PRICING NOTICE: Open consultation on methodology for Global Pulp – Final Decision

Fastmarkets RISI invited feedback from the industry on the pricing methodology for Global Pulp, via an open consultation process between May 20 and June 18, 2021. This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period.

This 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.

At the same time, Fastmarkets RISI proposed to adjust the timing specification for pulp imports to China as follows:

– Current wording – Timing: Orders in the week prior to publication for delivery in the next three months.

– Proposed new wording – Orders in the week prior to publication for delivery in the current month or following month.

This is to bring specifications in line with other Fastmarkets prices and to make clear that orders for delivery further forward are not included in the assessment. Fastmarkets RISI will now proceed with this proposed change, which will take effect from September 1, 2021.

You can find the current methodology for Global Pulp here.

The next annual open consultation for Global Pulp will take place in May/June 2022.


What to read next
Fastmarkets has launched its MB-NIO-0006 laterite ore with 1.3% Ni content, cif China price assessment on Friday April 12.
Fastmarkets will amend the frequency of its price assessments for MB-STE-0879 Steel scrap H2 Japan origin import, cfr South Korea and MB-STE-0880 Steel scrap HMS 1&2 (80:20) deep-sea origin import, cfr South Korea on Friday April 12.
Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. Fastmarkets FOEX did not propose any changes to the methodology. The feedback was fully supportive of the current methodology. To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document […]
Fastmarkets has corrected its MB-STE-0894 steel scrap HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey, $/tonne, which was published incorrectly on Wednesday April 10.
Fastmarkets is launching a 30-day consultation to relist its assessment of the MB-STE-0309 steel scrap machine shop turnings, consumer buying price, delivered mill Pittsburgh.
Fastmarkets has corrected its MB-CU-0302 copper scrap No1 copper, buying price, delivered to brass mill US, US cents/lb, which was published incorrectly on Tuesday April 9.