Categories: General Date: Apr 24, 2018 Title: PIX Wood Prices 27.3.2018
Copyright©FOEX Indexes Ltd.
PIX Sawlogs, Birch Sawlogs and Pulpwood Finland – The wood procurement volume was record high in 2017 in Finland, totaling 72.1 Mm³, as preliminarily reported by Luke. However, the statistics show that the increase of 1.8 Mm³ came mostly from the growth in energy wood (up by 2.2 Mm³), while pulpwood procurement decreased by 0.7 Mm³ and that in logs increased only by 0.3 Mm³. Imports of roundwood decreased by 1.2 Mm³ to 8.2 Mm³. The use of roundwood by the forest industry increased by 2.5 Mm³ to 69.9 Mm³. Market experts expect the use of roundwood to increase by 5-7% in 2018.
The total March wood volume covered by our PIX Wood Finland indices decreased by about 5% from February and by about 10% when compared to March 2017, according to the wood trade statistics delivered by the Finnish Forest Industries Federation. Month-on-month, March volumes went down by 3% in softwood sawlog grades, and by 6% in birch sawlogs, while the decrease in pulpwood was 7%, on average. The March 2018 volumes were below the March 2017 levels in all grades, by about 10% in softwood sawlogs and pulpwood, while birch showed a larger decrease, i.e. by 15-20%. Again, despite the decrease in volumes, the PIX Softwood Sawlogs Finland index value moved up by 80 cents, or by 1.35%, and settled at 60.07 EUR/m³. The PIX Birch Sawlogs Finland index value headed north by 46 cents, or by 1.05%, ending at 44.24 EUR/m³. The PIX Pulpwood Finland benchmark value increased by 18 cents, corresponding to 1.09%, with the index closing at 16.71 EUR/m³.
The PIX Wood Finland price indices are based on the 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.