Open consultation on annual methodology review for PIX Packaging GCC (Middle East) Price Indices: pricing notice

Fastmarkets is inviting feedback from the industry on the pricing methodology for its Middle East PIX Packaging GCC indices as part of its announced annual methodology review process.

This consultation, which is open until May 14, 2025 seeks 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 and specifications for PIX Packaging GCC price indices here: https://www.fastmarkets.com/methodology/forest-products/pix-packaging-gcc-methodology-and-specifications/

The prices subject to this annual review are as follows (market symbol, index name):

Please send responses in writing, preferably in electronic format, to the following address: pricing@fastmarkets.com. Please add the subject heading ‘PIX Packaging GCC Indices annual review, 2025’. Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by May 28, 2025, including a summary of the feedback – with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology

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