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Full details of the prices covered by this consultation can be found here.
Specifically, Fastmarkets requested comments on whether the current discount levels for European pulp have grown too high and invited open-ended feedback on potential remedies moving forward.
Feedback from the industry was mixed, with a number of potential remedies suggested by the industry including net prices and adjusting for lower discounts, as well as many calls to maintain the current gross price system.
Based on this feedback, Fastmarkets has launched a new proposal for changes to the methodology for PIX Pulp Europe here.
No changes are planned at the present time to the methodology for PIX Pulp China (net).
This open consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
You can find the current methodology for PIX Pulp Europe (gross) and PIX Pulp China (net) indices here https://www.fastmarkets.com/methodology/forest-products/.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.