PIX Methodologies & Policies
This section includes documents outlining the PIX index methodologies for the PIX Pulp and Paper as well as Bioenergy indices – which to feasible parts will be made applicable to all PIX price indices. This page also includes a set of FOEX policy documents designed to make Fastmarkets FOEX index procedures more robust as well as Fastmarket FOEX pricing notices. These documents are based upon the IOSCO Principles for Price Reporting Agencies. (IOSCO - International Organization of Securities Commissions: www.iosco.org). For a copy of our independent assurance report, please click here.
PIX PULP EUROPE METHODOLOGY AND SPECIFICATIONS
PIX PULP CHINA METHODOLOGY AND SPECIFICATIONS
PIX PULP US METHODOLOGY AND SPECIFICATIONS
PIX PAPER METHODOLOGY AND SPECIFICATIONS
PIX PACKAGING EUROPE METHODOLOGY AND SPECIFICATIONS
PIX RECOVERED PAPER EUROPE METHODOLOGY AND SPECIFICATIONS
PIX FOREST BIOMASS FINLAND METHODOLOGY AND SPECIFICATIONS
PIX PELLET NORDIC METHODOLOGY AND SPECIFICATIONS
PIX SAWN TIMBER FAS FINLAND METHODOLOGY AND SPECIFICATIONS
FASTMARKETS FOEX/RISI CONFIDENTIAL CONTRIBUTED DATA PROTECTION PROTOCOL
FASTMARKETS FOEX – CODE OF CONDUCT
FASTMARKETS FOEX – COMPLAINTS POLICY
FASTMARKETS FOEX – METHODOLOGY REVIEW PROCCESS POLICY
FASTMARKETS FOEX – CORRECTIONS AND NEW PRICE LAUNCH POLICY
FASTMARKETS FOEX – DATA SUBMITTER POLICY
Fastmarkets FOEX is in the process of aligning its index procedures with IOSCO’s Principles for Oil Price Reporting Agencies (the “PRA Principles”). As part of this process, we will carry out an external audit by an independent auditing company of one PIX index methodology each year. In 2018, Fastmarkets FOEX also introduced a new Data Submitter policy to replace formal audits of price providers.
Pricing Notices
Pricing Notices are notifications of changes to price coverage, methodology and index specifications as well as introductions of new PIX indices.
PRICING NOTICE: Annual Review of PIX Paper Price Indices Methodology – Open Consultation
HELSINKI, March 15, 2023 (PIX Pulp and Paper indices) – Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Paper price indices, as part of its annual methodology review process.
This consultation, which is open until April 12, 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.
Fastmarkets FOEX proposes no changes to the current index methodology or specifications. Please find the current methodology for the FOEX PIX Paper price indices here.
Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com, with the respective subject heading "PIX Paper 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 April 26, 2023, on the 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.
PRICING NOTICE: Annual review of PIX European Pulp Price Indices Methodology – Final Decision
HELSINKI, March 13, 2023 (PIX Pulp & Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between January 31 and February 28, 2023 on the pricing methodology for its PIX European Pulp indices. The consultation was done as part of our annual methodology review process.
Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. The feedback was fully supportive of the current methodology.
To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document will be posted on foex.fi shortly.
PRICING NOTICE: PIX Pulp China indices not showing on foex.fi
Helsinki, March 10, 2023 (Fastmarkets FOEX) – Due to a technical issue, the PIX Pulp China indices did not appear on the foex.fi website today.
The values of March 10, 2023 are:
PIX Pulp China BHKP Net: $727.59 (-4.43)
PIX Pulp China NBSK Net: $909.19 (-0.88)
We apologize for the inconvenience caused.
PRICING NOTICE: Annual Review of PIX Recovered Paper Indices Methodology – Open Consultation
HELSINKI, February 22, 2023 (PIX Pulp and Paper indices) – Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Recovered Paper Europe and Germany price indices, as part of its annual methodology review process.
This consultation, which is open until March 22, 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 Recovered Paper price indices here.
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 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 April 5, 2023, on the 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.
