SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 9/2019 is 0.31

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 09/2019 is 0.31, with average rise of 3.77%. The data shows that China manufacturing economy is expanding compared to last month.

Month 10/2018 11/2018 12/2018 01/2019 02/2019 03/2019 04/2019 05/2019 06/2019 07/2019 08/2019 09/2019
RN 39 17 30 45 55 33 35 24 38 48 46 64
FN 60 81 67 48 37 60 57 73 59 51 51 33
BCI -0.21 -0.64 -0.37 -0.03 0.18 -0.27 -0.22 -0.49 -0.21 -0.03 -0.05 0.31
Average
Change
-0.42% -7.26% -2.58% 0.13% 0.69% -0.89% -0.52% -2.98% -0.33% 0.4% -0.25% 3.77%

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.