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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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Apr 25, 2017

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

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PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – According to Luke, the volume of wood procurement has been record high during this year. Also, the trading of wood has been very lively. March trade volumes of those grades, which our PIX indices cover, showed a decrease compared to February 2017 by less than 10% on average, according to the statistics of the Finnish Forest Industries Federation. The decrease was seen both in logs and pulpwood. But, compared to the volume a year ago, the average increase was about 20%, by about 30% in logs and over 10% in pulpwood. All our PIX price indices for Finnish roundwood headed north. The PIX Softwood Sawlogs Finland benchmark went up by 33 cents, or by 0.59%, and settled at 56.00 EUR/m³. The PIX Birch Sawlogs Finland benchmark value increased by 6 cents, or by 0.14%, landing at 41.89 EUR/m³. The PIX Pulpwood Finland index moved up by 19 cents, corresponding to 1.19%, and closed at 16.21 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.