What is FOEX Indexes?

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

PIX Methodologies & Policies

This section includes documents outlining the PIX index methodologies for the PIX Pulp Europe and China indices, as well as PIX Recovered Paper Europe Indices – which to feasible parts will be made applicable to other PIX price indices. This page also includes a set of FOEX policy documents which stipulate defined procedures supporting compliance to the IOSCO Principles for Price Reporting Agencies. (IOSCO - International Organization of Securities Commissions: www.iosco.org).

PIX PULP EUROPE METHODOLOGY AND SPECIFICATIONS

PIX PULP CHINA METHODOLOGY AND SPECIFICATIONS

PIX RECOVERED PAPER EUROPE METHODOLOGY AND SPECIFICATIONS

FOEX/RISI CONFIDENTIAL CONTRIBUTED DATA PROTECTION PROTOCOL

FOEX – CONFLICT OF INTEREST POLICY

FOEX – COMPLAINTS POLICY

FOEX – DATA SUBMITTER POLICY

FOEX has adapted IOSCO’s Principles for Oil Price Reporting Agencies (the “PRA Principles”) to the forest products market and incorporated them into its price discovery processes. As part of this process, we will carry out an independent external audit of one PIX index methodology each year. Starting in 2018, FOEX will also introduce a new Data Submitter policy to replace formal audits of price providers.

Coverage Notes

Coverage Notes are notifications of changes to price coverage, methodology and index specifications as well as introductions of new PIX indices.

Mar 21, 2019

Change in the publishing time of the PIX Pulp & Paper indices - Notice of Implementation

As previously announced, Fastmarkets FOEX will concentrate the publishing time of all PIX indices to 12 noon EET (Helsinki time) on Tuesdays with the effect from April 1, 2019.

This change was subject of consultation and is meant to streamline operations and better serve clients with one publishing time for all Fastmarkets FOEX deliverables.

This change will affect the publishing of the following PIX indices:

Current publishing at 9 am EET:

  • PIX Pulp China BHKP Net
  • PIX Pulp China NBSK Net

Current publishing at 9 am EST:

  • PIX Pulp US NBSK
  • PIX US Newsprint
  • PIX US Newsprint 27.65 lb

For comments or queries, please email: hello.foex@fastmarkets.com, indicating “Change in publishing times” in the subject line of the email.

Mar 7, 2019

Proposed change in the publishing time of the PIX Pulp & Paper indices - Consultation

To streamline operations and better serve the clients with one publishing time for all its deliverables, Fastmarkets FOEX is proposing to concentrate the publishing time of all PIX indices to 12 noon EET (Helsinki time) on Tuesdays with the effect from April 1, 2019.

This change would affect the publishing of the following PIX indices:

Current publishing at 9 am EET:

  • PIX Pulp China BHKP Net
  • PIX Pulp China NBSK Net

Current publishing at 9 am EST:

  • PIX Pulp US NBSK
  • PIX US Newsprint
  • PIX US Newsprint 27.65 lb

For comments or queries, please email: hello.foex@fastmarkets.com by March 20th, indicating “Change in publishing times” in the subject line of the email.

Mar 1, 2019

PIX Recovered Paper Europe Indices - Starting from March 1, 2019, Fastmarkets FOEX launches PIX RECOVERED PAPER EUROPE METHODOLOGY AND SPECIFICATIONS including PIX Recovered Paper Germany indices

Nov 1, 2018
PIX Pulp Europe Methodology and Specifications – Some adjustments regarding policy of auditing have been made which show in section 4 of the specifications. The adjustments do not represent material changes to the index process and calculation.

4.2 and 4.2.1 revised to reflect the new Data Submitter Policy (DSP) document replacing formal audits of the price data providers

4.2.2 Added sentence about auditing of FOEX calculation procedure and methodology

4.2.3 Auditing - (of price data providers) section has been deleted

6.2. Weighting - section has been shortened

Apr 5, 2018

PIX Recovered Paper Europe Indices - Starting from April 1, 2018, FOEX launches new PIX RECOVERED PAPER EUROPE METHODOLOGY AND SPECIFICATIONS

Dec 8, 2017

Changes to PIX China 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.

Apr 4, 2017

PIX Pulp China Net Indices – Starting on April 4, 2017, FOEX will begin publishing new weekly net price indices for NBSK and BHKP in China.  The previous PIX Pulp China price indices will continue to be published in the weekly email to subscribers alongside the new PIX Pulp China net price indices until further notice and likewise in the online weekly report “PIX Pulp China letter”.  More information about new net price indices available at PIX PULP CHINA METHODOLOGY AND SPECIFICATIONS