HELSINKI, March 6, 2024 (PIX Pulp and Paper indices) – Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Recovered Paper (Paper for Recycling) Europe and Germany price indices, as part of its annual methodology review process.

This consultation, which is open until April 3, 2024, 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 PIX European Recovered Paper Price Indices here.

Fastmarkets FOEX in proposing to add the 5-digit grade codes according to the EN 643 ‘European List of Standard Grades of Paper and Board for Recycling’ to its methodology document as follows:

• PIX OCC 1.04 dd and PIX OCC 1.04 GER: covering CEN 1.04.00 Corrugated Paper and Board Packaging, CEN 1.04.01 Ordinary Corrugated Paper and Board and CEN 1.04.02 Corrugated Paper and Board
• PIX ONP/OMG 1.11 dd + PIX ONP/OMG 1.11 GER: covering CEN 1.11.00 Sorted Graphic Paper for Deinking
• PIX RCP Mixed 1.02 GER: covering CEN 1.02.00 Mixed Paper and Board

The current established PIX index names will not be affected, and they will continue to be presented with 3-digit codes. 

Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com, with the respective subject heading ‘PIX Recovered Paper Review 2024’.

We treat feedback as confidential. 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 anonymous, in which case we will not share it in any form.

Fastmarkets will publish the outcome of this methodology review by April 17, 2024, on the Fastmarkets FOEX website under Pricing Notices, including a summary of the feedback with the exception of those marked as anonymous. 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.