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.

FOEX Indexes Ltd, Bioenergy and Wood Indices

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Apr 7, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX Paper Indices

HELSINKI, April 7, 2020 (PIX Pulp & Paper Indices) - Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Paper price indices, as part of its newly announced annual methodology review process.

As part of this consultation, FOEX also proposes that it annually updates the weighting table that it uses to assign price points to buyers and sellers, with larger buyers/sellers receiving more price points than smaller ones (Appendix 1 in the methodology). The number of price points assigned to each provider is scaled by the annual volume of sales or purchases of paper in each index grade group, updated each January. Given the continuous decline in graphic paper production and consumption, these volumes tend to decrease, which means the weighting scale may become outdated. We propose to publish an updated version of this table, if necessary, annually in February.

This consultation, which is open until May 5th, 2020, seeks 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.

Please find the current methodology here of FOEX PIX Paper.

Please send responses in writing, preferably in electronic format, to the following address: hello.foex@fastmarkets.com. Please add the subject heading "PIX Paper annual methodology review”.

Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by May 19th, 2020, including a summary of the feedback with the exception of those marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.

Mar 24, 2020

PIX Wood Finland and PIX Sawn Softwood Timber FAS Finland

Mar 19, 2020

Fastmarkets FOEX - Helsinki, March 19, 2020 The Covid-19 epidemic causes many inconveniences. Our goal at Fastmarkets FOEX is to be of service to you to our best abilities also in these circumstances. We will be working remotely and apologize any delay to our deliverables this may cause.  We also recommend that you contact us on our mobile phones. Please find here our contact details.

Please see a coverage note about our business continuity plan here.
Mar 13, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX European Pulp and Recovered Paper Price Indices – Final Decision

HELSINKI, March 13, 2020 (PIX Pulp & Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between Feb. 1st and 28th, 2020 on the pricing methodologies for its PIX European Pulp and PIX European Recovered Paper indices. The consultation was done as part of our previously announced annual methodology review process.

Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. We received only a few comments from the market during the consultation period. Comments and suggestions touched upon narrowing the time window for reporting price data to FOEX as well as comments supporting the current reporting procedure. Another suggestion called for publishing the names of price providers to Fastmarkets FOEX. Based on the feedback, Fastmarkets FOEX has decided to clarify the wording of the Section 1.3 of its PIX European Pulp methodology on what data to submit to better reflect what Fastmarkets FOEX is currently doing. This does not lead to material changes in the current methodology. An updated methodology document will be posted on foex.fi shortly.

Mar 10, 2020

COVERAGE NOTE: Correction to wording in PIX letter ‘PIX Pulp China Indices’ of March 10, 2020

Helsinki, March 10, 2020 (Fastmarkets FOEX) – The wording in the PIX letter “PIX Pulp China Indices” in the passage “BHKP China” has been corrected  to “The price data submitted to us for our PIX BHKP China index contained some changes both up and down, with those upwards a bit stronger. The PIX BHKP China Net index moved higher by 1.39 dollars, or by 0.30%, landing at 462.37 USD/t.”  The index value itself is correct in the letter and on our website.

Dec 23, 2019

COVERAGE NOTE: Changes to PIX Pellet Continental 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 data 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 Pellet Continental Index:

-       Discontinue the PIX Pellet Continental Index on May 6, 2020.

The main rationale for this change is that PIX Pellet Continental includes 3rd party data delivered by industry associations that cannot be linked to individual companies.

Fastmarkets FOEX will publish the last index on May 5, 2020.

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