Open consultation on annual methodology review for PIX Sawn Softwood Timber FAS Finland indices

Fastmarkets is inviting feedback from the industry on the pricing methodology for the PIX Sawn Timber Pine FAS Finland and PIX Sawn Timber Spruce FAS Finland indices, including their sub-indices, as part of its announced annual methodology review process.

February 5, 2025

By Tuomo Neuvonen

This consultation, which is open until March 5, 2025, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

Fastmarkets welcomes feedback on how to treat quarterly contracts in the monthly index calculation.

You can find the current methodology for PIX Sawn Softwood Timber FAS Finland here: https://www.fastmarkets.com/methodology/forest-products/pix-sawn-timber-finland-methodology-and-specifications

Please send responses in writing, preferably in electronic format, to the following address: pricing@fastmarkets.com. Please add the subject heading ‘PIX Sawn Softwood Timber FAS Finland annual review, 2025’. Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by March 19, 2025, including a summary of the feedback – except for those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.