SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 3/2021 is 0.05

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 03/2021 is 0.05, with average rise of 0.59%. The data shows that China manufacturing economy is expanding compared to last month.

Month 04/2020 05/2020 06/2020 07/2020 08/2020 09/2020 10/2020 11/2020 12/2020 01/2021 02/2021 03/2021
RN 48 68 57 58 62 57 72 81 67 65 86 52
FN 50 31 39 40 34 42 27 18 30 31 12 47
BCI -0.02 0.37 0.18 0.18 0.28 0.15 0.45 0.63 0.37 0.34 0.74 0.05
Average
Change
0.38% 4.45% 1.07% 1.63% 2.62% 1.75% 3.79% 6.67% 3.11% 1.98% 12.15% 0.59%

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.