HELSINKI, October 13, 2020 (PIX Bioenergy and Wood Indices) – Fastmarkets FOEX has invited feedback from the industry on the pricing methodology for its PIX Forest Biomass Finland price indices, as part of its newly announced annual methodology review process.

As part of this open consultation, to expand the coverage on the Finnish bioenergy sector, Fastmarkets FOEX proposed additions to its PIX Forest Biomass Finland index and its sub-indices. Most of the comments agreed on the suggested regions and the new sub-index for forest residues. There were some comments about small adjustments on the regional division as well as generally regarding the indices.

As the feedback was generally positive, Fastmarkets FOEX will go forward with the plan and the following additions are made for the PIX Bioenergy and Wood Indices:

• Regional indices are added to PIX Forest Biomass Finland Index and to its sub-indices (forest chips, sawdust, bark)
• A separate official sub-index for forest residues is published with regional indices for this sub-index
• Based on the feedback during the consultation and comments from the price data contributors, Fastmarkets FOEX has decided that the regional division goes along a line from Vaasa to Imatra dividing Finland in two (south/west and north/east)

The changes take effect starting today, October 13, 2020.

For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Forest Biomass Finland” in the subject line of the email in English, Finnish, or Swedish.