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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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Sep 26, 2017

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

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PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – The use of wood is expected to increase heavily in the Baltic Sea region. The multiple projects of pulp, bioenergy and biofuel production might even increase the wood procurement over the sustainable level in some areas. Hence, all projects which have been published, are not expected to be realized. The pulp mill projects in Finland, Sweden, Russia and Estonia, as well as other wood processing projects in e.g. the Baltic countries have already increased and will further increase the wood demand in the region. Recently, though, the Norwegian pulp and paper production has been decreasing, increasing the wood availability especially in the Swedish side of the border.

After the summer lull, the trading volumes in August increased significantly from the previous month in every roundwood grade we monitor, according to the statistics delivered by the Finnish Forest Industries’ Federation. All other grades except for birch logs doubled in volume, and birch logs went up by about two thirds. However, when compared to August 2016, the volumes were down, on average, by about 8% in both logs and pulpwood, the least in pine logs (-2%) and the most in spruce pulpwood (-16%). Despite the increased wood trading volumes, all our PIX Roundwood Finland price indices kept moving southwards. The PIX Softwood Sawlogs Finland decreased by 28 cents, or by 0.50%, and settled at 56.19 EUR/m³. The PIX Birch Sawlogs Finland index value headed down by 43 cents, or by 1.02%, ending at 41.85 EUR/m³. The PIX Pulpwood Finland value showed a drop of 12 cents, corresponding to 0.76%, with the index closing at 15.75 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.