SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 5/2018 is 0.23

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 05/2018 is 0.23, with average rise of 1.42%. The data shows that China manufacturing economy is expanding compared to last month.

Month 06/2017 07/2017 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 04/2018 05/2018
RN 44 68 74 62 62 59 54 48 54 28 63 60
FN 52 29 26 37 36 39 44 50 41 68 35 37
BCI -0.08 0.39 0.48 0.25 0.26 0.20 0.10 -0.02 0.13 -0.40 0.28 0.23
Average
Change
0.07% 2.47% 3.63% 2.44% 1.57% 2.36% 1.71% -0.53% -0.05% -1.85% 1.62% 1.42%

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.