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FOEX Indexes Ltd is an independent company providing audited, trade-mark registered pulp, paper, recovered paper and wood based biomass price indices.

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May 23, 2017

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

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PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – According to the Finnish Sawmills Association, even though wood trading has been lively, the supply of sawlogs has been tight with risen prices. This combined to the decreased sawn timber prices has created difficulties for the sawmills. April trading volumes of those grades, which our PIX indices cover, showed a decrease compared to March 2017 by over one third on average, according to the statistics of the Finnish Forest Industries Federation. The decrease was seen both in logs and pulpwood, with the latter showing a larger drop. Compared to the April volume a year ago, the average decrease was over 20%, being higher in pulpwood than logs. Despite the lower volumes, all our PIX price indices for Finnish roundwood kept heading north. The PIX Softwood Sawlogs Finland benchmark went up by 58 cents, or by 1.04%, and settled at 56.58 EUR/m³. The PIX Birch Sawlogs Finland benchmark value increased by 4 cents, or by 0.10%, landing at 41.93 EUR/m³. The PIX Pulpwood Finland index moved up by 13 cents, corresponding to 0.80%, and closed at 16.34 EUR/m³.

The PIX price indices are based on monthly wood trade data, which we convert to a volume-weighted 3-month revolving average for our benchmark values, after removing the extreme highs and lows before the index calculation. Due to changes in the publication of the monthly figures by Luke (Natural Resources Institute Finland), the index values were calculated using the monthly data received directly from the Finnish Forest Industries Federation. The data is mainly the same as used in Luke’s statistics.