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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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Jul 25, 2017

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

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PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – According to the Finnish Forest Industries’ Federation, their member companies purchased 16.6 Mm³ wood from private forests during H1/2017. This is 21% higher than the 10-year average, but still 1% lower than in H1/2016. The Federation expects the conditions for wood trading to remain good also in the autumn.

The summer months are usually fairly quiet in the Finnish wood trade and despite the lively spring, the June trading volumes of the roundwood grades we monitor showed a decrease compared both to previous month and previous year, according to the statistics of the Finnish Forest Industries’ Federation. The decrease from June 2016 was around 40% for all grades, while the decrease from May 2017 was a bit less. After rising so far for each month in 2017, in June, all our PIX Roundwood Finland price indices turned southwards. The PIX Softwood Sawlogs Finland decreased by 32 cents, or by 0.56%, and settled at 56.63 EUR/m³. The PIX Birch Sawlogs Finland index value headed down by 23 cents, or by 0.54%, ending at 42.74 EUR/m³. The largest change was seen in smaller size wood, when the PIX Pulpwood Finland showed a drop of 44 cents, corresponding to 2.68%, with the index closing at 15.97 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.