SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 6/2022 is -0.44

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 06/2022 is -0.44, with average rise of -3.89%. The data shows that China manufacturing economy is shrinking compared to last month.

Month 07/2021 08/2021 09/2021 10/2021 11/2021 12/2021 01/2022 02/2022 03/2022 04/2022 05/2022 06/2022
RN 72 53 76 64 22 34 72 72 75 38 53 27
FN 26 46 22 33 76 63 26 26 23 58 45 71
BCI 0.46 0.07 0.54 0.31 -0.54 -0.29 0.46 0.46 0.52 -0.20 0.08 -0.44
Average
Change
4.51% 1.72% 10.45% 4.4% -8.23% -2.05% 3.4% 3.19% 3.92% -1.09% 0.41% -3.89%

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.