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

PIX Methodologies & Policies

This section includes documents outlining the PIX index methodologies for the PIX Pulp and Paper as well as Bioenergy indices – which to feasible parts will be made applicable to all PIX price indices. This page also includes a set of FOEX policy documents designed to make Fastmarkets FOEX index procedures more robust as well as Fastmarket FOEX pricing notices. These documents are based upon the IOSCO Principles for Price Reporting Agencies. (IOSCO - International Organization of Securities Commissions: www.iosco.org). For a copy of our independent assurance report, please click here.

PIX PULP EUROPE METHODOLOGY AND SPECIFICATIONS

PIX PULP CHINA METHODOLOGY AND SPECIFICATIONS

PIX PULP US METHODOLOGY AND SPECIFICATIONS

PIX PAPER METHODOLOGY AND SPECIFICATIONS

PIX PACKAGING EUROPE METHODOLOGY AND SPECIFICATIONS

PIX RECOVERED PAPER EUROPE METHODOLOGY AND SPECIFICATIONS

PIX FOREST BIOMASS FINLAND METHODOLOGY AND SPECIFICATIONS

PIX PELLET NORDIC METHODOLOGY AND SPECIFICATIONS

PIX SAWN TIMBER FAS FINLAND METHODOLOGY AND SPECIFICATIONS

FASTMARKETS FOEX/RISI CONFIDENTIAL CONTRIBUTED DATA PROTECTION PROTOCOL

FASTMARKETS FOEX – CODE OF CONDUCT

FASTMARKETS FOEX – COMPLAINTS POLICY

FASTMARKETS FOEX – METHODOLOGY REVIEW PROCCESS POLICY

FASTMARKETS FOEX – CORRECTIONS AND NEW PRICE LAUNCH POLICY

FASTMARKETS FOEX – DATA SUBMITTER POLICY

Fastmarkets FOEX is in the process of aligning its index procedures with IOSCO’s Principles for Oil Price Reporting Agencies (the “PRA Principles”). As part of this process, we will carry out an external audit by an independent auditing company of one PIX index methodology each year. In 2018, Fastmarkets FOEX also introduced a new Data Submitter policy to replace formal audits of price providers.

Pricing Notices

Pricing Notices are notifications of changes to price coverage, methodology and index specifications as well as introductions of new PIX indices.

Jul 19, 2022

PRICING NOTICE: Correction in PIX Pellet Nordic Index Letter on July 19, 2022

Helsinki, July 19, 2022 (Fastmarkets FOEX) – Due to a clerical error, the month-on-month change in the SEK value of the PIX Pellet Nordic Index appeared incorrectly in the PIX Pellet Nordic Index Letter for about 15 minutes after publishing on July 19, 2022.

The correct month-on-month change is 8.50 SEK/MWh.

This did not impact the index values published on the foex.fi website and the Fastmarkets RISI portal and mobile app or the PIX Bioenergy & Wood Service (email).

We apologize for the inconvenience caused.

Jul 13, 2022

PRICING NOTICE: Discontinuing the PIX US NBSK Net Change index – Notice of Implementation

HELSINKI, July 13, 2022 (PIX Pulp and Paper indices) – As previously announced and following consultation, Fastmarkets FOEX has implemented the following changes to its PIX US NBSK Net Change index:

- Discontinued this index on July 13, 2022.

For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX US NBSK Net Change” in the subject line of the email.

More information available here.

Jul 1, 2022

PRICING NOTICE: Annual Review of PIX Pulp China Indices Methodology – Final Decision

HELSINKI, July 1, 2022 (PIX Pulp & Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between May 20 and June 17, 2022, on the pricing methodology for its PIX Pulp China price 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 of our current methodology.

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

Jun 29, 2022

PRICING NOTICE: Discontinuing the PIX US Newsprint index – Notice of Implementation

HELSINKI, June 29, 2022 (PIX Pulp and Paper indices) – As previously announced and following consultation, Fastmarkets FOEX has implemented the following changes to its PIX US Newsprint 27.65lb index:

- Discontinued this index on June 29, 2022.

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

More information available here.

Jun 17, 2022

PRICING NOTICE: Delay in publishing PIX Pulp China Indices today

HELSINKI, June 17, 2022 (PIX Pulp and Paper indices) - There is unfortunately a delay in publishing the PIX Pulp China values today due to a technical reason.

