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 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.

Jan 14, 2022

PRICING NOTICE: Annual Review of PIX Sawn Timber Finland Indices - Open Consultation

HELSINKI, January 14, 2022 (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 11, 2022, 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 in the current index methodology or specifications. You can find these 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”.

Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by February 25, 2022, on Fastmarkets FOEX website under Coverage Notes/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.

Jan 5, 2022

PRICING NOTICE: Annual Review of PIX Pellet Nordic Index - Final Decision

HELSINKI, January 5, 2022 (PIX Bioenergy and Wood Indices) - Fastmarkets FOEX invited feedback from the industry in an open consultation process between November 25th and December 31st, 2021 on the pricing methodology for its PIX Pellet Nordic index. The consultation was done as part of our annual methodology review process.

No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.

A newly dated methodology document is now available on foex.fi.

Dec 29, 2021

PRICING NOTICE: Changes to PIX Wood Finland Indices – Notice of Implementation

Helsinki, December 29, 2021 (PIX Bioenergy and Wood Indices) – As previously announced and following consultation, Fastmarkets FOEX has implemented the following changes to its PIX Sawlogs Finland, PIX Pulpwood Finland, and PIX Birchlogs Finland indices:

- Discontinued these indices on December 29, 2021.

For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Roundwood Finland indices” in the subject line of the email.

More information available here.

Dec 1, 2021

PRICING NOTICE: Changes to Fastmarkets FOEX PIX US Pulp coverage - Open consultation

HELSINKI, December 1, 2021 (PIX Pulp and Paper indices) - Fastmarkets FOEX is inviting feedback from the industry on the proposal to launch a new Net index for the North American market, and to discontinue two existing PIX US NBSK pulp indices.

This consultation, which is open until January 14, 2022, seeks to ensure that our proposal is handled 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 requests your comments and opinion (support/not support) on the following possible actions:

a) developing a monthly NET index for PIX US NBSK pulp in the format (e.g.) 900 USD/metric ton.

b) discontinuing the current PIX US NBSK (gross) and PIX US NBSK Net Change indices by June 30, 2022.

Please send responses and comments in writing on each point a) and b) and other possible comments, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com. Please add the subject heading "PIX US Pulp indices 2022”.

Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this open consultation by January 28, 2022, on the Fastmarkets FOEX website under Pricing Notices, including a summary of the feedback with the exception of those marked as confidential.

Dec 1, 2021

PRICING NOTICE: Discontinuing the PIX US Newsprint index – Open Consultation

HELSINKI, December 1, 2021 (PIX Pulp and Paper indices) - Fastmarkets FOEX is inviting feedback from the industry on the proposal to discontinue its PIX US Newsprint 27.65lb index.

This consultation, which is open until January 14, 2022, seeks to ensure that our proposal is handled 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 requests your comments and opinion (support/not support) on the following possible action: discontinuing the current PIX US Newsprint 27.65lb index by June 30, 2022.

Please send responses and comments in writing, preferably in electronic format, to the following address: pricing.foex@fastmarkets.com. Please add the subject heading "PIX US Newsprint”.

Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this open consultation by January 28, 2022, on the Fastmarkets FOEX website under Pricing Notices, including a summary of the feedback with the exception of those marked as confidential.

Nov 25, 2021

PRICING NOTICE: PIX Pellet Nordic - Open Consultation

Sep 24, 2021

PRICING NOTICE: Delayed publication of PIX Pulp China Indices on Sep 24, 2021

Aug 3, 2021

PRICING NOTICE: Delayed publication of PIX Pulp & Paper Indices on Aug 3, 2021

Jul 7, 2021

PRICING NOTICE: Changes to PIX Wood Finland Indices – Final Decision

Jul 2, 2021

PRICING NOTICE: Open consultation on FOEX methodology for PIX China Pulp Price Indices – Final Decision

Jun 16, 2021

PRICING NOTICE: Open consultation on FOEX methodology for PIX Forest Biomass Finland Price Indices – Final Decision

Jun 4, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Packaging Price Indices – Final Decision

May 21, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pulp China Price Indices

May 14, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Forest Biomass Finland

Apr 28, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Packaging Price Indices

Apr 26, 2021

PRICING NOTICE: Changes to PIX Wood Finland Indices – Consultation

Apr 20, 2021

PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Paper Price Indices – Final Decision

Mar 31, 2021

PRICING NOTICE: Open consultation on FOEX methodology for Pellet Nordic Index – Final Decision

Mar 30, 2021

PRICING NOTICE: Open consultation on FOEX methodology for PIX European Recovered Paper Price Indices – Final Decision

Mar 19, 2021

COVERAGE NOTE: Renaming Coverage Notes as Pricing Notices

Mar 16, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Paper Price Indices

Mar 12, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on FOEX methodology for PIX European Pulp Price Indices – Final Decision

