Pulp and paper futures on NOREXECO

Hedge closer to the price you trade, with new spot‑settled futures listed on NOREXECO

Discover the power of transparent, robust spot price assessments for European pulp, now available as futures contracts on the NOREXECO exchange.

These game-changing contracts provide market participants with a powerful tool to manage risk effectively and adapt to evolving pricing trends.

Spot represents the marginal clearing price and is more sensitive to short‑term changes in supply and demand. Better aligned with net transaction economics, and well‑suited to short‑term positioning, spreads and arbitrage strategies. 

By settling NOREXECO futures against Fastmarkets’ independently assessed spot prices for NBSK and BEK, we create a more natural bridge between the physical market and financial risk management, thereby improving transparency and supporting liquidity.

Interested in trading European and Chinese spot settled pulp futures?
Book a demo or a 15‑minute trading strategy call
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NOREXECO is a regulated commodity exchange specialised for the global pulp and paper industry; and offers trading in cash settled financial futures. These instruments are used to manage price risk for market participants like producers and consumers as well as being a trading opportunity for financial institutions and commodity trading firms.

NOREXECO listed products
Cash settlements for pulp and paper shown below are based on Fastmarkets’ independent price assessments.
EuropeChina
NBSKNBSK CIF
BHKPNBSK Shanghai
OCC 1.04BHKP Net

Find settlement prices for all products, updated once every minute, by heading to NOREXECO Market Data.

Access the NOREXECO forward curve graph here.

New pulp spot futures

Fastmarkets’ new European spot price assessments for NBSK and BEK now power spot settled futures listed on NOREXECO. These futures contracts provide producers, buyers, traders and banks with a more accurate tool to manage risk in a fast moving market.

What does futures contracts unlock for market participants?

Producers and Buyers

  • Hedge closer to realized net exposure and protect margins with greater accuracy
  • Use gross and spot references together to benchmark contracts and manage basis.

Traders and Market makers

  • Trade short‑term views, spreads and arbitrage with a price that reflects the marginal market level.
  • Price risk with confidence and help build market liquidity on an exchange‑listed, transparent instrument.

Banks and Financial institutions

  • Benefit from a settlement reference aligned to tradable values at expiry, improving hedging effectiveness, risk modelling, margining and capital allocation.
      How to access and trade on NOREXECO
      Participants can become Trade Members to access the electronic trading system directly or transact via the NOREXECO Market Service Desk. The exchange supports you through the onboarding process and in finding the best way to connect.
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