China Bulk Commodity Index (BCI) of 10/2024 is 0.11
As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 10/2024 is 0.11, with average rise of 0.43%. The data shows that China manufacturing economy is expanding compared to last month.
| Month | 11/2023 | 12/2023 | 01/2024 | 02/2024 | 03/2024 | 04/2024 | 05/2024 | 06/2024 | 07/2024 | 08/2024 | 09/2024 | 10/2024 |
| RN | 37 | 46 | 46 | 53 | 42 | 60 | 54 | 25 | 25 | 30 | 39 | 55 |
| FN | 61 | 49 | 52 | 44 | 56 | 36 | 41 | 69 | 74 | 65 | 58 | 44 |
| BCI | -0.24 | -0.03 | -0.06 | 0.09 | -0.14 | 0.24 | 0.13 | -0.44 | -0.49 | -0.35 | -0.19 | 0.11 |
| Average Change |
-0.97% | -0.1% | -1.23% | 0.42% | -0.96% | 1.88% | 0.95% | -0.62% | -2.47% | -1.91% | -0.67% | 0.43% |
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.
