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 Bioenergy and Wood Service

Wood-based bioenergy makes up a vital part of the Finnish, Swedish and wider Nordic energy palette. As the world moves toward sustainability through renewable energy and increased use of wood, we are eager to deliver a more robust service to include the growing interest in wood-based products for the move toward a low-carbon economy and a solution to climate change.

The Finnish wood bioenergy market is growing and a reduction in the use of coal and peat is expected to further increase future demand. Prices of Finnish forest bioenergy have increased, with our sub-index for Finnish forest residues rising by over 10% in 2019-2021, for example. While a majority of Finnish wood-based bioenergy comes from forest residues and industry by-products, alongside these, wood pellets have a larger share in e.g. Denmark and Sweden. Wood pellets have become a global commodity with almost 40 million tonnes consumed in 2020. The international sawn timber market boomed in 2021 despite the pandemic, and Finnish export volumes increased by about 35% during the first three quarters compared to pre-pandemic levels. Finnish sawn timber export prices rose to record-high levels, but after the most heated moment the prices have come down, as tracked by our sawn softwood indices.

Keep yourself up to date with our price indices and market commentary and get a quote by filling in the subscription form below!

What we cover:

  • PIX Forest Biomass Finland indices – Finnish solid wood-based biomass for energy
  • PIX Pellet Nordic index – industrial-scale use of wood pellets in the Nordic countries
  • PIX Sawn Timber Finland indices – Finnish export prices for pine and spruce lumber

Our indices are calculated from prices of actual trades.

5 ways you can use Fastmarkets PIX Bioenergy and Wood Service:

  • Basis for a price formation directly with a customer/supplier
  • Basis for internal raw material pricing/invoicing between profit centers (e.g. from sawmill to pellet mill)
  • Hedging - through an exchange or bank/other financial institution - product or raw material price risk against a reliable index
  • Market research
  • As a useful reference tool, based on industry information. A transparent and objective source of up-to-date market information

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