COVERAGE NOTE: Fastmarkets RISI extends consultation on nonwovens market coverage
BURLINGTON, MA, April 9, 2020 (Fastmarkets RISI) – Fastmarkets RISI is extending the consultation period for changes to nonwovens markets price coverage by one more month until May 4th.
On March 3, Fastmarkets RISI launched a consultation on rationalizing its coverage of nonwovens markets, including to discontinue assessments for Roll Goods and Cotton indices, potentially with effect from July 2020. Among other outlets, these prices appear monthly in the Nonwovens Markets newsletter and the Nonwovens Price & Cost Monitor report, as well as the Fastmarkets RISI online portal and mobile app.
Initially, the consultation period was due to last until April 3, but Fastmarkets RISI has decided to extend this to gather more feedback from stakeholders.
The proposed move is in-line with a company-wide policy to improve price discovery processes and to focus attention on the most liquid, important markets. Fastmarkets RISI is unifying its price assessment methodologies and policies to comply with Fastmarkets’ internal guidelines and the IOSCO principles for price reporting agencies. In this environment, it is not feasible to continue assessing certain markets.
The following assessments would potentially be discontinued:
Price ID Price Name
1094 Roll Goods, Spunbond polypropylene, thermalbond (0.4osy/14gsm), North America
1095 Roll Goods, Spunlace viscose/polyester (1.6 osy/55 gsm), North America
1096 Roll Goods, SMS polypropylene (17 gsm), North America
1104 Roll Goods, Airlaid Pulp (latex bond, w/o SAP, 55-65 gsm), Europe
1105 Roll Goods, Multibonded airlaid (w/o SAP, 60-70 gsm), Europe
1106 Roll Goods, Carded polypropylene, thermal bond (18-20 gsm), Europe
1107 Roll Goods, Spunbond polypropylene, coverstock (15-17 gsm), Europe
1108 Roll Goods, SMS polypropylene, barrier legcuff (15 gsm), Europe
1109 Roll Goods, Spunlace viscose/polyester (50-60 gsm), Europe
1117 Roll Goods, Airlaid pulp (1.9 osy/55 gsm), North America
12115 Staple Fiber, Cotton A Index, North America
12116 Staple Fiber, US Cotton Benchmark, US
Fastmarkets RISI will retain assessments for polymers, pulp and staple fibers.
At the same time, Fastmarkets RISI is inviting feedback from the industry on the pricing methodologies for nonwovens markets. This consultation seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
To provide feedback on this consultation, please email email@example.com giving “Nonwovens markets consultation” in the subject-line of the email.
For more information on Fastmarkets RISI’s methodology for nonwovens markets, please see here.
For other Fastmarkets RISI coverage notes, please see here.