Mon 5 Dec 2016 12:26

BIX MGO up 1.9% in week 48, ICE Gasoil surged almost 10%


BIX MGO weekly average rose 0.2%, whilst end-of-week price was 1.9% higher.

The end-of-week daily global average for marine gas oil (MGO), the Bunker Index MGO (BIX MGO), rose for the second consecutive week in week 48, according to Bunker Index price data.

The BIX MGO ended the week at $570.17 per tonne - up $10.40, or 1.86 percent, on the $559.77-per-tonne price recorded on 25th November. It is the highest end-of-week price in four weeks. Friday's week-on-week increase is only the second since 21st October.

During the same 7-day period, the daily ICE Gasoil front-month settlement price skyrocketed $42.50 per tonne, or 9.83 percent, to $475.00 per tonne in week 48. It is the highest end-of-week price in over a year - since 9th October 2015. It is also the highest daily price since 12th October 2015.

Weekly averages

The global weekly MGO average rose by $1.29, or 0.23 percent, to $560.87 per tonne in week 48, up from $559.58 per tonne seven days earlier. It is the highest weekly average in three weeks.

During the same period, the ICE Gasoil front-month settlement weekly average was up $9.55 per tonne, or 2.16 percent, to $452.50 per tonne. It is the highest weekly average in five weeks - since 28th October.

The BIX MGO is the daily global average price for all MGO assessment prices published on the Bunker Index website.

Below are tables of recent end-of-week prices and weekly averages for the Bunker Index MGO (BIX MGO) and ICE Gasoil front-month settlement price.

End-of-week prices

Date Week Daily BIX MGO ($) $ (+/-) % (+/-)
02/12/2016 Week 48 570.17 +10.40 +1.86
25/11/2016 Week 47 559.77 +3.98 +0.72
18/11/2016 Week 46 555.79 -4.26 -0.76
11/11/2016 Week 45 560.05 -12.86 -2.24
04/11/2016 Week 44 572.91 -12.90 -2.20
28/10/2016 Week 43 585.81 -0.23 -0.04


Date Week Daily ICE Gasoil ($) $ (+/-) % (+/-)
02/12/2016 Week 48 475.00 +42.50 +9.83
25/11/2016 Week 47 432.50 +8.50 +2.00
18/11/2016 Week 46 424.00 +17.25 +4.24
11/11/2016 Week 45 406.75 -11.00 -2.63
04/11/2016 Week 44 417.75 -43.75 -9.48
28/10/2016 Week 43 461.50 -3.00 -0.65


Weekly averages

Week Ending Week BIX MGO Avg.($) $ (+/-) % (+/-)
02/12/2016 Week 48 560.87 +1.29 +0.23
25/11/2016 Week 47 559.58 +4.18 +0.75
18/11/2016 Week 46 555.40 -9.63 -1.70
11/11/2016 Week 45 565.03 -12.46 -2.16
04/11/2016 Week 44 577.49 -9.37 -1.60
28/10/2016 Week 43 586.86 +2.61 +0.45


Week From Week ICE Gasoil Avg. ($) $ (+/-) % (+/-)
02/12/2016 Week 48 452.50 +9.55 +2.16
25/11/2016 Week 47 442.95 +25.45 +6.10
18/11/2016 Week 46 417.50 +1.05 +0.25
11/11/2016 Week 45 416.45 -11.50 -2.69
04/11/2016 Week 44 427.95 -35.05 -7.57
28/10/2016 Week 43 463.00 -0.60 -0.13


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