China Bulk Commodity Index (BCI) of 9/2020 is 0.15
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 09/2020 is 0.15, with average rise of 1.75%. The data shows that China manufacturing economy is expanding compared to last month.
| Month | 10/2019 | 11/2019 | 12/2019 | 01/2020 | 02/2020 | 03/2020 | 04/2020 | 05/2020 | 06/2020 | 07/2020 | 08/2020 | 09/2020 |
| RN | 29 | 40 | 42 | 45 | 22 | 19 | 48 | 68 | 57 | 58 | 62 | 57 |
| FN | 65 | 56 | 51 | 45 | 70 | 80 | 50 | 31 | 39 | 40 | 34 | 42 |
| BCI | -0.36 | -0.16 | -0.09 | 0.00 | -0.48 | -0.61 | -0.02 | 0.37 | 0.18 | 0.18 | 0.28 | 0.15 |
| Average Change |
-2.54% | 0.05% | -0.12% | 0.18% | -3.56% | -9.84% | 0.38% | 4.45% | 1.07% | 1.63% | 2.62% | 1.75% |
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.
