposes to amend the pricing frequency of its copper grade A cathode premium, delivered Germany; copper grade A cathode premium, cif Leghorn; and copper EQ cathode premium, cif Europe to one a week from the current fortnightly basis, effective December 30.
The following prices were affected: MB-STE-0916 Green steel domestic, differential to US HRC, fob mill, $/short ton MB-STE-0917 Green steel base price, hot-rolled coil fob US mill, weekly inferred, $/short ton These prices are a part of the Fastmarkets steel package. For more information or to provide feedback on the delayed publication of this price or if […]