Scandinavia – NOREXECO ASA, a Norwegian exchange services provider for the pulp and paper industry, plans to start listing the most widely traded grade of recovered paper – namely OCC – from the beginning of 2018. The move is subject to regulatory approval.
From the proposed listing date, NOREXECO will set closing prices, have tradeable prices on screen and will be open for block trades. Ongoing consultations with the industry will determine product structure, indexes, settlement, etc.
‘Gaining essential support from major industrial participants will be of crucial importance to make OCC a liquid market,’ the company stresses.
‘In a volatile world with great challenges, we have been welcomed as a stabilising factor,’ comments NOREXECO’s ceo Stein Ole Larsen. ‘Our discussions with the stakeholders so far indicate support for this listing. We believe that the paper industry should have the same opportunity to manage their price risks in a fully-regulated marketplace as other mature industries.’
The first product listed by NOREXECO was pulp – volumes of which have increased steadily since the first transaction in April last year, according to the company.
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