PRICING NOTICE: Annual Review of PIX Sawn Softwood Timber Finland Indices - Final Decision
HELSINKI, February 17, 2023 (PIX Bioenergy and Wood Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between January 18 and February 15, 2023 on the pricing methodology for its PIX Sawn Softwood Timber Finland indices. The consultation was done as part of our annual methodology review process.
Fastmarkets FOEX would like to thank for the feedback received during the consultation period. It was fully supportive to our current methodology.
To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document will be soon posted on foex.fi.
PRICING NOTICE: PIX Recovered Paper Germany indices not showing on foex.fi
Helsinki, February 14, 2023 (Fastmarkets FOEX) – Due to a technical issue, the PIX Recovered Paper Germany indices of January did not appear on the foex.fi website today.
The values of February 14, 2023 are:
PIX RCP Mixed 1.02 GER: €65.35 (-2.64)
PIX OCC 1.04 GER: €75.15 (-5.88)
PIX ONP/OMG 1.11 GER: €169.22 (-13.41)
We apologize for the inconvenience caused.
PRICING NOTICE: Annual Review of PIX European Pulp Indices Methodology – Open Consultation
HELSINKI, January 31, 2023 (PIX Pulp and Paper indices) - Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX European Pulp price indices, as part of its annual methodology review process.
This consultation, which is open until February 28, 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.
Fastmarkets FOEX proposes no changes to the current index methodology or specifications. Please find the current methodology for the PIX Pulp Europe price indices (PIX NBSK and PIX BHKP) here.
Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com with the respective subject heading "PIX Pulp Europe 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 March 14, 2023, on the 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.
PRICING NOTICE: Annual Review of PIX Sawn Timber Finland Indices - Open Consultation
HELSINKI, January 18, 2023 (PIX Bioenergy and Wood Indices) - Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Sawn Softwood Timber FAS Finland price indices, as part of its annual methodology review process.
The open consultation, which is open until February 15, 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.
You can find the current index methodology and specifications for PIX Sawn Softwood Timber FAS Finland price indices here.
Please send responses in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com. Please add the subject heading "PIX Sawn Softwood Timber FAS Finland annual methodology review 2023”.
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 March 1, 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.
PRICING NOTICE: Annual Review of PIX Pellet Nordic Index - Final Decision
HELSINKI, January 11, 2023 (PIX Bioenergy and Wood Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between November 25 and December 31, 2022 on the pricing methodology for its PIX Pellet Nordic index. The consultation was done as part of our annual methodology review process
Fastmarkets FOEX would like to thank for the feedback received during the consultation period. It was fully supportive to our current methodology.
To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document will been soon posted on foex.fi.
PRICING NOTICE: Correction in PIX Recovered Paper Germany index letter
Helsinki, December 13, 2022 (Fastmarkets FOEX) – There was a misprint in today’s PIX Recovered Paper Germany index letter on foex.fi.
The correct value of PIX ONP/OMG 1.11 GER is EUR 195.83 (Change: -15.92 EUR)
The file has now been corrected on foex.fi.
We apologize for the inconvenience caused.
PRICING NOTICE: Annual review of the PIX NBSK Pulp US index in NORTH AMERICA – Final Decision
HELSINKI, December 9, 2022 (PIX Pulp & Paper Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between October 30 and November 25, 2022 on the pricing methodology for its PIX US NBSK Gross price index in NORTH AMERICA. The consultation was done as part of our annual methodology review process.
Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. The comments received were fully supportive to our current methodology.
To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document will be posted on foex.fi shortly.
