SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 4/2021 is 0.22

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 04/2021 is 0.22, with average rise of 2.42%. The data shows that China manufacturing economy is expanding compared to last month.

Month 05/2020 06/2020 07/2020 08/2020 09/2020 10/2020 11/2020 12/2020 01/2021 02/2021 03/2021 04/2021
RN 68 57 58 62 57 72 81 67 65 86 52 58
FN 31 39 40 34 42 27 18 30 31 12 47 36
BCI 0.37 0.18 0.18 0.28 0.15 0.45 0.63 0.37 0.34 0.74 0.05 0.22
Average
Change
4.45% 1.07% 1.63% 2.62% 1.75% 3.79% 6.67% 3.11% 1.98% 12.15% 0.59% 2.42%

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.