SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 11/2022 is -0.36

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 11/2022 is -0.36, with average rise of -2.4%. The data shows that China manufacturing economy is shrinking compared to last month.

Month 12/2021 01/2022 02/2022 03/2022 04/2022 05/2022 06/2022 07/2022 08/2022 09/2022 10/2022 11/2022
RN 34 72 72 75 38 53 27 14 42 61 42 31
FN 63 26 26 23 58 45 71 85 58 36 57 67
BCI -0.29 0.46 0.46 0.52 -0.20 0.08 -0.44 -0.71 -0.16 0.25 -0.15 -0.36
Average
Change
-2.05% 3.4% 3.19% 3.92% -1.09% 0.41% -3.89% -7.1% -1.27% 3.27% -0.87% -2.4%

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.