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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.

Apr 17, 2018

Market Comments

PIX Woodchip Global

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Woodchip Market – The global demand for woodchips is on a rise. The freight rates, after having been below long-term average in real terms for several years, have started to rise. These drivers, coupled with the weakness of the US dollar, have led to some upside pressure on the woodchip prices. Based on February values, the PIX Hardwood Chip Global benchmark moved up again, by 2.60 USD, or by 1.53%, and closed at 172.11 USD/ton. The PIX Softwood Chip Global index increased as well, by 4.09 dollars, or by 2.60%, landing at 161.17 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).