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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.

May 8, 2018

Market Comments

PIX Bioenergy - Forest Biomass Finland

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The PIX Forest Biomass Finland index value is based on trading prices in March 2018 of forest residues and wood‐based industry by‐product bioenergy components in Finland, excluding pellets and liquid bio‐fuels.

Some bio-based projects in Finland have moved forward a bit, with Kaidi’s biorefinery receiving its environmental permit and Finnpulp increasing its ownership structure with a Chinese tissue maker. In addition to these plans, Metsä Group is considering changes at its Kemi pulp mill.

According to Luke, the wood trade from non‐industrial private forests amounted to 2.9 Mm³ in Finland in March. This is about 5% less than in February, and down by about 14%, y‐o‐y. The total wood procurement volume in March was however 6.8 Mm³, 12% higher than the 10-year March average. Compared to the previous year, the volume was about lower by 7%.

The weather continued colder than average also in March in most parts of the country increasing the need for heating and electricity. After removing 10% of the extreme values, the PIX Forest Biomass Finland Index showed a decrease of 22 cents, or of 1.17%, and settled at 18.83 EUR/MWh.