PIX Methodologies & Policies

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.