China's Bulk Commodity Index (BCI), an indictor tracking the country's manufacturing activities, was likely to continue to be negative in November, said Liu Xintian, an analyst of the 100ppi.com, a commodity information provider in China.
The BCI in October was minus 0.44, representing a negative index for the sixth consecutive month. Compared to the BCI in 2014 (minus 0.56), the BCI in October this year improved a lot.
Since the beginning of 2013, the domestic commodity market has showed a downtrend and the market is in the "longest winter", said Liu, adding that although the two-child policy and the full liberalization of the service price will help promote the economic growth, it will exert limited effects on the commodity market in the short term.
Under the circumstances of the weak crude oil, the commodity market will likely continue to move downwards. Given this, the BCI in November is likely to continue to be negative.