PIX Methodologies & Policies

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

HELSINKI, May 8, 2020 (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 newly announced annual methodology review process.

As part of this open consultation, to expand the coverage on the Finnish bioenergy sector, Fastmarkets FOEX is also proposing the following additions to its PIX Forest Biomass Finland index and its sub-indices:

PIX Bioenergy and Wood Indices:

• Regional indices to PIX Forest Biomass Finland Index and all or selected ones of its sub-indices (forest chips, sawdust, bark)
• A separate official sub-index for logging residues and investigate possibilities for regional indices for that
• Fastmarkets FOEX proposes the regional division to go along the line from Vaasa to Imatra dividing Finland in two (west/south and east/north)

Fastmarkets FOEX will undergo a consultation on this proposal and provide a summary of the feedback by June 22, 2020, with the potential that the changes would take effect starting in October 2020 (based on August data). Especially feedback concerning the division line is welcomed.

Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Please find the current methodology for PIX Forest Biomass Finland index here.

For comments and queries, please email hello.foex@fastmarkets.com, by June 5, 2020, indicating “PIX Forest Biomass Finland” in the subject line of the email in English, Finnish or Swedish.

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

HELSINKI, April 24, 2020 (PIX Pulp & 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 newly announced annual methodology review process.

This consultation, which is open until May 22^th, 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 Packaging Europe.

Please send responses in writing, preferably in electronic format, to the following address: hello.foex@fastmarkets.com. Please add the subject heading "PIX Packaging 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 June 5^th, 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.