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Mon 12 Dec 2016, 07:43 GMT

Weekly BIX 380 at highest level since July 2015


Highest weekly average and end-of-week BIX 380 in over 16 months.

The daily global average for 380 centistoke (cSt) intermediate fuel oil (IFO), the Bunker Index 380 (BIX 380), recorded its highest end-of-week price of the year on Friday.

The daily BIX 380 ended week 49 at $340.99 per tonne, up $11.77, or 3.6 percent, on the figure recorded seven days earlier.

Friday's price was not only the highest end-of-week BIX 380 of 2016, but also the highest daily figure of the year - and since the $345.82-per-tonne price recorded on 23rd July 2015. The week-on-week increase was the third in a row.

Meanwhile, the weekly BIX 380 average increased by $17.24, or 5.4 percent, to $337.55 per tonne, up from $320.31 per tonne the previous week. The $337.55-per-tonne average is the highest since the week ending 24th July 2015 ($347.40 per tonne).

The BIX 380 is the daily global average price for all 380 cSt (or IFO 380) assessment prices published on the Bunker Index website.

Below are tables of recent end-of-week daily BIX 380 prices and weekly BIX 380 averages.

End-of-week prices

Date Week Daily BIX 380 ($) $ (+/-) % (+/-)
09/12/2016 Week 49 340.99 +11.77 +3.58
02/12/2016 Week 48 329.22 +13.28 +4.20
25/11/2016 Week 47 315.94 +10.22 +3.34
18/11/2016 Week 46 305.72 -1.21 -0.39
11/11/2016 Week 45 306.93 -1.05 -0.34
04/11/2016 Week 44 307.98 -12.96 -4.04
28/10/2016 Week 43 320.94 -0.47 -0.15


Weekly averages

Week Ending Week BIX 380 Avg. ($) $ (+/-) % (+/-)
09/12/2016 Week 49 337.55 +17.24 +5.38
02/12/2016 Week 48 320.31 +7.41 +2.37
25/11/2016 Week 47 312.90 +7.81 +2.56
18/11/2016 Week 46 305.10 -2.95 -0.96
11/11/2016 Week 45 308.05 -5.62 -1.79
04/11/2016 Week 44 313.66 -8.57 -2.66
28/10/2016 Week 43 322.23 +3.19 +1.00

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