SunSirs--China Commodity Data Group

Member ID: password:

China Bulk Commodity Index (BCI) of 2/2017 is 0.33

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 02/2017 is 0.33, with average rise of 2.14%. The data shows that China manufacturing economy is expanding compared to last month.

Month 03/2016 04/2016 05/2016 06/2016 07/2016 08/2016 09/2016 10/2016 11/2016 12/2016 01/2017 02/2017
RN 78 67 40 45 56 62 61 76 84 73 57 65
FN 21 31 56 49 42 36 36 20 14 25 40 32
BCI 0.58 0.36 -0.16 -0.04 0.14 0.26 0.25 0.57 0.71 0.49 0.17 0.33
Average
Change
5.21% 3.08% -1.78% -0.25% 1.98% 1.58% 2.73% 3.83% 6.78% 5.39% 1.87% 2.14%

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.