SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 6/2019 is -0.21

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 06/2019 is -0.21, with average rise of -0.33%. The data shows that China manufacturing economy is shrinking compared to last month.

Month 07/2018 08/2018 09/2018 10/2018 11/2018 12/2018 01/2019 02/2019 03/2019 04/2019 05/2019 06/2019
RN 54 73 61 39 17 30 45 55 33 35 24 38
FN 42 26 39 60 81 67 48 37 60 57 73 59
BCI 0.12 0.47 0.22 -0.21 -0.64 -0.37 -0.03 0.18 -0.27 -0.22 -0.49 -0.21
Average
Change
0.59% 3.93% 1.56% -0.42% -7.26% -2.58% 0.13% 0.69% -0.89% -0.52% -2.98% -0.33%

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.