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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.

Apr 10, 2018

Market Comments

PIX Bioenergy - Forest Biomass Finland

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The PIX Forest Biomass Finland index value is based on trading prices of February 2018 of forest residues and wood-based industry by-product bioenergy components in Finland, excluding pellets and liquid bio-fuels.

Luke's preliminary statistics show that the use of solid wood-based fuels in energy production was record high in 2017 in Finland, totaling 19.9 Mm³. This is a few percent higher than the year before. The use of renewable energy in Finland will rise to a new record in 2018, as projected in a recent report from the Ministry of Economic Affairs and Employment.

According to Luke, the wood trade from non‐industrial private forests in Finland amounted to 3.0 Mm³ in January. This is about one third less, month-on-month, and down by about 10%, y‐o‐y.

After a very mild start for the winter, February turned out to be colder‐than‐average in Finland. After removing 10% of the extreme values, the PIX Forest Biomass Finland index headed higher by 13 cents, or by 0.69%, closing at 19.05 EUR/MWh.