Fastmarkets proposes launch of 102 new North American delivered wood pallet prices, renaming six existing prices

Fastmarkets is proposing to change the names of six current softwood pallet prices and add 102 new softwood pallet price assessments covering the North American market, effective July 29.

Proposed name changes from “delivered New York City” to “delivered Tri-State” and “delivered Seattle” to “delivered Pacific Northwest” are in response to industry feedback that regional market differences in the newly defined locations are negligible. Please note that Fastmarkets is changing the names, not the price formation process.

Proposed name changes are as follows, with proposed amendments in italics:

FP-LBR-2232 Pallets, softwood, new GMA, delivered Tri-State, $/pallet
FP-LBR-2239 Pallets, softwood, used grade-A GMA, delivered Tri-State, $/pallet
FP-LBR-2245 Pallets, softwood, used grade-B GMA, delivered Tri-State, $/pallet
Size: 48×40
Species: Softwoods
Location: delivered Tri-State (New York City, New Jersey, Eastern Pennsylvania, Long Island)
Grades: GMA new (FP-LBR-2232), GMA used grade-A (FP-LBR-2239), GMA used grade-B (FP-LBR-2245)
Unit: $/pallet
Timing: Data collected until publication
Payment terms: Cash terms; no discounts
Publication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific Time
Note: Prices are reported in a range.

FP-LBR-2235 Pallets, softwood, new GMA, delivered Pacific Northwest, $/pallet
FP-LBR-2242 Pallets, softwood, used grade-A GMA, delivered Pacific Northwest, $/pallet
FP-LBR-2248 Pallets, softwood, used grade-B GMA, delivered Pacific Northwest, $/pallet
Size: 48×40
Species: Softwoods
Location: delivered Pacific Northwest (Seattle, Portland)
Grades: GMA new (FP-LBR-2235), GMA used grade-A (FP-LBR-2242), GMA used grade-B (FP-LBR-2248)
Unit: $/pallet
Timing: Data collected until publication
Payment terms: Cash terms; no discounts
Publication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific Time
Note: Prices are reported in a range.

In addition to changing naming conventions for existing assessments, Fastmarkets is proposing to launch 102 new assessments of new GMA, used grade-A GMA and used grade-B GMA pallets across 34 delivered locations. The addition of new delivered locations will provide nationwide softwood GMA pallet coverage.

A full list of new proposed assessments can be found here.

Specifications for proposed assessments are as follows:

Pallets, softwood, new GMA, delivered, $/pallet
Size: 48×40
Species: Softwoods
Location: delivered (see list)
Grades: New GMA
Incoterm: DDP
Timing: Data collected until publication
Payment terms: Cash terms; no discounts
Publication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific Time
Note: Prices are reported in a range.

Pallets, softwood, used grade-A GMA, delivered, $/pallet
Size: 48×40
Species: Softwoods
Location: delivered (see list)
Grades: Used grade-A GMA
Incoterm: DDP
Timing: Data collected until publication
Payment terms: Cash terms; no discounts
Publication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific Time
Note: Prices are reported in a range.

Pallets, softwood, used grade-B GMA, delivered, $/pallet
Size: 48×40
Species: Softwoods
Location: delivered (see list)
Grades: Used grade-B GMA
Incoterm: DDP
Timing: Data collected until publication
Payment terms: Cash terms; no discounts
Publication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific Time
Note: Prices are reported in a range

The consultation period for the proposal to launch new assessments and change the names of existing assessments begins Tuesday June 16 and will end on July 15. New assessments and changes to existing names will take effect on July 29, subject to industry feedback.

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact pricing@fastmarkets.com and wood@fastmarkets.com. Please add the subject heading “re: Softwood pallet expansion.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.

What to read next
Fastmarkets has corrected its FP-PLP-0016 Pulp, fluff (US southern kraft, untreated, rolls), delivered US East, $/tonne, and FP-PLP-0009 Pulp, fluff, US southern kraft untreated rolls, cif Europe, $/tonne, which were published incorrectly on Friday June 12.
The price assessment of AG-CCN-0003 crude coconut oil, fob Philippines, $/tonne will be published as normal for June 17.
Fastmarkets has corrected its CBAM Certificate Builder, €/tCO2e and CBAM Certificate Index, €/tCO2e for June 15 due to a backend calculation error.
Fastmarkets has corrected the May monthly average for AG-SC-0001 Sausage casings, resale, European hog runners, whiskered, ex-works Europe, €/strand due to a procedural lapse.
The proposal can be found here. Why has Fastmarkets issued a price consultation for the 65% Fe iron ore index? This is to ensure that the 65% Fe iron ore index continues to reflect the reality of the physical spot market, as well as to capture more data points for the index.   Will the […]
US linerboard prices are set to rise again this month, marking a rare second formal increase in four months amid permanent capacity cuts and climbing manufacturing costs.