SunSirs--China Commodity Data Group

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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.