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The Bunker Index (BIX) - the Average Global Bunker Price (AGBP) expressed in US$ per metric tonne - rose by $48.22, or 9.6 percent during the month of October.

The lowest BIX price in October was $501.05 on October 5th whilst the highest of $552.51 was reached on October 30th as bunker prices continued to soar during the course of the month.

Please find below a Bunker Index (BIX) statistical summary for October.

Bunker Index(BIX) October Statistics:
(Prices below in US$/mt)

October 1: 504.29
October 30: 552.51
Price change ($): +48.22
Price change (%): +9.6 %

Average Price: 528.47
Lowest Price: 501.05 (October 5)
Highest Price: 552.51 (October 30)

Below is a comparison table for the April to October period showing the change in price between the first and last day of each month. The table shows that the $48.22 increase in October is the highest intra-month price rise since May, when the Bunker Index (BIX) rose by $66.56 or 17.4 percent.

Month	+/- ($)	+/- (%)
October:	+48.22	+9.6 %
September:	-32.15	-6.1%
August:	+16.95	+3.3%
July:	+2.86	+0.6%
June:	+43.44	+9.5%
May:	+66.56	+17.4%
April:	+17.43	+4.8%

The table below is a good indicator of intra-month price volatility as it shows the difference in price between the lowest and highest recorded price for each month between April and October.

Month	Low-High Difference ($)
October:	48.22
September:	32.15
August:	24.11
July:	45.03
June:	43.44
May:	66.56
April:	19.81