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.
