BOSTON, June 10, 2016 /PRNewswire/ -- RISI, in cooperation with FOEX, today announced the successful completion of Stage 1 of a pilot program to launch a new index to measure month-to-month change in US NBSK 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 US 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 US NBSK effective list prices and spot prices will continue uninterrupted. The current PIX US 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 in order to build up 6 months of solid history," said Martti Airisto, 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, contact Martti Airisto at FOEX: firstname.lastname@example.org
About FOEX Indexes Ltd (www.foex.fi)
FOEX Indexes Ltd is a specialised provider of audited, trade-mark registered pulp, paper, recovered paper and wood based bioenergy/biomass price indices. FOEX is based in Helsinki, Finland.
About RISI (www.risi.com)
RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, packaging, wood products, timber, biomass, tissue and nonwovens industries to help them make better decisions.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.
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