The values of June 17, 2022 are as follows:

PIX Pulp China BHKP Net: USD 844.18 (+8.96)
PIX Pulp China NBSK Net: USD 987.26 (-0.41)

PIX Pulp China Letter is online with the correct values. PIX indices can also be found on Fastmarkets RISI portal.

Jun 14, 2022

PRICING NOTICE: Annual Review of PIX Forest Biomass Finland Indices Methodology – Final Decision

 

HELSINKI, June 14, 2022 (PIX Bioenergy and Wood Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between May 13and June 10, 2022, 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.

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

May 30, 2022

PRICING NOTICE: Annual Review of PIX Packaging Price Indices Methodology – Final Decision

HELSINKI, May 30, 2022 (PIX Pulp and Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between April 27 and May 25, 2022, on the pricing methodology for its PIX Packaging price 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.

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

May 20, 2022

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pulp China Price Indices

HELSINKI, May 20, 2022 (PIX Pulp and Paper indices) - Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Pulp China price indices, as part of its annual methodology review process. 

This consultation, which is open from May 20 until June 17, 2022, 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.

Fastmarkets FOEX proposes no changes to the current index methodology or specifications.

Please find the current methodology for the FOEX PIX Pulp China price indices here.

Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com. Please add the respective subject heading "PIX Pulp China review 2022”.

We treat feedback as confidential. We share responses with the industry at the end of the consultation without attributing them in any way so as to protect the identity of respondents. Please specify whether your response is anonymous, in which case we will not share it in any form.

Fastmarkets will publish the outcome of this methodology review by July 1, 2022, on Fastmarkets FOEX website under Pricing Notices, 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.

May 13, 2022

PRICING NOTICE: Annual Review of PIX Forest Biomass Finland Indices Methodology – Open Consultation

HELSINKI, May 13, 2022 (PIX Bioenergy and Wood Indices) – Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Forest Biomass Finland price indices, as part of its annual methodology review process. 

This consultation, which is open until June 10, 2022, 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.

Fastmarkets FOEX proposes no changes to the current index methodology or specifications.

Please find the current methodology for the FOEX PIX Forest Biomass Finland price indices here.

Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com. Please add the respective subject heading "PIX Forest Biomass Finland review 2022”.

We treat feedback as confidential. We share responses with the industry at the end of the consultation without attributing them in any way so as to protect the identity of respondents. Please specify whether your response is anonymous, in which case we will not share it in any form.

Fastmarkets will publish the outcome of this methodology review by June 23, 2022, on Fastmarkets FOEX website under Pricing Notices, including a summary of the feedback. 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.

Apr 27, 2022

PRICING NOTICE: Annual Review of PIX Packaging Europe Indices Methodology – Open Consultation

HELSINKI, April 27, 2022 (PIX Pulp and Paper indices) – Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Packaging Europe price indices, as part of its annual methodology review process. 

This consultation, which is open until May 25, 2022, 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.

Fastmarkets FOEX proposes no changes to the current index methodology or specifications.

Please find the current methodology for the FOEX PIX Packaging Europe price indices here.

Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com, with the respective subject heading "PIX Packaging review 2022”.

We treat feedback as confidential. We share responses with the industry at the end of the consultation without attributing them in any way so as to protect the identity of respondents. Please specify whether your response is anonymous, in which case we will not share it in any form.

Fastmarkets will publish the outcome of this methodology review by June 8, 2022, on the Fastmarkets FOEX website under Pricing Notices, including a summary of the feedback. 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.

Apr 20, 2022

PRICING NOTICE: Annual Review of PIX Paper Price Indices Methodology – Final Decision

HELSINKI, April 20, 2022 (PIX Pulp and Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between March 16 and April 13, 2022, on the pricing methodology for its PIX Paper 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.

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

Mar 23, 2022

PRICING NOTICE: Annual Review of PIX Recovered Paper Indices Methodology – Final Decision 

 

HELSINKI, March 23, 2022 (PIX Pulp & Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between February 22 and March 22, 2022, on the pricing methodology for its PIX Recovered Paper price indices. The consultation was done as part of our annual methodology review process.

As part of the consultation, Fastmarkets FOEX proposed the following change to the index methodology: Transactions with prices fixed in advance for a longer period than three months do not count as eligible transactions and shall not be reported to the index. The feedback received was largely supportive to this change. Our survey among the data contributors confirmed that contracts including any fixed prices are not significant. We would like to thank those who took the time to respond to the consultation.

