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.

Jan 16, 2018

Market Comments

PIX Woodchip Global

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Woodchip Market – Within the monthly average exchange rate values used in the index calculation, the Japanese Yen strengthened by about 0.1% from the previous month compared to the US Dollar, while the Euro weakened by 1.3%. The USD-EUR rate impacts mainly the SW side, while the Yen is used in both HW and SW index calculations. Based on November values, the PIX Hardwood Chip Global benchmark kept moving up by 90 US cents, or by 0.55%, and closed at 165.92 USD/ton. The PIX Softwood Chip Global index showed a decrease of 2.55 USD, or by 1.62%, landing at 154.50 USD/ton.

The PIX woodchip indexes, one for softwood chips and the other one for hardwood chips, cover international overseas trade of wood chips destined to be used by the pulp and paper or panel industries. Prices are obtained from three sources: a) monthly prices received directly from buyers and sellers of wood chips b) monthly prices from public sources (customs statistics) and c) quarterly (or monthly) data received from WRI (Wood Resources International) who have been co-operating with FOEX in developing these indexes. Additional data providers are welcome. For more information, kindly contact us at Tuomo@foex.fi or info@foex.fi or by phone (see contact details on www.foex.fi).