July the most volatile month of the year so far

Bunker price volatility rose to its highest level since December during the month of July.



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Updated on 03 Aug 2015 10:47 GMT

Bunker price volatility rose to its highest level of the year so far during the month of July, according to Bunker Index price data.

In a comparison of low-to-high differentials for the daily Bunker Index (BIX) global average, July recorded a differential of $51.37 per tonne, up from $17.95 per tonne in June.

The highest daily global bunker average last month was $527.14 per tonne, recorded on July 1, whilst the lowest price was $475.77 per tonne on July 31.

Please find below a table showing the intra-month price volatility of global bunker prices between April 2009 and July 2015.

All prices are in USD per metric tonne.

Month Low-High
Differential ($)
Low ($) High ($)
Jul-15 51.37 475.77 527.14
Jun-15 17.95 525.08 543.03
May-15 14.62 534.57 549.19
Apr-15 34.92 499.08 534.00
Mar-15 35.20 499.26 534.46
Feb-15 50.35 482.62 532.97
Jan-15 48.61 477.44 526.05
Dec-14 91.04 525.09 616.13
Nov-14 53.50 619.07 672.57
Oct-14 67.31 674.79 742.10
Sep-14 23.37 743.66 767.03
Aug-14 13.34 764.24 777.58
Jul-14 18.55 778.02 796.57
Jun-14 13.19 786.93 800.12
May-14 8.27 784.14 792.41
Apr-14 8.91 785.71 794.62
Mar-14 12.44 789.12 801.56
Feb-14 14.81 785.49 800.30
Jan-14 11.58 783.85 795.43
Dec-13 8.45 789.78 798.23
Nov-13 15.08 775.38 790.46
Oct-13 9.51 785.64 795.15
Sep-13 14.96 793.20 808.16
Aug-13 23.09 785.94 809.03
Jul-13 14.21 782.20 796.41
Jun-13 18.16 778.58 796.74
May-13 12.86 780.06 792.92
Apr-13 42.34 774.36 816.70
Mar-13 15.79 809.89 825.68
Feb-13 25.25 828.23 853.48
Jan-13 25.00 809.78 834.78
Dec-12 14.55 798.03 812.58
Nov-12 12.00 804.14 816.14
Oct-12 22.74 821.23 843.97
Sep-12 28.02 839.28 867.30
Aug-12 51.96 800.77 852.73
Jul-12 44.77 761.50 806.27
Jun-12 50.40 753.89 804.29
May-12 76.59 813.74 890.33
Apr-12 17.47 882.87 900.34
Mar-12 14.36 893.30 907.66
Feb-12 43.57 850.51 894.08
Jan-12 32.87 825.20 858.07
Dec-11 26.07 804.06 830.13
Nov-11 30.28 819.92 850.20
Oct-11 42.17 790.04 832.21
Sep-11 32.43 801.43 833.86
Aug-11 42.42 806.42 848.84
Jul-11 34.77 812.66 847.43
Jun-11 44.72 798.53 843.25
May-11 56.39 803.55 859.94
Apr-11 44.61 814.95 859.56
Mar-11 37.1 771.53 808.63
Feb-11 77.51 695.08 772.59
Jan-11 40.05 648.23 688.28
Dec-10 32.11 617.5 649.61
Nov-10 30.47 599.97 630.44
Oct-10 15.38 590.42 605.80
Sep-10 18.18 563.2 581.38
Aug-10 37.4 560.59 597.99
Jul-10 22.55 556.51 579.06
Jun-10 23.46 563.73 587.19
May-10 67.83 558.16 625.99
Apr-10 33.33 574.65 607.98
Mar-10 14.79 557.88 572.67
Feb-10 33.25 530.62 563.87
Jan-10 41.68 545.45 587.13
Dec-09 31.84534.52 566.36
Nov-09 9.54 547.65 567.95
Oct-09 48.22501.05 552.51
Sep-09 32.15493.40525.55
Aug-09 24.11 509.70 533.81
Jul-09 45.03460.73 505.76
Jun-09 43.44457.87501.31
May-09 66.56383.18 449.74
Apr-09 19.81370.12389.93