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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.

Jul 17, 2018

Market Comments

PIX Woodchip Global

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Woodchip Market – The Navigator Company has re-published the plans to build a 1.5 million tpa pulp mill in Mozambique. Here, the first step of the scheme includes a 40 000-ha plantation and a wood chip plant and, only if that is successful, the Portuguese producer may proceed with another 120 000-ha plantation as well as the pulp mill.

The USD strengthened again against both the Japanese Yen and the Euro, meaning a downward pressure on the prices. Based on May values, the PIX Hardwood Chip Global benchmark still moved up by 5.53 USD, or by 3.23%, and closed at 176.86 USD/ton. Prices in many major trade flows of softwood chips also kept pointing upwards. Hence, the PIX Softwood Chip Global index went up by 10.91 dollars, or by 6.30%, reaching 184.01 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).