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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.

Dec 27, 2018

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

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PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – The sawn timber production increased by 1% during January-November period in Finland and was 11.1 Mm³, according to Finnish Sawmills. However, the export volumes have decreased by 7% during the first three quarters of the year. After the first half of the year the Chinese and Egyptian market demand for sawn timber has decreased.

The wood trading volumes in November showed less growth than previously this fall, according to the wood trade statistics from the Finnish Forest Industries Federation. The total volume of the grades covered by our indices went up by a minor 2% from the previous month, and by about 13%, y-o-y. Compared to November 2017, all individual grades, except for spruce pulpwood, showed growth. Log grades and pine and birch pulpwood volumes improved by about 10-20% but spruce pulpwood sales decreased by almost 15%. From the previous month, the volumes went up by 8% in spruce logs and 4% in pine pulpwood, while other grades showed a decrease of a few per cent. On the price front, conifer sawlog prices continued to head north, while pulpwood prices showed a minor decrease and birchlog prices a bit larger drop. The PIX Softwood Sawlogs Finland index value moved up by 42 cents, or by 0.65%, and settled at 65.01 EUR/m³. The PIX Birch Sawlogs Finland index value decreased by 49 cents, or by 1.04%, ending at 46.82 EUR/m³. The PIX Pulpwood Finland benchmark value turned its course round again and headed down this time by 7 cents, corresponding to 0.38%, with the index closing at 18.19 EUR/m³.

The PIX Wood Finland price indices are based on the monthly wood trade data by the Finnish Forest Industries Federation, 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.