UEEX introduced indices of weighted average prices for untreated timber

To create a benchmark and increase the level of transparency, the Ukrainian Energy Exchange introduced the calculation of weighted average price indices for untreated timber from October 10.

UEEX specialists calculate weekly and monthly indices on the basis of exchange agreements in the direction of "Untreated timber and lumber" concluded in the relevant periods, taking into account the price, assortment, quality class and species of untreated timber.

The price index for untreated timber is determined based on the weighted average price in accordance with the species and quality class.

Firewood price indices are calculated by species (for industrial and non-industrial use) and species groups on a weighted average basis, i.e. by dividing the total value of untreated timber (including VAT) in the relevant period (week or month) for the amount of volumes of untreated timber sold under the relevant concluded exchange agreements.

It is this calculation that makes it possible to correctly assess the market price and its trend for the product, taking into account the share of the resource by quality classes, diameter groups and other parameters.

Monthly and weekly weighted average price indices will be published on the official website of the UEEX separately every week.

“The weighted average price index for untreated timber is an indicator that characterizes the state of the market and its segments. Its publication increases the level of transparency of trading. Allows participants to see pricing trends, calculate their business opportunities and profitably sell or purchase raw materials. We try to make trading as convenient as possible for our clients, and this innovation is an example of this,” - said Kostiantyn Shevchuk, Deputy CEO of UEEX LLC.