A

Air‑dry tonne (adt) — A standardised pulp or wood weight adjusted to typical moisture content.
Availability — The volume of product accessible to the market within the delivery period.

B

Basis weight — The weight of paper per unit area, indicating thickness and strength.
BHK (Bleached Hardwood Kraft) — A short‑fibre market pulp grade used in tissue, printing and packaging.
Bleached pulp — Pulp chemically treated to increase brightness.
Board — Thick paper‑based material used mainly for packaging.
Boxboard — Paperboard used for folding cartons and consumer packaging.
Brightness — A measure of light reflectance of pulp or paper.

C

Capacity — The maximum output a mill can produce under normal conditions.
Cartonboard — Paperboard used for food and consumer packaging.
Certified fibre — Fibre verified against recognised forest certification schemes.
Chemical pulp — Pulp produced by dissolving lignin using chemical processes.
Chip — Small pieces of wood used as pulp feedstock.
Containerboard — Linerboard and corrugating medium used to make corrugated boxes.
Corrugated medium — The fluted paper layer in corrugated board.
Corrugated board — Packaging material made from linerboard and corrugating medium.

D

Demand — The quantity buyers are willing to purchase at prevailing prices.
Delivered price — A price including transport to the buyer’s location.
Dissolving pulp — High‑purity pulp used for textiles and chemical applications.
Downtime — Period when a mill is idle due to maintenance or market conditions.

F

Fibre — The basic raw material of paper, derived from wood or recycled sources.
Fluting — Another term for corrugating medium.
FOEX PIX Index — A mathematically calculated benchmark based on concluded transactions only.
Forest certification — Independent verification of responsible forest management.

G

Graphic papers — Paper grades used for printing and publishing, including newsprint and printing & writing.
Grammage — Weight of paper per square metre.
Groundwood pulp — Mechanical pulp retaining most lignin.

H

Hardwood — Wood from broad‑leaved trees producing short fibres.
Hardwood lumber — Lumber sawn from hardwood species, used in furniture, flooring and interiors.
HMR (Hardwood Market Report) — Fastmarkets brand covering hardwood lumber, logs and flooring markets.
Hygiene papers — Tissue, towel and related sanitary paper products.

I

Index — A calculated benchmark price derived from defined market data (FOEX usage).
Inventory — Stocks of finished or intermediate products held by producers or buyers.

K

Kraft linerboard — Strong linerboard made using the kraft pulping process.
Kraft pulp — Chemical pulp produced using the kraft process.

L

Lead time — Time between order placement and delivery.
Lignin — Natural polymer binding wood fibres together.
Linerboard — Flat paper layers used in corrugated board.
Logs — Unprocessed tree stems used for lumber or veneer production.

M

Market pulp — Pulp sold to an entity independent of the producer, or pulp that crosses a national border.
Mechanical pulp — Pulp produced by mechanically grinding wood.
Mill — Facility producing pulp, paper, board or lumber.
Moisture content — The percentage of water in fibre, paper or wood.

N

NBSK (Northern Bleached Softwood Kraft) — A benchmark long‑fibre market pulp grade.
Newsprint — Low‑basis‑weight paper used for newspapers.

O

Operating rate — Actual production as a percentage of installed capacity.
Order book — Outstanding customer orders awaiting fulfilment.
Other packaging paper and board — Packaging grades excluding containerboard and boxboard.

P

Packaging grades — Paper and board used for protective and consumer packaging.
Paperboard — Thick paper used for cartons and packaging.
PIX — FOEX price index series name.
Pulp — Fibrous material used to manufacture paper and board.
Pulpwood — Wood harvested specifically for pulp production.

R

Random Lengths — Fastmarkets brand covering lumber and structural panel markets.
Recovered paper — Used paper collected and prepared for recycling, traded by defined grades.
Recycled fibre — Fibre sourced from recovered paper.
Rollstock — Large rolls of paper or board sold for conversion.
Run rate — Production output level over a given period.

S

Softwood — Wood from coniferous trees producing long fibres.
Softwood lumber — Lumber sawn from softwood species, used in construction.
Spot market — Short‑term purchasing activity outside longer‑term supply arrangements.
Stock — Another term for paper or board grade.
Structural panels — Engineered wood products such as plywood and OSB.

T

Tissue — Lightweight paper used for hygiene applications.
Total delivered cost — Price including product, freight and surcharges.

U

Unbleached kraft pulp — Brown chemical pulp used mainly in packaging grades.

V

Virgin fibre — Fibre sourced directly from wood, not recycled.
Volatility — Degree of price movement over time.

W

Waste paper — Used paper collected for recycling.
Woodfree paper — Paper made without mechanical pulp.
Wood products — Lumber, panels and other solid‑wood materials.