What is Fastmarkets FOEX?

Fastmarkets FOEX is a leading Price Reporting Agency providing audited, trademark registered pulp, paper, recovered paper, wood-based bioenergy and timber price indices

Fastmarkets FOEX, Bioenergy and Wood Indices

Latest PIX Index Valuestoggle

 
 
 
 
 

Currenttoggle

Jul 7, 2021

PRICING NOTICE: Changes to PIX Wood Finland Indices – Final Decision

Helsinki, July 7, 2021 (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 for Price Reporting Agencies (PRAs). Along with this development, some index collection criteria do not fully fulfil these policy requirements.

As previously proposed and following a consultation, Fastmarkets FOEX has decided to discontinue PIX Sawlogs Finland, PIX Pulpwood Finland, and PIX Birchlogs Finland on Dec 29, 2021.

Fastmarkets FOEX will publish the last indices on Tuesday, December 28, 2021.

The main rationale for this change is that the PIX Wood Finland indices are based on third party data and cannot be linked to individual companies.

Fastmarkets FOEX made a market consultation regarding this change and received comments which were against the proposal, quoting the indices to be important for market data purposes and, instead of discontinuing, suggested developing the indices further to fulfil the requirements. Fastmarkets FOEX would like to thank for the feedback.

However, the current index specifications would require significant altering to fulfil the compliance requirements, as well as support from the market participants to receive the data in required detail. This would mean major changes to the index fundamental, which would be more appropriate to implement in all new indices. Fastmarkets FOEX is open to discussion with the stakeholders, for a possible future development of PIX roundwood indices.

Jul 2, 2021

PRICING NOTICE: Open consultation on FOEX methodology for PIX China Pulp Price Indices – Final Decision

HELSINKI, July 2, 2021 (PIX Pulp & Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between May 21st and June 18th, 2021 on the pricing methodology for its PIX China Pulp indices. The consultation was done as part of our annual methodology review process.

Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. Fastmarkets FOEX proposed an adjustment to the current index methodology or specifications in the Timing clause:

from “Timing: Delivery during the current month”

to “Timing: Delivery during the current or following month”.

We received only a few comments from the market during the consultation period. The comments were rather questions regarding the reasons for the adjustment in the Timing clause. The adjustment includes timing possibilities which the current methodology covers and Fastmarkets FOEX deems that the adjustment to the clause can be made in the methodology.

To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document will be posted on foex.fi shortly.

For all Fastmarkets FOEX coverage notes/pricing notices and to view Fastmarkets FOEX methodology guides please see here.

Jun 22, 2021

PIX Wood Finland and PIX Sawn Softwood Timber FAS Finland

May 14, 2021

PIX Forest Biomass Finland — Breakdown by grade and region available

Fastmarkets FOEX publishes alongside its PIX Forest Biomass main index also sub-indices dividing the data by grade and region.

The following data is available through a PIX Biomass Service subscription:

  • PIX Forest Biomass Finland main index (all Finland, South/West and North/East)
  • PIX Forest Biomass Finland forest chips sub-index (all Finland, South/West and North/East)
  • PIX Forest Biomass Finland by-product sawdust sub-index (all Finland, South/West and North/East)
  • PIX Forest Biomass Finland bark sub-index (all Finland, South/West and North/East)
If you would like to see a sample of the PIX Forest Biomass Finland letter and the data included, please click here.
Apr 15, 2021

Fastmarkets successfully completes second IOSCO assurance review for its FOEX PIX pulp and paper pricing division

Mar 16, 2021

Fastmarkets becomes BMR-regulated PRA, strengthening its already robust pricing methodologies

Please see our press release here.