SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 1/2018 is -0.02

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 01/2018 is -0.02, with average rise of -0.53%. The data shows that China manufacturing economy is shrinking compared to last month.

Month 02/2017 03/2017 04/2017 05/2017 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018
RN 65 25 31 38 44 68 74 62 62 59 54 48
FN 32 72 67 57 52 29 26 37 36 39 44 50
BCI 0.33 -0.47 -0.36 -0.19 -0.08 0.39 0.48 0.25 0.26 0.20 0.10 -0.02
Average
Change
2.14% -4.35% -2.22% -1.01% 0.07% 2.47% 3.63% 2.44% 1.57% 2.36% 1.71% -0.53%

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.