Fastmarkets and NOREXECO Unveil Revolutionary European Pulp Futures Contracts for the Market
Fastmarkets and NOREXECO Launch European Pulp Futures
In a landmark development for the pulp and paper industry, Fastmarkets and NOREXECO have announced the launch of pioneering spot futures contracts for the Northern Bleached Softwood Kraft (NBSK) and Bleached Eucalyptus Kraft (BEK) markets. This strategic move is set to reshape how players in the European pulp market manage price risks, marking a significant evolution that could enhance transparency and efficiency in pricing.
The Significance of Spot Futures Contracts
Traditionally, European futures contracts have been settled against Fastmarkets' PIX indices, which indicate gross contract prices. However, the introduction of these new contracts signifies a shift towards utilizing spot price levels, reflecting a more accurate representation of the current market environment. This change is aimed at providing stakeholders with more effective means to manage price exposure, ultimately leading to better risk management strategies and decision-making processes.
According to Matt Graves, Senior Vice President at Fastmarkets,
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