To summarize, we have decided to exclude prices fixed in advance for a longer period than three months. This is not a material change to the current methodology. A newly dated methodology document has been posted on foex.fi

Mar 16, 2022

PRICING NOTICE: Annual Review of PIX Paper Price Indices Methodology – Open Consultation 

Mar 14, 2022

PRICING NOTICE: Annual review on FOEX methodology for PIX European Pulp Price Indices – Final Decision

 

HELSINKI, March 14, 2022 (PIX Pulp & Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between Feb. 1 and 28, 2022 on the pricing methodology for its PIX European 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. We received only a few comments from the market during the consultation period. Comments and suggestions included statements of supporting the current methodology. Other feedback pondered about the relevance of gross price indices and timing for publishing in the week. One comment regarded the role of spot prices, which are not included in the gross price indices concerned. The current methodology includes price reporting rules which cover the basic definitions for the prices to be observed and Fastmarkets FOEX deems the methodology sufficient in its wording.

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.

Feb 22, 2022

PRICING NOTICE: Annual Review of PIX Recovered Paper Indices Methodology – Open Consultation 

Feb 14, 2022

PRICING NOTICE: Annual Review of PIX Sawn Softwood Timber Finland Indices - Final Decision

HELSINKI, February 14, 2022 (PIX Bioenergy 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 14 and February 11, 2022, as part of its annual methodology review process. Fastmarkets FOEX proposed no changes to the current index methodology or specifications. This consultation was done as part of our published annual methodology review process.

There was feedback received during the consultation period asking for prices from buyers of sawn softwood to be included in the calculation in addition to data from sellers. These indices are currently calculated based on price data provided by companies producing and exporting sawn softwood. Fastmarkets FOEX welcomes data contributions from buyers, as long as they comply with the current methodology and specifications. Fastmarkets FOEX would like to thank for the feedback, and we will continue to pursue the inclusion of buyer data. As this is already stated in the methodology, no changes will be made to that document 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.

A newly dated methodology document is now available here.

Jan 31, 2022

PRICING NOTICE: Annual Review of PIX European Pulp Indices Methodology - Open Consultation

Jan 28, 2022

PRICING NOTICE: Discontinuing the PIX US Newsprint index – Final Decision

Jan 28, 2022

PRICING NOTICE: Open consultation on changes to PIX US Pulp coverage in the UNITED STATES – Final Decision

Jan 25, 2022

PRICING NOTICE: Corrected PIX Paper A4-B Copy index value on Jan 25, 2022

Jan 14, 2022

PRICING NOTICE: Annual Review of PIX Sawn Softwood Timber Finland Indices - Open Consultation

Jan 5, 2022

PRICING NOTICE: Annual Review of PIX Pellet Nordic Index - Final Decision

Dec 29, 2021

PRICING NOTICE: Changes to PIX Wood Finland Indices – Notice of Implementation 

Dec 1, 2021

PRICING NOTICE: Changes to Fastmarkets FOEX PIX US Pulp coverage - Open consultation

Dec 1, 2021

PRICING NOTICE: Discontinuing the PIX US Newsprint index – Open Consultation

Nov 25, 2021

PRICING NOTICE: PIX Pellet Nordic - Open Consultation

Sep 24, 2021

PRICING NOTICE: Delayed publication of PIX Pulp China Indices on Sep 24, 2021

Aug 3, 2021

PRICING NOTICE: Delayed publication of PIX Pulp & Paper Indices on Aug 3, 2021

Jul 7, 2021

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

Jul 2, 2021

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

Jun 16, 2021

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

Jun 4, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Packaging Price Indices – Final Decision 

May 21, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pulp China Price Indices 

May 14, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Forest Biomass Finland 

Apr 28, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Packaging Price Indices 

Apr 26, 2021

PRICING NOTICE: Changes to PIX Wood Finland Indices – Consultation 

Apr 20, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Paper Price Indices – Final Decision 

Mar 31, 2021

PRICING NOTICE: Open consultation on FOEX methodology for Pellet Nordic Index – Final Decision 

Mar 30, 2021

PRICING NOTICE: Open consultation on FOEX methodology for PIX European Recovered Paper Price Indices – Final Decision 