Feb 25, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX Pellet Nordic

Feb 24, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX European Recovered Paper Price Indices

Feb 23, 2021

COVERAGE NOTE: PIX Paper weighting scale updated

Feb 19, 2021

COVERAGE NOTE: PIX Sawn Softwood Timber FAS Finland – Final Decision

Jan 29, 2021

COVERAGE NOTE/PRICING NOTICE: Open consultation on Fastmarkets FOEX methodology for PIX European Pulp Indices

Jan 15, 2021

COVERAGE NOTE: PIX Sawn Softwood Timber FAS Finland - Open Consultation

Oct 13, 2020

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Notice of Implementation

Aug 28, 2020

COVERAGE NOTE: PIX Bioenergy, Biomass and Wood - New PIX SAWN TIMBER FAS FINLAND INDICES METHODOLOGY AND SPECIFICATIONS

Jul 17, 2020

COVERAGE NOTE: Open consultation on FOEX annual methodology review and proposed schedule change for the PIX Pulp China Indices – Final Decision

Jun 17, 2020

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Final Decision

Jun 5, 2020

COVERAGE NOTE: PIX China - proposed schedule change and open consultation

May 28, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX Packaging Europe Indices – Final Decision

May 12, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX Paper Indices – Final Decision

May 8, 2020

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Open Consultation

May 6, 2020

COVERAGE NOTE: Changes to PIX Pellet Continental Index Coverage – Implementation

Apr 24, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX Packaging Europe Indices

Apr 7, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX Paper Indices

Mar 19, 2020

COVERAGE NOTE: Fastmarkets Forest Products business continuity statement

Mar 13, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX European Pulp and Recovered Paper Price Indices – Final Decision

Mar 11, 2020

COVERAGE NOTE: Correction to wording in PIX letter ‘PIX Pulp China Indices’ of March 10, 2020

Feb 25, 2020

COVERAGE NOTE: Correction to PIX Recovered Paper February average index values Feb 25, 2020

Jan 31, 2020

COVERAGE NOTE: Open consultation on FOEX methodology for PIX European Pulp and Recovered Paper Price Indices

Jan 23, 2020

COVERAGE NOTE: Fastmarkets moves to annual methodology reviews across PRA divisions

Jan 22, 2020

COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Implementation

Jan 7, 2020

COVERAGE NOTE: Changes to US Newsprint Coverage – Implementation

Dec 23, 2019

COVERAGE NOTE: Changes to PIX Pellet Continental Coverage – Final Decision

Dec 23, 2019

COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Final Decision

Dec 12, 2019

COVERAGE NOTE: Weighting cap added to PIX Pulp & Paper and Biomass indices

Dec 4, 2019

COVERAGE NOTE: PIX publishing dates during the year-end holiday season

Nov 29, 2019

COVERAGE NOTE: Changes to PIX Pellet Continental Coverage – Consultation

Nov 29, 2019

COVERAGE NOTE: Changes to PIX Woodchip Indices Coverage – Consultation

Nov 26, 2019

COVERAGE NOTE: PIX Pulp and Paper incorrect November monthly average values published this afternoon

Aug 13, 2019

COVERAGE NOTE: Changes to US Newsprint Coverage – Final Decision

Jul 11, 2019

COVERAGE NOTE: PIX Paper Indices - NEW PIX PAPER INDICES METHODOLOGY AND SPECIFICATIONS

Jul 1, 2019

COVERAGE NOTE: PIX Packaging Europe Indices - NEW METHODOLOGY AND SPECIFICATIONS

Jun 28, 2019

COVERAGE NOTE: PIX US Pulp Index - NEW METHODOLOGY AND SPECIFICATIONS

Jun 27, 2019

COVERAGE NOTE: Call for comments on new indices for the MENA region

Jun 26, 2019

COVERAGE NOTE: PIX Bioenergy - New PIX PELLET NORDIC INDEX METHODOLOGY AND SPECIFICATIONS

Jun 4, 2019

COVERAGE NOTE: Changes to US Newsprint Coverage - Consultation

May 24, 2019

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Final Decision

Apr 18, 2019

COVERAGE NOTE: Changes to PIX Forest Biomass Finland – Consultation

Mar 21, 2019

Change in the publishing time of the PIX Pulp & Paper indices - Notice of Implementation

Mar 7, 2019

Proposed change in the publishing time of the PIX Pulp & Paper indices - Consultation

Mar 1, 2019

PIX Recovered Paper Europe Indices - Methodology Update

Nov 1, 2018

PIX Pulp Europe Methodology and Specifications - Adjustments

Apr 5, 2018

PIX Recovered Paper Europe Indices -New Methodology

Dec 8, 2017

Changes to PIX China Indexes

Apr 4, 2017

PIX Pulp China Net Indices - Launch