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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.

Nov 28, 2017

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

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PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – As to the future forest use in Finland, the EU’s lulucf proposal might have seemed better earlier this autumn than what it looks right now. The Council of Ministers proposes a model where the forests in Finland would change to an emission source if the felling were to increase. This would create additional costs for the plans linked to the increasing wood use in Finland. The proposal can also be seen unequal for different member countries as some countries could still increase their forest use relatively more than others.

The total volume in our PIX Wood Finland indexes increased by a few percent from September and also from October 2016, according to the statistics delivered by the Finnish Forest Industries’ Federation. Compared to September, volumes in all grades, except birch logs, showed an increase, the highest in pine pulpwood, the lowest in spruce logs. Overall, the increase in pulpwood was over 10%, while in logs under 5%. Compared to October 2016, the total volumes increased less, only a few percent. The highest increase was in pine sawlogs, while decrease was seen in spruce pulpwood and birch. In October, our PIX Roundwood Finland price indices went to different directions. The PIX Softwood Sawlogs Finland increased by 20 cents, or by 0.35%, and settled at 56.95 EUR/m³. The PIX Birch Sawlogs Finland index value went down by 15 cents, or by 0.34%, ending at 43.36 EUR/m³. The PIX Pulpwood Finland value decreased by 6 cents, corresponding to 0.39%, with the index closing at 15.90 EUR/m³.

The PIX Wood Finland price indices are based on 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.