Mar 19, 2021

COVERAGE NOTE: Renaming Coverage Notes as Pricing Notices

Mar 16, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Paper Price Indices

Mar 12, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on FOEX methodology for PIX European Pulp Price Indices – Final Decision 

Feb 25, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pellet Nordic

Feb 24, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX European Recovered Paper Price Indices

Feb 23, 2021

COVERAGE NOTE: PIX Paper weighting scale updated

Feb 19, 2021

COVERAGE NOTE: PIX Sawn Softwood Timber FAS Finland – Final Decision 

Jan 29, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX European Pulp Indices

Jan 15, 2021

COVERAGE NOTE: PIX Sawn Softwood Timber FAS Finland - Open Consultation 

Oct 13, 2020

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Notice of Implementation 

Aug 28, 2020

COVERAGE NOTE: PIX Bioenergy, Biomass and Wood - New PIX SAWN TIMBER FAS FINLAND INDICES METHODOLOGY AND SPECIFICATIONS

Jul 17, 2020

COVERAGE NOTE: Open consultation on FOEX annual methodology review and proposed schedule change for the PIX Pulp China Indices – Final Decision

Jun 17, 2020

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Final Decision

Jun 5, 2020

COVERAGE NOTE: PIX China - proposed schedule change and open consultation

May 28, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX Packaging Europe Indices – Final Decision 

May 12, 2020

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

May 8, 2020

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Open Consultation

May 6, 2020

COVERAGE NOTE: Changes to PIX Pellet Continental Index Coverage – Implementation

Apr 24, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX Packaging Europe Indices 

Apr 7, 2020

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

Mar 19, 2020

COVERAGE NOTE: Fastmarkets Forest Products business continuity statement

Mar 13, 2020

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

Mar 11, 2020

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

Feb 25, 2020

COVERAGE NOTE: Correction to PIX Recovered Paper February average index values Feb 25, 2020 

Jan 31, 2020

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

Jan 23, 2020

COVERAGE NOTE: Fastmarkets moves to annual methodology reviews across PRA divisions 

Jan 22, 2020

COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Implementation

Jan 7, 2020

COVERAGE NOTE: Changes to US Newsprint Coverage – Implementation

Dec 23, 2019

COVERAGE NOTE: Changes to PIX Pellet Continental Coverage – Final Decision

Dec 23, 2019

COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Final Decision

Dec 12, 2019

COVERAGE NOTE: Weighting cap added to PIX Pulp & Paper and Biomass indices

Dec 4, 2019

COVERAGE NOTE: PIX publishing dates during the year-end holiday season

Nov 29, 2019

COVERAGE NOTE: Changes to PIX Pellet Continental Coverage – Consultation

Nov 29, 2019

COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Consultation

Nov 26, 2019

COVERAGE NOTE: PIX Pulp and Paper incorrect November monthly average values published this afternoon

Aug 13, 2019

COVERAGE NOTE: Changes to US Newsprint Coverage – Final Decision

Jul 11, 2019

COVERAGE NOTE: PIX Paper Indices - NEW PIX PAPER INDICES METHODOLOGY AND SPECIFICATIONS

Jul 1, 2019

COVERAGE NOTE: PIX Packaging Europe Indices - NEW METHODOLOGY AND SPECIFICATIONS

Jun 28, 2019

COVERAGE NOTE: PIX US Pulp Index - NEW METHODOLOGY AND SPECIFICATIONS

Jun 27, 2019

COVERAGE NOTE: Call for comments on new indices for the MENA region

Jun 26, 2019

COVERAGE NOTE: PIX Bioenergy - New PIX PELLET NORDIC INDEX METHODOLOGY AND SPECIFICATIONS

Jun 4, 2019

COVERAGE NOTE: Changes to US Newsprint Coverage - Consultation

May 24, 2019

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Final Decision

Apr 18, 2019

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Consultation

Mar 21, 2019

Change in the publishing time of the PIX Pulp & Paper indices - Notice of Implementation 

Mar 7, 2019

Proposed change in the publishing time of the PIX Pulp & Paper indices - Consultation 

Mar 1, 2019

PIX Recovered Paper Europe Indices - Methodology Update

Nov 1, 2018

PIX Pulp Europe Methodology and Specifications - Adjustments

Apr 5, 2018

PIX Recovered Paper Europe Indices -New Methodology

Dec 8, 2017

Changes to PIX China Indexes

Apr 4, 2017

PIX Pulp China Net Indices - Launch