HELSINKI, May 11, 2023 (PIX Bioenergy and Wood Indices) – Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Forest Biomass Finland price indices, as part of its annual methodology review process.

This consultation, which is open until June 8, 2023, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

Please find the current methodology for the FOEX PIX Forest Biomass Finland price indices here.

Fastmarkets FOEX proposes to clarify the methodology document regarding forest biomass imports. Imported prices and volumes can be included in the index but this has not been specified in the current methodology document.

Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com, with the respective subject heading “PIX Forest Biomass Finland indices review 2023”.

We treat feedback as anonymous. We share responses with the industry at the end of the consultation without attributing them in any way so as to protect the identity of respondents. Please specify whether your response is confidential, in which case we will not share it in any form.

Fastmarkets will publish the outcome of this methodology review by June 22, 2023, on Fastmarkets FOEX website under Pricing Notices, including a summary of the feedback with the exception of those marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.