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 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
The publication of Fastmarkets’ MB-CO-0004 cobalt alloy grade, in-whs Rotterdam and MB-CO-0005 cobalt standard grade, in-whs Rotterdam assessments for Friday July 12 were delayed because of a technical error. Fastmarkets’ pricing database has been updated.
Feedback was received during the consultation period of an immaterial nature that would not impact the result of price assessments. Therefore, while no material changes will be made to the methodologies at this stage, clarification indicating that the Effective List price treats changes in annually established discounts during the year as changes in the price. […]
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 […]
In the methodology price specifications, the shorter names PIX Testliner GCC and PIX Fluting GCC will be used instead of PIX Containerboard Testliner Delivered GCC USD/tonne and PIX Containerboard Fluting Delivered GCC USD/tonne. No other changes have been made to the index methodology. For comments and queries, please email, indicating “PIX Packaging GCC” in […]
Fastmarkets advises that, as of Wednesday July 10, certain monthly North American ferrous scrap assessments had yet to be settled.
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday July 8 due to an error.