Date: Feb 19, 2021
Title: Coverage Note PIX Sawn Softwood Timber FAS Finland open consultation Final Decision 19.2.2021
COVERAGE NOTE: PIX Sawn Softwood Timber FAS Finland – Final Decision
HELSINKI, February 19, 2021 (PIX Biomass and Wood Indices) - Fastmarkets FOEX invited feedback from the industry on the pricing methodology for its PIX Sawn Softwood Timber FAS Finland price indices, via an open consultation process between January 15 and February 12, 2021, as part of its annual methodology review process. Fastmarkets FOEX proposed no changes in the current index methodology or specifications. This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.
This consultation, sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
You can find the current methodology for PIX Sawn Softwood Timber FAS Finland here.