Categories: General Date: Dec 8, 2017 Title: COVERAGE NOTE: Changes to PIX China Indexes
HELSINKI, Dec. 8th, 2017 (FOEX Indexes Ltd.) - Following extensive consultation with the pulp and paper industry in 2016 and early 2017, FOEX introduced the PIX Pulp China Net Indexes for NBSKP and BHKP in April 2017. In September 2017, FOEX announced that, as per previous communications, we would discontinue the old indexes from the start of 2018 and publish only the new net indexes.
This coverage note confirms that FOEX will cease publishing the old PIX Pulp China indices from January 2018 onwards and continue only with the PIX Pulp China Net Indexes for NBSKP and BHKP.
The PIX Pulp China Indexes started in 2009 as gross price indexes, but over time they became a mix of both gross and net prices due to the change in the pricing behavior in the market. As pricing of pulp in China is to a great extent agreed on net basis today, we at FOEX believe we can cover a much larger share of market pulp trades in China with the net price index concept.
FOEX remains committed to providing reliable price indices that are deemed relevant and useful in the industry. We welcome all feedback from customers, including your views on our current methodologies for producing PIX Indexes and how we might improve them.