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In July 2024, the Commodity Supply and Demand Index (BCI) of the business community was -0.49, with an average increase of -2.47%.
The top three decliners were the steel sector, which fell by -5.98%, the non-ferrous sector, which fell by -5.81%, and the building materials sector, which fell by -2.97%.
Prepared by: Business Club
BCI Introduction:
1. BCI background
1. The relationship between supply and demand affects the price, and the price change reflects the change in the relationship between supply and demand.
2. The relationship between supply and demand affects economic operation, so monitoring changes in supply and demand can reflect the economic operation.
3. Bulk commodities are the most upstream of the national economy, so it is particularly important to monitor the supply and demand relationship of bulk commodities.
2. BCI formation
1. Select the 100 most representative basic raw materials in eight industries.
2. Statistics on the number of rising varieties and falling varieties per month.
3. BCI = (number of rising varieties - number of falling varieties) / total, and its value range is -1 to 1; 0 indicates the equilibrium point between supply and demand.
