What is FOEX Indexes?

FOEX Indexes Ltd is an independent company providing audited, trade-mark registered pulp, paper, recovered paper, wood based biomass and wood 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 coverage notes. 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.

Coverage Notes

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

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

HELSINKI, July 17, 2020 (PIX Pulp and Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between June 5th and July 3rd, 2020 on the pricing methodologies for its PIX Pulp China indices. The consultation was done as part of our previously announced annual methodology review process. We also requested feedback on a proposal to change the publishing schedule from Tuesday to Friday in order to provide the market with a more timely index.

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, but many stakeholders were supportive of the proposed schedule change in earlier discussions. Comments and suggestions touched upon the reasons for the proposed schedule change of publishing from Tuesdays to Fridays, and we received one disapproving comment for the change. Other comments suggested technical development in the solutions for gathering price data and for distributing the PIX Pulp China indices. Based on the feedback, Fastmarkets FOEX has decided to go ahead with the schedule change.

The schedule change of the publishing date of PIX Pulp China indices as of September 4, 2020 will not lead to material changes in the current methodology. The change will at its best improve and shorten the time window from collecting price data to publishing the indices. An updated methodology document will be posted on foex.fi shortly.

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

Jun 17, 2020

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

HELSINKI, June 17, 2020 (PIX Bioenergy and Wood Indices) – Fastmarkets FOEX invited 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 proposed additions to its PIX Forest Biomass Finland index and its sub-indices. Most of the comments agreed on the suggested regions and the new sub-index for logging residues. There were some comments about small adjustments on the region division as well as generally regarding the indices.

As the feedback was generally positive, Fastmarkets FOEX will go forward with the plan and the following additions will be made for PIX Bioenergy and Wood Indices:

  • Regional indices to PIX Forest Biomass Finland Index and selected ones of its sub-indices (forest chips, sawdust, bark) will be added. The final selection of the sub-indices will be based on test data collected during the coming months.
  • A separate official sub-index for logging residues will be published, and possibly, based on the test data, also regional indices for this sub-index
  • Based on the feedback during the consultation and comments from the price data contributors, Fastmarkets FOEX decides the regional division to go along the line from Vaasa to Imatra dividing Finland in two (west/south and east/north)

The changes are planned to take effect starting in October 2020 (based on August data).

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

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