Proposal to launch daily SYP price

Fastmarkets proposes to increase the frequency of assessment for Southern Yellow Pine #2 2x4 (eastside) with a new daily price.

Increased price volatility over the past several years has resulted in more frequent and severe changes to reported prices of Southern Yellow Pine. Market feedback suggests that increasing the frequency of the reported price of Southern Yellow Pine #2 2×4 (eastside) from its current Tuesday and Thursday publication to five times a week would provide the market with a clearer view of short-term market trends.

The potential daily price would represent a standard 8-20-foot random tally, consistent with the price reported in the Random Lengths lumber and midweek reports.

Initial feedback in favor of the change resulted in Fastmarkets piloting a daily price internally. In accordance with published methodologies, price reporters have compiled daily price data for this item since early January 2023.

Fastmarkets invites additional feedback on the proposed daily price until Monday, April 10. Fastmarkets will notify the market of its decision regarding the daily price and any proposed timeframe for the rollout on April 17.

Should market feedback prove supportive of a daily price for this item, an implementation date will be determined at that time. If the daily price moves forward, Fastmarkets will publish a price history for the item dating back to the start of the internal pilot period.

The price under consideration for a daily assessment is:

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter, please email pricing@fastmarkets.com. Please add the subject heading ‘FAO: Joe Pruski, re: SYP daily price.’

To see all Fastmarkets RISI pricing methodology and specification documents see here.

To see all Fastmarkets RISI pricing notices please see here.

What to read next
Fastmarkets proposes to launch Nordic sawn timber export prices for selected European markets and grades, while discontinuing the PIX Sawn Timber FAS Finland indices. The PIX sawn timber FAS Finland indices have not been widely adopted by the industry and the new price assessments will offer more end-market-specific data for major European markets and will […]
To increase transparency, Fastmarkets has further clarified how it handles price movements during periods of low liquidity. Factors that Fastmarkets may consider during times of low liquidity include, but are not limited to: market fundamentals such as changes in inventory levels, shipments, operating rates and export volumes; relative fundamentals of similar commodities in the same […]
Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging GCC indices via an open consultation process between April 16 and May 14, 2025. This consultation was done as part of our published annual methodology review process. Full details of the prices covered by this consultation can be found here. No feedback […]
Fastmarkets is inviting feedback from the industry on the pricing methodology for the PIX Forest Biomass Finland price indices, as part of its announced annual methodology review process. This consultation, which is open until June 12, 2025, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the […]
The publication of the following price was delayed for 10 minutes: MB-ALU-0002 Alumina index, fob Australia, $/tonne This price is a part of the Fastmarkets Base Metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter […]
Fastmarkets proposes to amend the frequency of Taiwan base metals prices from biweekly to monthly, and the delivery timing for the tin 99.99% ingot premium from two weeks to four weeks.