Open consultation on methodology for European Packaging Paper and Board; proposed changes to sack kraft assessments

Fastmarkets is inviting feedback from the industry on the pricing methodology for European Packaging Paper and Board as part of its announced annual methodology review process.

Fastmarkets is inviting feedback from the industry on the pricing methodology for European Packaging Paper and Board as part of its announced annual methodology review process.

This consultation, which is open until August 31, 2024 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 for European Packaging Paper and Board here: https://www.fastmarkets.com/methodology/forest-products/europe-packaging-paper-and-board/.

As part of this consultation and following discussion with market participants, Fastmarkets would specifically like to propose launching new price assessments for bleached and unbleached European sack kraft.

Following extensive market research, Fastmarkets is proposing this change to provide assessments more in line with actual market prices. The current assessments will be archived after running in parallel with the new assessments for a period to allow stakeholders to adjust to the new price assessments. During this period, a fixed differential established at the launch will be applied between the two assessments.

The proposed specifications for European sack kraft is as follows:

European sack kraft (new)

Quality: Bleached and unbleached paper, 80-g+

Location: France, Germany, Italy, Spain and the United Kingdom

Timing: Orders taken in the month to date for shipment in the current month or the following month

Unit: Tonne

Payment terms: Free delivered

Publication: Quarterly

The consultation period for this proposed launch starts from July 11, 2024 and will end on August 31, 2024. The launch will take place, subject to market feedback, on January 30, 2025.

Fastmarkets will publish the outcome of this methodology review by October 24, 2024, including a summary of the feedback – except 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 provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Ben Fisher by email at: pricing.risi@fastmarkets.com.

Please add the subject heading ‘FAO: Ben Fisher, re: European Sack Kraft’. 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 https://www.fastmarkets.com/methodology/forest-products.

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
UK-based transport fuels supplier Greenergy announced on Thursday July 10 that it will begin the consultation process to cease production at its biodiesel plant in Immingham, in the northeast of the country, in the latest blow to the UK's renewable fuel sector.
Understand how recent tariff decisions are affecting the European pulp and paper industry and trade with the US market.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Key talking points from the 75th anniversary event of European steel distributors’ association Eurometal, held July 2-3 in Luxembourg and attended by Fastmarkets.