Jun 16, 2021

PRICING NOTICE: Open consultation on FOEX methodology for PIX Forest Biomass Finland Price Indices – Final Decision 

 

HELSINKI, June 16, 2021 (PIX Bioenergy and Wood Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between May 14and June 11, 2021 on the pricing methodology for its PIX Forest Biomass Finland indices. The consultation was done as part of our annual methodology review process.

 

Fastmarkets FOEX would like to thank for the feedback received during the consultation period. It was fully supportive to our current methodology and to the proposal of changing from Statistics Finland’s Fuel classification 2019 to its Fuel Classification 2021, as follows:

  • Class 3112 Chips from roundwood (includes both classes a and b) to Class 21.10.20 (includes both classes 21.10.21 and 21.10.22)
  • Class 3113 Forest residue chips to Class 21.10.30
  • Class 3114 Hog fuel from stumps (previously stump wood chips) to class 21.10.40
  • Class 3121 Bark to Class 21.20.10
  • Class 3122 Saw dust to Class 21.20.20
  • Class 21.10.20 (previously 3112) is still encouraged to be reported separately as pruned or unpruned stem chips.

To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document with the updated classification is now available on foex.fi.