SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 11/2018 is -0.64

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 11/2018 is -0.64, with average rise of -7.26%. The data shows that China manufacturing economy is shrinking compared to last month.

Month 12/2017 01/2018 02/2018 03/2018 04/2018 05/2018 06/2018 07/2018 08/2018 09/2018 10/2018 11/2018
RN 54 48 54 28 63 60 34 54 73 61 39 17
FN 44 50 41 68 35 37 65 42 26 39 60 81
BCI 0.10 -0.02 0.13 -0.40 0.28 0.23 -0.31 0.12 0.47 0.22 -0.21 -0.64
Average
Change
1.71% -0.53% -0.05% -1.85% 1.62% 1.42% -1.85% 0.59% 3.93% 1.56% -0.42% -7.26%

Bulk Commodity Index(BCI) is the monthly index to monitor China macro-economy. Its mechanism is as follows:

1. Select 100 commodities which covers Oil, Energy, Petrochemicals, Textiles, Metals, Non-ferrous and mostly represent the above 8 industries

2. Count the rising number(RN) and the falling number (FN)

3. Calculate the value of BCI by the formular of
    BCI=(RN-FN)/100

Based on the above mechanism, the BCI can show 3 points:

    1. BCI>0 indicates that China manufacturing industry economy is expanding;

    2. BCI=0 indicates that China manufacturing industry economy remains steady.

    3. BCI<0 indicates that China manufacturing industry economy is shrinking.