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

Dec 27, 2017

Market Comments

PIX Sawlogs and Pulpwood Finland Indices

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PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – The lulucf negotiations were concluded last week. The final model should not impact the plans of Finland to increase the use of wood in the future, as the model allows an increase in logging volumes as long as the carbon sink will not shrink. The details of the plan will be finalized during 2018.

The total November volume covered by our PIX Wood Finland indexes increased by over 40 % from October and by about 5% from November 2016, according to the statistics delivered by the Finnish Forest Industries Federation. Compared to October, volumes showed an increase in all grades. It was between 40% and 50% in logs, and at around 35% in pulpwood. Compared to November 2016, the volumes increased less, or by about 10% in sawlogs and by less than 5% in pine and birch pulpwood, while the volume decreased by almost 10% in spruce pulpwood. In November, all our PIX Roundwood Finland price indices went upwards. The PIX Softwood Sawlogs Finland increased by 65 cents, or by 1.14%, and settled at 57.60 EUR/m³. The PIX Birch Sawlogs Finland index value went up by 12 cents, or by 0.28%, ending at 43.48 EUR/m³. The PIX Pulpwood Finland value increased by 26 cents, corresponding to 1.64%, with the index closing at 16.16 EUR/m³.

The PIX Wood Finland price indices are based on monthly wood trade data by the Finnish Forest Industries Federation, which we convert to a volume weighted 3-month revolving average for our benchmark values, after removing the extreme highs and lows before the index calculation.