SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 2/2024 is 0.09

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 02/2024 is 0.09, with average rise of 0.42%. The data shows that China manufacturing economy is expanding compared to last month.

Month 03/2023 04/2023 05/2023 06/2023 07/2023 08/2023 09/2023 10/2023 11/2023 12/2023 01/2024 02/2024
RN 37 34 15 38 77 75 69 22 37 46 46 53
FN 60 64 84 60 22 21 29 75 61 49 52 44
BCI -0.23 -0.30 -0.69 -0.22 0.55 0.54 0.40 -0.53 -0.24 -0.03 -0.06 0.09
Average
Change
-1.73% -2.02% -5.12% -1.38% 3.69% 4.99% 2.99% -3.83% -0.97% -0.1% -1.23% 0.42%

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.