What is Fastmarkets FOEX?
Fastmarkets FOEX is a leading Price Reporting Agency providing audited, trademark registered pulp, paper, recovered paper, wood-based bioenergy and timber price indices
PIX Bioenergy and Wood
PIX Bioenergy and Wood values can be subscribed here
- Please find the price specifications for the indices below. Detailed methodologies for PIX indices can be found here.
PIX Forest Biomass Finland Index Specification
Grade: PIX Forest Biomass Finland Index includes both forest chips and industry byproducts. Separate subindices are available for forest chips, sawdust and bark as well as divided in two regions in Finland (South/West and North/East) |
Quantity: MWh. Information per cubic meter (loose or solid) can also be reported. Fastmarkets FOEX transforms all data received to MWh using conversion factors |
End-use Location: Finland |
Incoterm: DDU, unloaded at buyer’s plant (or TOP, Finnterms), chipped. If non-delivered or unchipped lots are included, an estimated conversion to delivered and/or chipped may be provided. If non-delivered or non-chipped/-crushed prices are provided without conversion estimates, Fastmarkets FOEX transforms such data using best available information of freight and chipping/crushing rates collected from data |
Timing: Material delivered during the data month |
Currency: EUR. Prices reported in other currencies are converted to the index currency by Fastmarkets FOEX using the data month’s average ECB exchange rate |
Price type and payment terms: Net. Customs and other duties paid, excluding any excise taxes and VAT |
Payment terms: Customs and other duties paid, excluding any excise taxes and VAT |
Publication: Monthly, on 2nd Tuesday of each month at noon Helsinki time. If Tuesday falls on a public holiday in Finland, the index will be published on the first working day thereafter. The index is based on the month before last month’s data (e.g. publishing: March, data: January) |
PIX Sawn Timber FAS Finland Index Specification
Grade: Selected quality grades of spruce and pine sawn timber exported from Finland. The quality-based sub-indices will be calculated as volume weighted averages of the prices provided. Based on these, the main indices will be calculated using fixed factors based on the market share of each quality grade. |
Unit: Prices are provided per cubic meter, volumes are provided in cubic meters. |
Export destination, country-of-origin: Destination is not limited, products must be produced in Finland |
Incoterm: FAS. If prices are provided with other delivery terms, they will be normalized to FAS equivalent. If, for any reason, normalization is not possible the prices will be excluded from the index calculation. |
Timing: The prices reported to Fastmarkets FOEX are final invoiced/to-be-invoiced deliveries concluded in the full calendar month prior to the publishing date and for delivery within the next six months. |
Price type and payment terms: Prices are provided in euros excluding VAT or other taxes and before customer-specific rebates. Standard payment terms. |
Publication: Monthly, on 4th Tuesday of the following month at noon Helsinki time. If Tuesday falls on a public holiday in Finland, the index will be published on the first working day thereafter. |