China Bulk Commodity Index (BCI) of 2/2020 is -0.48
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 02/2020 is -0.48, with average rise of -3.56%. The data shows that China manufacturing economy is shrinking compared to last month.
| Month | 03/2019 | 04/2019 | 05/2019 | 06/2019 | 07/2019 | 08/2019 | 09/2019 | 10/2019 | 11/2019 | 12/2019 | 01/2020 | 02/2020 |
| RN | 33 | 35 | 24 | 38 | 48 | 46 | 64 | 29 | 40 | 42 | 45 | 22 |
| FN | 60 | 57 | 73 | 59 | 51 | 51 | 33 | 65 | 56 | 51 | 45 | 70 |
| BCI | -0.27 | -0.22 | -0.49 | -0.21 | -0.03 | -0.05 | 0.31 | -0.36 | -0.16 | -0.09 | 0.00 | -0.48 |
| Average Change |
-0.89% | -0.52% | -2.98% | -0.33% | 0.4% | -0.25% | 3.77% | -2.54% | 0.05% | -0.12% | 0.18% | -3.56% |
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.
