SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 7/2019 is -0.03

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 07/2019 is -0.03, with average rise of 0.4%. The data shows that China manufacturing economy remains steady compared to last month.

Month 08/2018 09/2018 10/2018 11/2018 12/2018 01/2019 02/2019 03/2019 04/2019 05/2019 06/2019 07/2019
RN 73 61 39 17 30 45 55 33 35 24 38 48
FN 26 39 60 81 67 48 37 60 57 73 59 51
BCI 0.47 0.22 -0.21 -0.64 -0.37 -0.03 0.18 -0.27 -0.22 -0.49 -0.21 -0.03
Average
Change
3.93% 1.56% -0.42% -7.26% -2.58% 0.13% 0.69% -0.89% -0.52% -2.98% -0.33% 0.4%

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.