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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.

Jan 8, 2019

Market Comments

PIX Bioenergy - Forest Biomass Finland

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

Statistics Finland has published the figures for energy consumption for the first three quarters of 2018. The use of peat increased significantly, by 30%, which brings the CO₂ emissions up as well. The use of wood fuels decreased by 5% and the use of coal by 2%. Wood fuels still cover 26% of the total energy consumption, holding the largest share of all energy sources.

Luke reports that the wood trade from non-industrial private forests amounted to 6.23 Mm³ in Finland in November, which is about 10% higher than a year ago. Compared to October 2018, trade remained about the same.

November weather was mild in Finland, in Lapland even exceptionally mild. After removing the 10% of the extreme values, the PIX Forest Biomass Finland Index headed higher with an increase of 29 cents, or of 1.58%, and settled at 18.64 EUR/MWh.