PRICING NOTICE: Annual review on Fastmarkets FOEX methodology for the PIX Pellet Nordic Index - Open Consultation
PRICING NOTICE: PIX Sawn Timber Pine FAS Finland and PIX Sawn Timber Spruce FAS Finland not showing on foex.fi
PRICING NOTICE: Annual review on Fastmarkets FOEX methodology for the PIX US NBSK Gross Index in North America – Open consultation
PRICING NOTICE: August monthly average of PIX Paper LWC not showing on foex.fi
PRICING NOTICE: Correction in PIX Pellet Nordic Index Letter on July 19, 2022
PRICING NOTICE: Discontinuing the PIX US NBSK Net Change index – Notice of Implementation
PRICING NOTICE: Annual Review of PIX Pulp China Indices Methodology – Final Decision
PRICING NOTICE: Discontinuing the PIX US Newsprint index – Notice of Implementation
PRICING NOTICE: Annual Review of PIX Forest Biomass Finland Indices Methodology – Final Decision
PRICING NOTICE: Annual Review of PIX Packaging Price Indices Methodology – Final Decision
PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pulp China Price Indices
PRICING NOTICE: Annual Review of PIX Forest Biomass Finland Indices Methodology – Open Consultation
PRICING NOTICE: Annual Review of PIX Packaging Europe Indices Methodology – Open Consultation
PRICING NOTICE: Annual Review of PIX Paper Price Indices Methodology – Final Decision
PRICING NOTICE: Annual Review of PIX Recovered Paper Indices Methodology – Final Decision
PRICING NOTICE: Annual Review of PIX Paper Price Indices Methodology – Open Consultation
PRICING NOTICE: Annual review on FOEX methodology for PIX European Pulp Price Indices – Final Decision
PRICING NOTICE: Annual Review of PIX Recovered Paper Indices Methodology – Open Consultation
PRICING NOTICE: Annual Review of PIX Sawn Softwood Timber Finland Indices - Final Decision
PRICING NOTICE: Annual Review of PIX European Pulp Indices Methodology - Open Consultation
PRICING NOTICE: Open consultation on changes to PIX US Pulp coverage in the UNITED STATES – Final Decision
PRICING NOTICE: Annual Review of PIX Sawn Softwood Timber Finland Indices - Open Consultation
PRICING NOTICE: Changes to PIX Wood Finland Indices – Notice of Implementation
PRICING NOTICE: Changes to Fastmarkets FOEX PIX US Pulp coverage - Open consultation
PRICING NOTICE: Delayed publication of PIX Pulp China Indices on Sep 24, 2021
PRICING NOTICE: Delayed publication of PIX Pulp & Paper Indices on Aug 3, 2021
PRICING NOTICE: Open consultation on FOEX methodology for PIX China Pulp Price Indices – Final Decision
PRICING NOTICE: Open consultation on FOEX methodology for PIX Forest Biomass Finland Price Indices – Final Decision
PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Packaging Price Indices – Final Decision
PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pulp China Price Indices
PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Forest Biomass Finland
PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Packaging Price Indices
PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Paper Price Indices – Final Decision
PRICING NOTICE: Open consultation on FOEX methodology for Pellet Nordic Index – Final Decision
PRICING NOTICE: Open consultation on FOEX methodology for PIX European Recovered Paper Price Indices – Final Decision
COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Paper Price Indices
COVERAGE NOTE/PRICING NOTICE: Open consultation on FOEX methodology for PIX European Pulp Price Indices – Final Decision
COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pellet Nordic
COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX European Recovered Paper Price Indices
COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX European Pulp Indices
COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Notice of Implementation
COVERAGE NOTE: PIX Bioenergy, Biomass and Wood - New PIX SAWN TIMBER FAS FINLAND INDICES METHODOLOGY AND SPECIFICATIONS
COVERAGE NOTE: Open consultation on FOEX annual methodology review and proposed schedule change for the PIX Pulp China Indices – Final Decision
COVERAGE NOTE: Open consultation on FOEX methodology for PIX Packaging Europe Indices – Final Decision
COVERAGE NOTE: Open consultation on FOEX methodology for PIX Paper Indices – Final Decision
COVERAGE NOTE: Changes to PIX Pellet Continental Index Coverage – Implementation
COVERAGE NOTE: Open consultation on FOEX methodology for PIX Packaging Europe Indices
COVERAGE NOTE: Open consultation on FOEX methodology for PIX European Pulp and Recovered Paper Price Indices – Final Decision
COVERAGE NOTE: Correction to wording in PIX letter ‘PIX Pulp China Indices’ of March 10, 2020
COVERAGE NOTE: Correction to PIX Recovered Paper February average index values Feb 25, 2020
COVERAGE NOTE: Open consultation on FOEX methodology for PIX European Pulp and Recovered Paper Price Indices
COVERAGE NOTE: Fastmarkets moves to annual methodology reviews across PRA divisions
COVERAGE NOTE: PIX Pulp and Paper incorrect November monthly average values published this afternoon