May 24, 2019

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Final Decision

HELSINKI, May 24, 2019 (PIX Bioenergy and Wood Indices) – Following a market consultation with no objections to the proposal received, Fastmarkets FOEX would like to confirm 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

Outside of the specifications themselves, Fastmarkets FOEX will replace the unofficial logging residue & unpruned stem chip number in the monthly letter with only logging residue number, and considers publishing a separate sub-index for that in the future. Also, regional collection and publishing for the indices will be considered and developed further.

For queries, please email, indicating “PIX Forest Biomass Finland Index” in the subject line of the email.