COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Final Decision

HELSINKI, June 17, 2020 (PIX Bioenergy and Wood Indices) – Fastmarkets FOEX invited feedback from the industry on the pricing methodologies for its PIX Forest Biomass Finland price indices, as part of its newly announced annual methodology review process.

As part of this open consultation, to expand the coverage on the Finnish bioenergy sector, Fastmarkets FOEX proposed additions to its PIX Forest Biomass Finland index and its sub-indices. Most of the comments agreed on the suggested regions and the new sub-index for logging residues. There were some comments about small adjustments on the region division as well as generally regarding the indices.

As the feedback was generally positive, Fastmarkets FOEX will go forward with the plan and the following additions will be made for PIX Bioenergy and Wood Indices:

  • Regional indices to PIX Forest Biomass Finland Index and selected ones of its sub-indices (forest chips, sawdust, bark) will be added. The final selection of the sub-indices will be based on test data collected during the coming months.
  • A separate official sub-index for logging residues will be published, and possibly, based on the test data, also regional indices for this sub-index
  • Based on the feedback during the consultation and comments from the price data contributors, Fastmarkets FOEX decides the regional division to go along the line from Vaasa to Imatra dividing Finland in two (west/south and east/north)

The changes are planned to take effect starting in October 2020 (based on August data).

For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Forest Biomass Finland” in the subject line of the email in English, Finnish or Swedish.

What to read next
The publication of Fastmarkets’ MB-CO-0004 cobalt alloy grade, in-whs Rotterdam and MB-CO-0005 cobalt standard grade, in-whs Rotterdam assessments for Friday July 12 were delayed because of a technical error. Fastmarkets’ pricing database has been updated.
Feedback was received during the consultation period of an immaterial nature that would not impact the result of price assessments. Therefore, while no material changes will be made to the methodologies at this stage, clarification indicating that the Effective List price treats changes in annually established discounts during the year as changes in the price. […]
Fastmarkets is inviting feedback from the industry on the pricing methodology for European Packaging Paper and Board as part of its announced annual methodology review process. This consultation, which is open until August 31, 2024 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization […]
In the methodology price specifications, the shorter names PIX Testliner GCC and PIX Fluting GCC will be used instead of PIX Containerboard Testliner Delivered GCC USD/tonne and PIX Containerboard Fluting Delivered GCC USD/tonne. No other changes have been made to the index methodology. For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Packaging GCC” in […]
Fastmarkets advises that, as of Wednesday July 10, certain monthly North American ferrous scrap assessments had yet to be settled.
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday July 8 due to an error.