In July 2015, prices for overseas traded hardwood chip were 14% below their peak four years ago, according to the latest FOEX Chip Price Indexes
Prices for hardwood chips traded overseas have been in steady decline since November 2011. On the contrary, the FOEX softwood chip price index has fluctuated more the past two years and has been on an upswing for the past three months.Prices for hardwood chips traded overseas have been in steady decline since November 2011. In less than four years, the FOEX hardwood chip price index (PIX-HCG) has fallen almost 14% to reach US$178.34 per oven-dry metric ton (odmt) in July 2015. The downward trend of the index has partly been the result of lower prices for hardwood chips, in US dollar terms,