Categories: CoverageNotes Date: Dec 23, 2019 Title: COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Final Decision
HELSINKI, December 23, 2019 (PIX Bioenergy and Wood Indices) – Fastmarkets FOEX is unifying its methodology and policies for all PIX indices to comply with Fastmarkets’ internal guidelines and the IOSCO principles. Along with this development, some index collection criteria will not fully fulfil these policy requirements.
As previously announced and following a consultation with no objections to the proposal received, Fastmarkets FOEX will make the following changes to its PIX Woodchip indices:
- Discontinue the PIX Hardwood Chip Asia on Jan 22, 2020.
- Discontinue the PIX Softwood Chip Global on Jan 22, 2020.
The main rationale for this change is that PIX Woodchip indices include data delivered by 3rd parties and cannot be linked to individual companies.
Fastmarkets FOEX will publish the last indices on Jan 21, 2020.
For comments and queries, please email firstname.lastname@example.org, indicating “PIX Woodchip Indices” in the subject line of the email.