RISI, FOEX Launch New U.S. NBSK Net Price Initiative
Print this Article | Send to Colleague
RISI, Boston, Mass., USA, in cooperation with FOEX, Helsinki, Finland, this week announced the successful completion of Stage 1 of a pilot program to launch a new index to measure month-to-month change in U.S. NBSK (northern bleached softwood kraft) pulp net prices.
The pilot program kicked off with market consultation in Q4 2015 and actual contributions starting in January, 2016.
"RISI and FOEX have spent the past two years researching a NET price index solution for U.S. NBSK. The new PIX NBSK Net Change Index is tracking month-to-month changes in weighted average net prices. FOEX is taking the lead in producing the index using their trusted PIX methodology," said Matt Graves, SVP, RISI Indices.
FOEX and RISI continue to operate as separate price reporting agencies. The current RISI U.S. NBSK effective list prices and spot prices will continue uninterrupted. The current PIX U.S. NBSK price will continue until further notice.
"It is critical that we have actual market participants involved in the testing and validation of this new index. We now have enough contributors for a viable index, however, we will continue the pilot phase through August to build up six months of solid history," said MarttiAiristo, director, FOEX.
During the pilot period, the index will be available only to those who contribute data.
To see a sample of the new index and learn more, email Martti Airisto.
