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.
