On September 9, data released by the National Bureau of Statistics showed that in August 2023, the national industrial producer price index (PPI) fell by 3.0% year-on-year, and the decline narrowed by 1.4 percentage points from the previous month; it rose by 0.2% month-on-month. , turned positive for the first time this year. According to monitoring data from Sunces, a commodity data service provider under Wangsheng Businessbao, the Sunces Commodity Supply and Demand Index BCI was 0.54 in August, which has been significantly red for two consecutive months, reflecting the expansion of the manufacturing economy.
According to the SunSirs Commodity Price Index BPI, since July 2, 2023, the 7-day moving average has crossed the 30-day moving average and started an upward trend. The two moving averages continue to rise in the same direction, indicating that BPI has entered an upward channel, which also reflects that the macro economy will rise.
It is understood that the BCI Index (Bulk Commodity Index) is a commodity supply and demand index created by Business Society. As a leading indicator of the manufacturing industry, it has successfully predicted macroeconomic trends many times since it was first released in January 2012. As an important part of Businessbao’s data strategy, BCI aims to help governments, institutions, and enterprises make better decisions. The index monitors the prices of 100 major basic raw materials, compares the prices at the beginning and end of the month, counts the number of monthly rising varieties and the number of falling varieties, and then divides the number of rising varieties from the number of falling varieties by the total to get a ratio. Reflects the prosperity of the manufacturing economy.
The theoretical basis of the BCI index includes: first, supply and demand relations affect prices, and price changes reflect changes in supply and demand relations; second, supply and demand relations affect economic operations, so monitoring changes in supply and demand can reflect economic operations; third, bulk commodities It is the most upstream of the national economy, so monitoring the supply and demand relationship of bulk commodities is particularly important.
The BPI (Bulks Price Index) is a commodity price index created by Business Society. Like the BCI index, it selects the 100 most representative basic raw materials in eight major industries. It is an index based on 2011-12-01. Fixed base index on the base day. BPI first reflects the daily changes in the manufacturing industry relative to the base day; second, it reflects the continuous changes in the manufacturing industry in different periods.
Wang Puliang, general manager of SunSisi, said that SunSisi prices and indices are applied in three dimensions: macro, meso and micro. Macroscopic application reflects the prosperity of the manufacturing industry. By tracking the price changes of bulk commodities, the Business Society BCI index can not only reflect changes in downstream manufacturing demand and prosperity index, but also reflect the operating conditions of the macro economy.
Meso-level application reflects the prosperity of the industry. Business community index. An increase in the index reflects an increase in the overall price of commodities in the industry sector, and the industry sector is relatively prosperous. A decrease in the index reflects a decrease in the overall price of commodities in the industry sector, and the industry sector is sluggish. It can be used for industry tracking by industry associations or relevant government departments. and research scenarios.
Micro-applications, mainly in purchasing decisions, benchmark price pricing for transaction pricing, and index pricing for transaction pricing. In terms of purchasing decision-making, the commodity market analysis system of SunSirs is divided into five levels, which can determine the current position of commodity prices: high, medium-high, middle, medium-low and low. The position, trend, and pattern of price are the three keys to buying and selling decisions. In terms of benchmark price pricing, the SunSirs price is a transaction guidance price generated based on price big data and the SunSisi price model.
According to reports, Wangsheng Business Bao (stock code: 002095) was founded in 1997. It founded China Chemical Network and started the development of China’s e-commerce; in 2006, it successfully landed on the A-share market. After listing, the company focused on the field of industrial Internet. After nearly 16 years of exploration and development, it created the “Industry Network + Alliance” B2B e-commerce platform Business Bao, bulk commodity data platform Business Society, Wangsheng Raw Materials Trading Center and Mall Trading. system, raw material trading system and supply chain financial system. Currently, Businessbao has established a “3+1” strategic layout, which are: industrial Internet, supply chain finance, bulk trading and live e-commerce.
Business Club (www.100ppi.com) is a commodity data provider, a data organization that tracks, analyzes and studies commodities, and is a wholly-owned subsidiary of Businessbao. Currently, it has more than 200,000 pieces of circulation chain data, more than 9 million pieces of commodity price data, more than 10 million pieces of commodity dynamic data, as well as prices and various indices of nearly 300 kinds of raw materials. Based on the price data and the SunSisi price model, a transaction guidance price is generated, which is the SunSisi price. The SunSirs Commodity Index is derived from commodity prices and reflects changes in commodity prices.
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