Become a customer

Launch of new PIX European Prices for paper for recycling/recovered paper and Discontinuing PPI Europe Prices for similar grades – Final Decision

Fastmarkets invited feedback in an open consultation between January 24, 2024 and March 1, 2024 on the following proposed action: Expanding PIX European Recovered Paper coverage and discontinuing PPI Europe Paper for Recycling Assessments. The consultation process seeks to ensure that our proposal is handled 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.

March 4, 2024
By the Fastmarkets team
Europe Pricing consultations Pricing notice Recovered paper

Based on the feedback and support received from the industry, Fastmarkets announces it will be launching PIX pan-European monthly price coverage for the following grades, starting from April 9, 2024:

Description: PIX SOP

  • Quality: CEN 2.05.01 Sorted office paper and CEN 2.06.00 Ordinary sorted coloured letters.
  • Quantity: min 20 metric tons
  • Location: Europe
  • Incoterm: Delivered at buyer’s mill or warehouse.
  • Timing: Orders for delivery during the current month or following month at the latest
  • Unit: Euros per metric ton.
  • Payment terms: 30 days or other term of payment which is used in the majority of sales/purchases.
  • Publication: Monthly, on second Tuesday of each month at 11am CET

Description: PIX Multiprint

  • Quality: CEN 3.10.00 Multi printing. CEN 3.10.01 Medium printed multi printing can also be included if compatible in price
  • Quantity: min 20 metric tons
  • Location: Europe
  • Incoterm: Delivered at buyer’s mill or warehouse.
  • Timing: Orders for delivery during the current month or following month at the latest
  • Unit: Euros per metric ton.
  • Payment terms: 30 days or other term of payment which is used in the majority of sales/purchases.
  • Publication: Monthly, on second Tuesday of each month at 11am CET

Fastmarkets will discontinue all Paper for Recycling assessments currently featured in its PPI Europe publication from May 8, 2024 and replace therein with the full suite of PIX Recovered Paper Prices including PIX OCC 1.04 dd, PIX ONP/OMG 1.11 dd, PIX RCP Mixed 1.02 GER, and PIX SOP and PIX Multiprint.

Some industry stakeholders suggested using the term ‘Paper for Recycling (PfR)’ while others have suggested continuing to use the term ‘Recovered Paper (RCP)’.  Fastmarkets will continue to use both terms, Paper for Recycling (PfR) and Recovered Paper (RCP), while continuing to take feedback about naming conventions from all stakeholders in the supply chain. 

The above new price coverage will be in accordance with our PIX European Recovered Paper Price Indices Methodology and they will be added in the methodology document before the launch. For all published Fastmarkets FOEX pricing notices please see here.

We would like to thank everyone for all the feedback received. For comments or queries, please email hello.foex@fastmarkets.com indicating “PIX European Recovered Paper and PPI Europe Paper for Recycling Coverage” in the subject line.

What to read next
Proposal to amend frequency of Chinese magnesia prices: pricing notice
The proposal follows preliminary discussions with the market, which suggests a lack of liquidity for the commodities. The proposed new specifications are listed below, with the proposed amendment of price frequency in italics: MB-MAG-0005 Magnesia, dead burned, 97.5% MgO, lump, fob China, $/tonneQuality: Dead burned 97.5% MgO lump, bulkQuantity: Min 1,000 tonnesLocation: fob ChinaTiming: SpotUnit: $/tonnePublication: […]
April 23, 2025
 · 
By Nina Hu
Correction to chrome, manganese ore inventories on April 21
Manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou were originally published at 357 million-370 million tonnes. This has been corrected to 3.57 million-3.70 million tonnes. Chrome ore inventories at the main ports of Tianjin, Qinzhou, Lianyungang and Shanghai were originally published at 2.95 million tonnes. This has been corrected to 2.69 […]
April 22, 2025
 · 
By Justin Yang
Correction to assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range, exw domestic China
The price was incorrectly published as 68,000-685,000 yuan per tonne on Tuesday. That has now been corrected to 68,000-68,500 yuan per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of the Fastmarkets’ industrial minerals package. For more information, or to provide feedback on this correction notice, or if you […]
April 22, 2025
 · 
By Yasemin Esmen
Launch of UAE shredded steel scrap index: pricing notice
Fastmarkets has expanded its suite of Middle Eastern scrap prices with the launch of an index for domestic shredded scrap in the United Arab Emirates on Tuesday April 22. The new price will complement Fastmarkets’ existing price index for sheared HMS 1&2 scrap, delivered UAE, which was launched in October 2023. Fastmarkets’ newest ferrous scrap price […]
April 22, 2025
Correction to green steel base price, hot-rolled coil cfr Vietnam, weekly inferred on April 18, 2025
The price was correctly published as scheduled on Thursday April 17. The erroneously published price has since been retracted and regular publication will resume on Friday April 25. For more information on Fastmarkets’ holiday pricing schedule, please visit: https://www.fastmarkets.com/methodology/price-schedules/. This price is part of the Fastmarkets steel package. For more information or to provide feedback on this correction […]
April 22, 2025
Decision to discontinue China Uncoated Woodfree prices: pricing notice
Following a one-month consultation period which began on March 21 and received no feedback by April 18, Fastmarkets will discontinue eight China uncoated woodfree prices as these products are no longer active in the Chinese market.  The affected prices are as follows: FP-GP-0241 UWF, Gold Ball, 70-100g, Beijing (tax included), RMB/tonne FP-GP-0260 UWF, Gold Ball, […]
April 22, 2025
 · 
By Sarah Feng