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 23, 2019

Market Comments

COVERAGE NOTE: Changes to PIX Sawn Timber Pine FAS Finland – Consultation

Please find a PDF copy of this note here.

HELSINKI, January 23, 2019 (PIX Bioenergy and Wood Indices) – To better reflect current trading patterns, Fastmarkets FOEX is considering the following changes to its PIX Sawn Timber Pine FAS Finland index:

PIX Bioenergy and Wood Indices:

  • Change the weights of the sub-indices to following:
Pine Sub-index Current Weight Proposed Weight
V centre cut 30% 30% (no change)
VI 20% 25% (+5 %-points)
V side boards 15% 5% (-10 %-points)
US side boards & centre cut 15% 15% (no change)
Schaal export 15% 20% (+5 %-points)
Lamina centre cut 5% 5% (no change)

 

The move is intended to make the PIX Sawn Timber FAS Finland indices more relevant for the industry as the exported grade distribution has changed since the indices started. A historical comparison of the old and new weights can be seen below.

For the time being, PIX Sawn Timber Spruce FAS Finland will remain as it is.

FOEX will undergo a consultation on this proposal, with the potential that the changes would take effect starting February 26, 2019.

For comments and queries, please email hello.foex@fastmarkets.com, by February 15, 2019, indicating “PIX Sawn Timber Pine FAS Finland” in the subject line of the email.