COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Consultation

Fastmarkets FOEX is unifying its methodology and policies for all PIX indices to comply with Fastmarkets’ internal guidelines and the IOSCO principles. Along with this development, some index collection criteria will not fully fulfil these policy requirements.

Fastmarkets FOEX is considering the following changes to its PIX Woodchip indices:

  • Discontinue the PIX Hardwood Chip Asia on Jan 22, 2020.
  • Discontinue the PIX Softwood Chip Global on Jan 22, 2020.

The main rationale for this change is that PIX Woodchip indices include data delivered by 3rd parties and cannot be linked to individual companies.

Fastmarkets FOEX will undergo a consultation on this proposal, with the potential that the last index will be published on Jan 21, 2020.

For comments and queries, please email hello.foex@fastmarkets.com, by December 20, 2019, indicating “PIX Woodchip Indices” in the subject line of the email.

What to read next
Fastmarkets has corrected its MB-STS-0259 stainless steel scrap 316 solids domestic, delivered merchants UK, £/tonne price assessment, which was published incorrectly on Friday June 14.
Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.
The publication of Fastmarkets’ Vietnamese steel scrap import assessments for Friday June 14 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
In the open consultation, Fastmarkets FOEX did not propose any changes, and there was no feedback received during the process. No material changes were made to the current methodology. A newly dated methodology document has been posted here.
The publication of Fastmarkets’ aluminium scrap and secondary aluminium ingot price assessments for Wednesday June 12 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.