SunSirs--China Commodity Data Group

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China Bulk Commodity Index (BCI) of 7/2018 is 0.12

          As issued by China Commodity Data Group (SunSirs), Bulk Commodity Index (BCI) of 07/2018 is 0.12, with average rise of 0.59%. The data shows that China manufacturing economy is expanding compared to last month.

Month 08/2017 09/2017 10/2017 11/2017 12/2017 01/2018 02/2018 03/2018 04/2018 05/2018 06/2018 07/2018
RN 74 62 62 59 54 48 54 28 63 60 34 54
FN 26 37 36 39 44 50 41 68 35 37 65 42
BCI 0.48 0.25 0.26 0.20 0.10 -0.02 0.13 -0.40 0.28 0.23 -0.31 0.12
Average
Change
3.63% 2.44% 1.57% 2.36% 1.71% -0.53% -0.05% -1.85% 1.62% 1.42% -1.85% 0.59%

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.