Proposal to discontinue Log Lines prices for Region 4 logs

This consultation, which is open until March 21, 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.

February 21, 2024

Fastmarkets welcomes your feedback on the following action: Prices for Region 4 logs in Log Lines will be discontinued, as those prices are generated by a third party and we no longer use third party information. Region 4, or the “Inland Region” includes:

Washington counties: Asotin, Columbia, Ferry, Garfield, Pend Oreille, Spokane, Stevens, Whitman.
Idaho counties: Adams, Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce, Shoshone, Valley.
Montana counties: Beaverhead, Deer Lodge, Flathead, Glacier, Granite, Lake, Lewis and Clark, Lincoln, Mineral, Missoula, Pondera, Powell, Ravalli, Sanders, Silver Bow, Teton.

You can find the current methodology for Log Lines here.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter, please contact pricing.risi@fastmarkets.com. Please add the subject heading ‘FAO: “Proposal to Discontinue Log Lines Prices for Region 4.” 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 April 21, 2024, including a summary of the feedback with the exception of those marked as confidential.

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