What is FOEX Indexes?

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

Feb 27, 2018

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

Copyright©FOEX Indexes Ltd.

PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – Industrial roundwood removals in Finland in 2017 were 61.3 Mm³, according to Luke statistics. This is over 6% more than in 2016, and one of the highest annual figures in history. Removals of both logs and pulpwood increased about 6%, the pulpwood showing a slightly higher increase and accounting for 57% of the removals. The same strong pace is expected to continue also this year, as the economic growth is strong and wood demand is high in Finland. Roundwood trade from private forests is also expected to remain high in 2018. Last year, the wood trade showed an increase of about 5% in total, with sawlogs up by almost 10%, while pulpwood rose a bit more than 1%, according to Luke statistics.

After the seasonally quiet trading at the year-end, the total January volume covered by our PIX Wood Finland indexes increased almost 50% from December and over 20% from January 2017, according to the statistics delivered by the Finnish Forest Industries Federation. From December, the volumes in January went up by 35% in softwood sawlog grades, while about 50-60% in birch logs and pulpwood grades. The January 2018 volumes were, year-on-year, above the January 2017 level in all grades, by about 25-30% in logs, and by approximately 15% in pulpwood (pine and birch showing larger increases than spruce). In January, the PIX Softwood Sawlogs Finland increased by 49 cents, or by 0.84%, and settled at 58.56 EUR/m³. The PIX Birch Sawlogs Finland index value went up by 1.20 euros, or by 2.77%, ending at 44.47 EUR/m³. The PIX Pulpwood Finland value increased by 4 cents, corresponding to 0.25%, with the index closing at 16.29 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.