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The global Bunker Index (BIX) monthly average rose to its highest level in 14 months in October, according to Bunker Index price data.

October's monthly average increased by $25.68, or 6.2 percent, to $438.79 per tonne, up from the previous month's figure of $413.11 per tonne.

The $438.79 price is the highest since August 2015. The increase is the most significant in five months, since May.

The BIX is the daily global average price for all the 700-plus assessment prices published on the site, covering over 300 ports and the major fuel grades: IFO 380, IFO 180, MDO, and MGO. Every month, a dollar average for all the month's assessment prices is calculated.

Please see the table below for a BIX monthly average history dating back to January 2011.

Month	BIX Average	+/- ($)	+/- (%)
Oct 2016	438.79	+25.68	+6.2%
Sep 2016	413.11	+5.13	+1.3%
Aug 2016	407.98	-6.84	-1.6%
Jul 2016	414.82	-0.42	-0.1%
Jun 2016	415.24	+23.20	+5.9%
May 2016	392.04	+30.14	+8.3%
Apr 2016	361.90	+9.85	+2.8%
Mar 2016	352.05	+13.26	+3.9%
Feb 2016	338.79	-4.04	-1.2%
Jan 2016	342.83	-34.20	-9.1%
Dec 2015	377.03	-42.34	-10.1%
Nov 2015	419.37	-15.50	-3.6%
Oct 2015	434.87	-3.03	-0.7%
Sep 2015	437.90	-11.09	-2.5%
Aug 2015	448.99	-49.77	-10.0%
Jul 2015	498.76	-36.76	-6.9%
Jun 2015	535.52	-8.48	-1.6%
May 2015	544.00	+30.94	+6.0%
Apr 2015	513.06	+0.31	+0.06%
Mar 2015	512.75	-5.65	-1.1%
Feb 2015	518.40	+23.79	+4.8 %
Jan 2015	494.61	-65.54	-11.7 %
Dec 2014	560.15	-89.61	-13.8 %
Nov 2014	649.76	-50.57	-7.2 %
Oct 2014	700.33	-53.49	-7.1 %
Sep 2014	753.82	-15.61	-2.0 %
Aug 2014	769.43	-13.33	-1.7 %
Jul 2014	782.76	-11.05	-1.4 %
Jun 2014	793.81	+4.76	+0.6 %
May 2014	789.05	+0.09	+0.01 %
Apr 2014	788.96	-3.85	-0.5 %
Mar 2014	792.81	-0.82	-0.1 %
Feb 2014	793.63	+5.78	+0.7 %
Jan 2014	787.85	-5.72	-0.7 %
Dec 2013	793.57	+11.58	+1.5 %
Nov 2013	781.99	-9.31	-1.2 %
Oct 2013	791.30	-7.95	-1.0 %
Sep 2013	799.25	+2.96	+0.4%
Aug 2013	796.29	+5.44	+0.7%
Jul 2013	790.85	+4.29	+0.5%
Jun 2013	786.56	-0.05	-0.006%
May 2013	786.61	-4.64	-0.6%
Apr 2013	791.25	-25.71	-3.1%
Mar 2013	816.96	-27.77	-3.3%
Feb 2013	844.73	+21.31	+2.6%
Jan 2013	823.42	+19.38	+2.4%
Dec 2012	804.04	-6.05	-0.7%
Nov 2012	810.09	-23.85	-2.9%
Oct 2012	833.94	-19.14	-2.2%
Sep 2012	853.08	+20.09	+2.4%
Aug 2012	832.99	+47.42	+6.0%
Jul 2012	785.57	+10.62	+1.4%
Jun 2012	774.95	-70.59	-8.3%
May 2012	845.54	-43.51	-4.9%
Apr 2012	889.05	-13.09	-1.5%
Mar 2012	902.14	+28.38	+3.2%
Feb 2012	873.76	+24.73	+2.9%
Jan 2012	849.03	+30.85	+3.8%
Dec 2011	818.18	-16.64	-2.0%
Nov 2011	834.82	+20.21	+2.5%
Oct 2011	814.61	-5.29	-0.6%
Sep 2011	819.90	+0.52	+0.06%
Aug 2011	819.38	-15.42	-1.8%
Jul 2011	834.80	+11.61	+1.4%
Jun 2011	823.19	+1.11	+0.1%
May 2011	822.08	-24.57	-2.9%
Apr 2011	846.65	+46.40	+5.8%
Mar 2011	800.25	+71.17	+9.8%
Feb 2011	729.08	+62.34	+9.3%
Jan 2011	666.74	+29.67	+4.7%

For further details regarding Bunker Index regional and global indices, please click on the following link to our index summary page below.

http://www.bunkerindex.com/prices/indices.php