Financial news company Dow Jones is introducing a new index to its list of commodity indexes. The company has created the Dow Jones Recovered Paper Index, which has been created as a transaction based, volume-weighted measure of recycled paper prices.
The index represents actual mill pricing in various geographic areas.
The index began with Old Corrugated Container (OCC) #11 in the Midwest in February 2006. Since then, data for the New England and Southeast markets has been added with additional regions coming on line as the year proceeds.
Other grades that are set to be added to the index include both Old Newspaper (No. 6) and Deinked News (No. 8). Following those grades, Dow Jones is looking at adding both sorted office paper and coated groundwood sections to its index list, although there is no announced time frame when these commodities will be tracked.
The index is based on verifiable, auditable price and volume information. The goal of the index is to provide a pricing mechanism that can be used for contract settlement, research and analysis as well as a benchmark for a futures market.
The Dow Jones publishes the data for each month on the 10th business day of the following month at www.djindexes.com .
Any company interested in participating in the program are asked to contact either George Kogut, george.kogut@dowjones.com (609) 520-7067 or Ernest Onukogu, ernest.onukogu@dowjones.com (609) 520 4663.