Softwood Pulp futures provide a way to:

• Trade cash-settled contracts based on the PIX NBSKP Europe Index by FOEX Indexes Ltd. [See link content below]
• Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of wood pulp
• Evaluate or reflect on both the current and future supply and demand situation for wood pulp and related products
• Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in wood pulp

Things to Know:

• Softwood Pulp futures are a cash-settled contract based on 20 metric tons (MT) times the PIX NBSKP Europe Index monthly average per MT
• You can view free electronic real-time price quotes on Softwood Pulp futures, including:
  • Best bids and offers
  • Daily trading activity
  • Outright and spread markets
• Contracts trade virtually 24 hours a day on the CME Globex electronic trading platform
• Electronically traded Softwood Pulp futures offer:
  • Direct participation in the trading process
  • Greater pricing efficiency
  • Millisecond response time
  • Designated market makers

FOEX Indexes Ltd.

FOEX Indexes Ltd. is a private, Finland-based independent company that specializes in providing audited, trade-mark registered pulp and paper price indexes. FOEX indexes are widely used in the global forest products industry as benchmarks for cash market transactions and over-the-counter trading. The PIX NBSKP Europe Index focuses on northern bleached softwood kraft pulp of European origin, which comprises the largest category of pulp.