HELSINKI, April 18, 2019 (PIX Bioenergy and Wood Indices) – To better reflect current trading patterns and to specify the process and practices, Fastmarkets FOEX is proposing the following changes to its PIX Forest Biomass Finland index and its sub-indices with no material changes:

PIX Bioenergy and Wood Indices:

• Specify the eligible price definition concerning longer than 12-month transactions
• Detail the eligible price definition concerning indexed prices
• Define the grade classification using Fuel Classification 2019 by Statistics Finland
• Specify the delivery terms to DDU, unloaded at buyer’s plant/ TOP Finnterms
• The specifications will be in English, with a Finnish summary including all parts concerning price reporting practices available

FOEX will undergo a consultation on this proposal, with the potential that the changes would take effect starting June 11, 2019.

For comments and queries, please email hello.foex@fastmarkets.com, by May 16, 2019, indicating “PIX Forest Biomass Finland” in the subject line of the email.