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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, $/palletFP-LBR-2239 Pallets, softwood, used grade-A GMA, delivered Tri-State, $/palletFP-LBR-2245 Pallets, softwood, used grade-B GMA, delivered Tri-State, $/palletSize: 48×40Species: SoftwoodsLocation: 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: $/palletTiming: Data collected until publicationPayment terms: Cash terms; no discountsPublication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific TimeNote: Prices are reported in a range.
FP-LBR-2235 Pallets, softwood, new GMA, delivered Pacific Northwest, $/palletFP-LBR-2242 Pallets, softwood, used grade-A GMA, delivered Pacific Northwest, $/palletFP-LBR-2248 Pallets, softwood, used grade-B GMA, delivered Pacific Northwest, $/palletSize: 48×40Species: SoftwoodsLocation: 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: $/palletTiming: Data collected until publicationPayment terms: Cash terms; no discountsPublication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific TimeNote: 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, $/palletSize: 48×40Species: SoftwoodsLocation: delivered (see list)Grades: New GMAIncoterm: DDPTiming: Data collected until publicationPayment terms: Cash terms; no discountsPublication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific TimeNote: Prices are reported in a range.
Pallets, softwood, used grade-A GMA, delivered, $/palletSize: 48×40Species: SoftwoodsLocation: delivered (see list)Grades: Used grade-A GMAIncoterm: DDPTiming: Data collected until publicationPayment terms: Cash terms; no discountsPublication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific TimeNote: Prices are reported in a range.
Pallets, softwood, used grade-B GMA, delivered, $/palletSize: 48×40Species: SoftwoodsLocation: delivered (see list)Grades: Used grade-B GMAIncoterm: DDPTiming: Data collected until publicationPayment terms: Cash terms; no discountsPublication: Monthly, last Wednesday of each month, 2:30-3:30pm Pacific TimeNote: 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.