Mon 12 Dec 2016 08:02

BIX MGO up to 6-week high


Third increase in a row for both the end-of-week and weekly average global MGO price.

The end-of-week daily global average for marine gas oil (MGO), the Bunker Index MGO (BIX MGO), rose for the third consecutive week in week 49, according to Bunker Index price data.

The BIX MGO ended the week at $580.67 per tonne - up $10.50, or 1.84 percent, on the $570.17-per-tonne price recorded on 2nd December. It is the highest end-of-week price in six weeks.

During the same seven-day period, the daily ICE Gasoil front-month settlement price dipped $2.00 per tonne, or 0.42 percent, to $473.00 per tonne. It is the first drop in four weeks.

Weekly averages

The global weekly MGO average rose $16.68, or 2.97 percent, to $577.55 per tonne in week 49, up from $560.87 per tonne seven days earlier. It is the highest average since the week ending 28th October 2016.

During the same period, the ICE Gasoil front-month settlement weekly average increased by $18.70, or 4.13 percent, to $471.20 per tonne. It is the highest weekly average in 14 months - since 9th October 2015.

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 ($) $ (+/-) % (+/-)
09/12/2016 Week 49 580.67 +10.50 +1.84
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 ($) $ (+/-) % (+/-)
09/12/2016 Week 49 473.00 -2.00 -0.42
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.($) $ (+/-) % (+/-)
09/12/2016 Week 49 577.55 +16.68 +2.97
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. ($) $ (+/-) % (+/-)
09/12/2016 Week 49 471.20 +18.70 +4.13
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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