Let's talk about international:

Commodity index plays an extremely important role in commodity market and macroeconomic analysis and guidance.

The earliest commodity index is the futures price index compiled by the US Bureau of Commodity Research in 1957 according to the prices of 22 basic economically sensitive commodities in the world market, usually referred to as CRB index. CRB futures contract 1986 is listed in the New York Mercantile Exchange; In 1980s and early 1990s, Goldman Sachs, Dow Jones and other companies also launched their own commodity futures price indexes, and introduced the method of weighted compilation to give corresponding weights to the commodity components in the index.

Since 1990s, with the continuous improvement of global economic and financial integration, the development of commodity futures index has entered a new stage of vigorous development in order to meet the potential demand of various futures traders for hedging and speculation.

International commodity index not only has strong influence in commodity futures market and securities market, but also provides early warning signal for macroeconomic regulation and control. It is found that commodity indexes are mostly ahead of CPI and PPI. The trend of commodity index is highly correlated with the trend of macro-economy. When the economy enters the growth period, the commodity index will go out of the bull market; When the economy enters the contraction period, it is accompanied by a bear market of commodity indexes. From this perspective, the trend of commodity index has become a microcosm of macroeconomic trends.

Domestic:

(1) Commodity Research Bureau (CRB)

The Commodity Research Bureau (CRB) is the earliest commodity index, which was established in 1957. It was originally composed of 28 commodities, 26 of which were listed in the United States and Canada.

(2) Goldman Sachs Commodity Index (GSCI)

Goldman Sachs Commodity Index (GSCI) was established in 199 1, and crude oil plays an important role in GSCI. In recent years, due to the sharp rise in energy prices represented by crude oil, the Goldman Sachs Commodity Index has become the most tracked commodity index, even surpassing the CRB index and becoming a new hot index.

(3) Rogers World Commodity Index (RICI)

Jim rogers was founded in 1998. Because of the bullish pattern of commodities for a long time, he designed the Rogers World Commodity Index and set up a fund with his own money to track this index.

(4) Dow Jones-American International Group Commodity Index

Dow Jones -AIG Commodity Index (DJAIG) was established in 1998, which was mainly welcomed by institutional investors and tracked a lot of funds.

(5) Standard & Poor's Commodity Index (SPCI)

Standard & Poor's Commodity Index (SPCI) was established at 200 1. Its characteristic is that the products are all varieties traded in the domestic market of the United States, and currently include 17 products. The weight design is determined according to the size of positions in the futures market. The biggest feature of Standard & Poor's Commodity Index is that it uses geometric algorithm to calculate the index. Under this algorithm, the volatility of the index is reduced and the stability is improved.

(6) Deutsche Bank Commodity Index

Deutsche Bank Circulation Commodity Index (DBLCI) was founded in 2003, including six commodities, all of which are the best circulating commodities in the industry. Its advantages are reducing transaction costs and improving reinvestment ability. The regulation of this commodity index adjustment is very strange: two energy varieties, namely West Texas Intermediate (WTI) crude oil and hot fuel oil, are adjusted once a month, while the other four commodities are adjusted once a year.

Brief introduction of domestic commodity index

As an important leading economic indicator, commodity futures index is also an urgently needed tool in the field of economic prosperity prediction in China. With the increasingly open economy of China, the domestic market is gradually in line with the international market. China is a big consumer of raw materials and plays an increasingly important role in the price fluctuation of international raw materials and bulk markets. Especially since 2004, with the increasing variety and perfection of commodity futures in China, commodity futures index can objectively, comprehensively and truly reflect the overall situation of commodity futures market, continuously describe the history of commodity market and become an important macroeconomic indicator.