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.

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.

Rogers World Commodity Index (RICI)

The Rogers World Commodity Index jim rogers was established on 1998. Because of the bullish pattern of commodities for a long time, I designed the Rogers World Commodity Index myself and set up a fund to track this index with my own money.

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.

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.

Deutsche bank circulation 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.

Commodity index:

Commodities are mainly traded internationally, and the indexes compiled by the prices of oil, copper, soybeans and other products are bulk indexes. 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.

In fact, with the rise of processing and manufacturing industry at the beginning of this century, in recent years, various unofficial spot, forward and even futures price indexes of bulk commodities have been launched one after another. These indexes are more sensitive to market price fluctuations than CPI (Consumer Price Index) and PPI (Producer Price Index) released by official institutions such as the National Bureau of Statistics, and some of them have become key monitoring indicators of the Market Operation Department of the Ministry of Commerce.

The commodity index of Yiwu China, jointly developed by Zhejiang China Commodity City Group Co., Ltd. and the Institute of Statistical Science of Zhejiang Gongshang University, was officially released at the 2006 Yiwu International Commodity Expo on June 5438+ 10, 2006, including three parts and 23 sub-indexes: price index, prosperity index and monitoring index. Its price index has become a weather vane to accurately and timely understand and grasp the trend of small commodity trade in China and even the world.

In the global commodity price boom of bulk raw materials that began in 2002, some indexes that comprehensively reflect the price fluctuation of basic raw materials also came into being. For example, the Shanghai Spot Market Transaction Price Index (SMMI) covering six basic metals, such as copper, aluminum, lead, zinc, tin and nickel, was officially released by Shanghai Nonferrous Metals Industry Association in May 2007, which provided an important reference for enterprises in the non-ferrous metals industry to sign purchase and sale contracts and financial institutions to invest in the non-ferrous metals industry. In 2000, Shanghai Lian Gang E-commerce Co., Ltd. ("My Steel") began to compile a comprehensive, sub-regional and sub-variety spot price index "MyspiC", which is also the weather vane of the spot steel market.

In June 2006, some electronic trading markets for medium and long-term bulk commodities, such as the online trading market of Zhejiang Plastic City, located in East China Plastic Distribution Center, launched the "China Plastic Price Index", including the China plastic warehouse receipt price index (compiled and released in real time according to the transaction price of the forward delivery warehouse receipt in the online market) and the China plastic spot price index, which became the "barometer" of the plastic industry price in China.

As the highest organizational structure in the market economy, the continuous futures price formed by open and centralized bidding should have become the benchmark price of bulk basic raw materials. With the abundance of agricultural products and industrial products listed on the three major domestic commodity futures exchanges after 2004, the fairness and representative significance of an index that comprehensively reflects the domestic commodity futures prices will far exceed the price indexes published by the above-mentioned spot and medium-and long-term professional markets.

1. Goldman Sachs China Commodity Index

GSCCI uses the current price of domestic goods, which is often quite different from the international price. This difference is particularly obvious in the short term. At present, the weight composition of GSCCI is as follows: coal: 45.7%, steel: 4 1.5%, aluminum: 6.3%, and copper: 6.5%. GSCCI is a Zhou Du indicator to measure inflation in the upper reaches of China. A year and a half ago (September 2007), Goldman Sachs, a major international investment bank, officially launched the "Goldman Sachs China Commodity Price Index" (GSCCI), which comprehensively reflected the price changes of four basic raw materials, such as coal, steel, copper and aluminum, which were necessary in the process of industrialization and urbanization in China. This has caused a shock in China, and China has been short of authoritative institutions to release credible commodity price indexes in time.

The Goldman Sachs Commodity Index (GSCI), founded by Goldman Sachs in 199 1, is the most tracked commodity index in the world, although its popularity is second only to the oldest CRB index. As an emerging global manufacturing center, China is not only unable to control the pricing power of the required commodities at present, but also faces the embarrassment that the authoritative commodity index was released by foreign countries first and lost its right to speak.

In fact, as early as 2006, the A50 China stock index released by FTSE Xinhua has brought troubles to China's financial futures exchange, which is preparing to list the Shanghai and Shenzhen 300 stock index futures, because its derivatives were first listed on the Singapore Stock Exchange (SGX). Commodity index is compiled on the basis of some commodity prices, and different commodities have different proportions in the index, that is, weights.