BIX Indices for a given date are published once a day, between 00:00 and 06:00 GMT the following day. Indices are in US$ per metric tonne.

Historical Data

All historical data for BIX Indices is available to subscribers as a chart and download (in Excel, CSV or PNG). Indices for IFO 380 and MGO date back to April 2008, whilst VLSFO Indices begin in 2019. Note that VLSFO Indices prior to 2019 are not available as this product only entered the market in the run up to the implementation of IMO 2020 regulations on sulphur content.

BIX World Indices

Bunker Index publishes the following BIX World Indices: BIX World IFO 380, BIX World VLSFO and BIX World MGO. They are unweighted simple averages of all spot port prices for IFO 380, VLSFO and MGO, respectively.

BIX World 3 Indices

Bunker Index publishes the following BIX World 3 Indices: BIX World 3 IFO 380, BIX World 3 VLSFO and BIX World 3 MGO. They are unweighted simple averages of all spot port prices in Singapore, Rotterdam and Fujairah (the largest bunker ports in Asia-Pacific, Europe and the Middle East, respectively) for IFO 380, VLSFO and MGO.

BIX Regional Indices

Bunker Index publishes indices for the Americas, APAC (Asia-Pacific) and EMEA (Europe, Middle East and Africa) regions. For each region, the following indices are published: BIX [region name] IFO 380, BIX [region name] VLSFO and BIX [region name] MGO. They are unweighted simple averages of all spot port prices in the region for IFO 380, VLSFO and MGO, respectively.

BIX Indices: low and high

As all BIX Indices are published once a day (thus with no intraday low or high), Bunker Index publishes, for every index, a 'low', as the lowest individual spot port price, and a 'high', as the highest individual spot port price.

Why is this useful? Users gain further clarity because, for each index, they are able to see not only 1) the average spot port price (the index price), but also 2) the lowest and highest spot port price (the low and high). Additionally, 3) the range for all spot port prices (high minus low) is then easy to calculate.

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Methodology

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Data Access

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Product Terminology

Bio-VLSFO, or bio-blended VLSFO, is a blend of very-low-sulphur fuel oil (VLSFO) and biofuel. The ratio of biofuel is generally either 24% (B24 biofuel) or 30% (B30 biofuel).

IFO 180, or HSFO 180, is an intermediate fuel oil (IFO) with a maximum kinematic viscosity of 180 centistoke (cSt) at 50 degrees Celsius and a maximum sulphur content of 3.5%.

IFO 380, or HSFO 380, is an intermediate fuel oil (IFO) with a maximum kinematic viscosity of 380 centistoke (cSt) at 50 degrees Celsius and a maximum sulphur content of 3.5%.

LNG is liquefied natural gas. View the 'LNG price conversion' link above for further details.

LNG-380e, or LNG IFO 380 equivalent price, is the cost of LNG required to provide the same amount of energy as contained in one metric tonne of IFO 380. View the 'LNG price conversion' link above for further details.

LNG-MGOe, or LNG MGO equivalent price, is the cost of LNG required to provide the same amount of energy as contained in one metric tonne of MGO. View the 'LNG price conversion' link above for further details.

LNG-VLSFOe, or LNG VLSFO equivalent price, is the cost of LNG required to provide the same amount of energy as contained in one metric tonne of VLSFO. View the 'LNG price conversion' link above for further details.

LSMGO, or MGO 0.1%, or low-sulphur marine gasoil, is a DMA-specification distillate fuel with a maximum sulphur content of 0.1%.

MDO, or marine diesel oil, is a DMB-specification distillate fuel with a maximum sulphur content of 0.1%.

MGO is a generic term used to refer to marine gasoil. When referring to a specific type of marine gasoil, then either the terms LSMGO or MGO 0.5% will be used.

MGO 0.5% is a DMA-specification distillate marine gasoil with a maximum sulphur content of 0.5%.

ULSFO, or ULSFO 0.1%, or ultra-low-sulphur fuel oil, is a marine fuel oil blend with a maximum sulphur content of 0.10% designed to comply with strict emission regulations in Sulphur Emission Control Areas (SECAs). It blends residual and lighter distillate components, resulting in generally lower viscosity and density than traditional heavy fuel oils.

VLSFO, or VLSFO 0.5%, or very-low-sulphur fuel oil, is a marine fuel oil blend designed to comply with the IMO 2020 global sulphur cap of 0.50%. It blends residual and lighter distillate components, resulting in generally lower viscosity and density than traditional heavy fuel oils.

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  Did you know?

Bunker Index was, on April 14th, 2009, the first in the world to launch and publish regular USD-per-tonne global indices for marine fuels — a year after the website's launch in April 2008. On that date, Bunker Index began publishing world indices for IFO 380, IFO 180, MDO and MGO, plus a composite index for all fuel grades. It meant that, for the first time, market participants were able to carry out macro-level analysis of global bunker prices on a USD-per-tonne basis — the same as that used for port prices.