HELSINKI, December 27, 2023 (PIX Bioenergy & Wood indices) - As previously proposed and following a consultation, Fastmarkets FOEX has decided to discontinue the PIX Pellet Nordic index. Fastmarkets FOEX will publish the last index on May 21, 2024.

Fastmarkets FOEX carried out a market consultation regarding this change from November 9, 2023, to December 21, 2023. We received feedback supporting the proposed discontinuation but also some against it. The ones against were mostly generally dissatisfied with the proposal but no respondent said that the index is actively commercially used by the industry at present. One respondent suggested that there could be possibilities for index modification instead of discontinuation. However, the proposed changes would be more feasible in a totally new index, instead of through methodology and specification modification. Fastmarkets FOEX would like to thank all respondents for their feedback.

For comments or queries, please email hello.foex@fastmarkets.com indicating “PIX Pellet Nordic” in the subject line of the email.